It remains to be seen what impact the taxation changes of buy to let properties will have on the market. If a property can be bought at the right price it is likely buy to lets will still remain an attractive proposition. Rightly or wrongly many trust bricks and mortar to be a sound investment in the long term over equities. An attractive benefit of buy to lets is that you get the benefit of owning a tangible investment, also if you choose you can control the maintenance and management of the property.
If you are interested in buying a property to let, you will need a buy to let mortgage. Many lenders are in the buy to let market, with varying lending criteria and rates of interest on offer. As a general rule of thumb you will need a minimum deposit of 25% and rental income covering at least 125% of the monthly mortgage payments. Your personal circumstances also make a difference. For example, lenders are less willing to lend to people who do not own their own residential property and those that do not have an income.
At Dupree Mortgage Solutions we use our expertise to research the market place to find a competitive deal for you.