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Buy-to-let mortgages finally decreasing on price

30/04/2007

On an average it has been confirmed that Buy-to-let mortgages are getting cheaper and are getting in the range of residential mortgages, simply indicating a cheap way into the rental market for new potential investors.

The Financial Times has concluded that many lenders today are looking to appeal on buy-to-let mortgages leading to securing certain property deals.

With buy-to-let mortgages being cheaper, figures have also emerged of rising loan to value percentages, leaving homebuyers to leave a smaller deposit with lower rental income regulations.

The government recently has introduced transparency for residential leaseholders. They are trying to give new investors a chance to get into the property market.

Baroness Andrews, Housing minister commented: "The measures will ensure tenants are better informed about their rights and obligations. For too long, some people have been left unclear about what is expected of them and what they can do if they are unhappy with the charges."

It is always important to look at all aspects when taking on a mortgage deal.



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