According to new research, buy-to-let is still continuing to break all records in the UK. Landlords are benefiting from ever increasing property values, increasing rents and the cost of borrowing is cheaper than ever before. In 2001, buy-to-let accounted for just 4% of mortgage lending, by the end of July this year that figure had risen to 16.7%. According to the figures, landlords have made nearly £175 billion in capital gains since 2009 alone. Other figures show that returns from rents and property value growth over the last 12 months have hit 8.4% in some parts of the country. It is widely expected that over the next couple of years landlords will see rent increases of around 2-4% per annum. In areas where there is a severe shortage of quality property for rent these figures are expected to be much higher. Demand for good quality accommodation in the major Cities is soaring almost out of control which of course is fuelling property value increases. One estate agent in Manchester said for every good rental property we have 4 clients interested and we let them within hours of coming onto the market: Mortgage choices: Currently there are over 1000 buy-to-let mortgage choices on offer and some are extremely good value. When choosing the mortgage which is right for you there are several aspects that need to be taken into account. We always advise to seek professional help making this selection as not all deals are as good as they look. Need assistance? Our professional advisers are fully experienced at dealing with all types of buy-to-let mortgages. We offer a fast and efficient service with access to all the current mortgage deals available.
