Have you considered becoming a Landlord?

Despite a turbulent economic climate, the buy to let market has been going from strength to strength. With the average first time buyer now being 37 years old*, there has been an increase in demand for the rental sector, so now may be a great time to invest in property.


The latest Paragon survey shows the highest level of buy-to-let mortgages per quarter since the financial crisis began.  With first time buyers finding it difficult to raise the deposits required to get on the property ladder, alongside improved mortCardiff Baygage products from lenders, landlords have increased confidence in the buy to let market and have seen significant growth.


Lenders have recognised this area as a growing market and there are a large number of competitive mortgage products to help investors take advantage of this opportunity and become a first time landlord.


As with any investment, purchasing properties to let does carry risks but by seeking financial advice you can discuss all aspects of the buy-to-let market so you can feel secure in your decision.


Why not speak to us here and we can take you through all your options and help find the right buy-to-let mortgage for you. We are able to provide a full advice service and guide you through the whole process. There are many things to take into consideration when taking out a mortgage such as general insurance and protection; thankfully we all offer a full service in insurance so why not contact us today? Call one of the Harvey Bowes team on 029 2115 6918




Your property may be repossessed if you do not keep up repayments on your mortgage.




*Source: Money Supermarket



Buy to Let Lending Continues to Grow

The Council of Mortgage Lenders (iStock_000012341466LargeCML) has published data confirming positive growth in Buy to Let lending. More than 40,000 mortgages worth over £5bn were advanced in the second quarter of 2013, 19% higher by volume and 21% higher by value than the preceding three months and 19% and 31% respectively, year on year.

By the end of June buy-to-let mortgages accounted for 13.3% of outstanding lending in the UK up from 13.1% in the preceding quarter and 12.9% a year earlier.

The property investor market is an exciting arena with strong rental demand and surpressed property prices in many parts of the UK. Add to this an appetite from lenders for Buy to Let business and it is no wonder why we are seeing growth in this sector.  

With the announcement from the Bank of England confirming rates will stay low until unemployment rates improve, there is a confidence that rates will stay low for some time to come, therefore making borrowing increasingly more attractive.

We have also seen lenders shifting criteria to make buy to let mortgages more assessable to more applicants. BM Solutions have recently removed their minimum income requirement for Buy to Let mortgages and TMW (The Mortgage Works) now accept first time landlords on the same product ranges (up to 75% LTV) as existing and experienced landlords.

To find out more about buy to let mortgages, contact one of the team at Harvey Bowes today on 029 2115 6918


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