Buy-to-let rates are still on a downward spiral which is really good news for the more mature person thinking about investing some of their newly liberated pension fund. More mature people are looking into this form of investment as returns can be very lucrative on the right property. Data issued this week revealed there’s been a dramatic increase in the number of buy-to-let deals available and likewise a dramatic fall in interest rates. Just 2 years ago there were only 5 two year fixed rate deals on the market at under 3% interest, but today there are over 80. These day’s landlords can pick up a two year fixed deal for little over 2% and a five year deal just over 3% and these deals are attracting a great deal of attention. All this good news for existing and potential new landlords is enhanced even more as a new report shows rental income has increased by 15% since the election in 2010. This report shows on average an increase of 3.7% in the last year alone and predicts this to continue as demand grows. It is little wonder there are so many excellent mortgage deals on offer as lenders wrestle for new business. With so many different deals currently on offer it is vital to ensure the deal you decide on meets your full needs. We strongly advise new and existing investors to seek professional advice before committing to any new mortgage. Require assistance? If you are in need of assistance with your new or re-mortgage please call one of our fully trained advisers and we will be pleased to help. We pride ourselves on attention to detail and look forward to being of assistance to you.
