Buy to Let Mortgages
In recent years, several factors have combined together, to make buying a house with a buy to let mortgage for the purpose of renting it to private tenants a booming market in the UK.
In particular, the desire by many to cash in on the soaring property market by purchasing a 'self-financing' second property, has been compelling. Others have been driven by the uncertainty of the stock market and the need to provide for their pensions. There are several major UK mortgage lenders that specialise in lending to the buy to let market.
When considering becoming a private landord, financing a property with a buy to let mortgage, there are several issues that must be considered before taking the plunge.
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