There has never been a better time to lay your hands on a buy-to-let mortgage. Banks and building societies are currently offering more than 1,000 buy-to-let loans which is the highest number since the global recession.
Stimulating this demand are the new pension freedoms that were launched back in April giving over 55s more access to their savings. With many pensioners looking to increase their retirement pot by investing in buy-to-let, where the attractive returns are consistently outperforming other investment options, the number of different mortgage products for buy-to-let has literally gone through the roof, if you can excuse the pun!
Since April 2008, average buy-to-let variable mortgage rates have dipped form 6.6% to 3.6%, making it a highly attractive proposition for would-be investors. With pensioners looking for more bang from their buck, the current buy-to-let and student property boom is an enticing opportunity. Pensioners are looking for hassle-free investments with the potential for high returns and if you know what you’re doing, the property investment market can deliver that.
If you’re new to property investment and you’re still a bit nervous about taking the plunge then please give us a call. We would be happy to guide you through the process.