If judged by the numbers alone, buy to let has been hugely successful with around 1.5 million buy to let mortgages being lent since 1996.
With the property market now in recovery the number of buy to let loans applied for, and lent, is only going to continue to increase.
But getting a buy to let mortgage IS NOT like getting a mortgage to buy your own home.
Successful property investors will tell you that ‘Finding the right finance is as important as finding the right property’.
So surely it makes sense to know as much as you can about buy to let finance BEFORE you apply for your loans.
The problem is there are numerous buy to let lenders offering a bewildering array and choice of buy to let mortgage products. There are literally thousands to choose from, and all with different terms and criteria.
If you are using, or if you are going to use, buy to let finance, let me help you by showing you, and by answering many of the questions you should be asking about buy to let mortgages.
*Why buying buy to let property with a mortgage is actually a smart move, and why you don’t want to buy using cash
*Why borrowing to buy property makes perfect sense, and why buying property works better when you use someone else’s money!
*What lenders are looking for from you
*How to give yourself the best possible chance to get the loan you want
*The ‘black arts’ lenders indulge in which could de-rail your property investing
*How to find the best buy to let mortgage deals
*What your lender is looking for from your property
*What your lender is looking for from you!
*How to compare deals so you know you are getting the best one
*What lenders really don’t want, so you can avoid it
*What you can do if you have limited money to put in to a deal, or limited income
*What’s a DIP and when should I apply for one
*How much a lender will lend you
*What new investors should be thinking about
*Should you go for a fixed rate or a variable rate?
*Should you opt for interest only or capital repayment mortgages?
*What’s the best Loan to Value ratio today, and where do I get it?
*Can I move my buy to let mortgage to another property?
*What about borrowing on new builds?
*Should I use a mortgage broker and, if so, when?
*What if I can’t get a buy to let loan?
And much, much more.
And, just to get you started, in the Appendix, I’ve briefly summarised the terms of typical loans available TODAY from some of the main lenders in the business.
If you’re serious about being successful in buy to let then for less than the price of a fancy coffee I can help you on your way.
Plus, as an EXTRA SPECIAL BONUS, when you download your copy of All About Buy to Let Finance And How to Get It I’ll tell you how you can receive FREE copies of 3 of my popular property Special Reports: The 5 Capital Value Power Plays of Successful Property Investors, How to Boost Your Property Returns by Using Overlooked Equity and Goal Setting For Property Success.
Here’s to successful property investing.
Peter Jones B.Sc FRICS
Chartered Surveyor, author and property investor