Buy to let mortgage Wiltshire and Cotswolds in Swindon

 Whole of market buy to let mortgage broker in Swindon

The Buy To Let Market In Wiltshire and the Cotswold's

The buy to let market in Wiltshire and the Cotswold's remains buoyant. The area has a largely service based economy with significant employment in the financial, IT, media sectors. Multinational corporations are large employers in the area.

Demand for rental property is high, due to strong local population growth and house prices that continue to be out of reach for many first-time buyers.

What Is Buy To Let Property Investment?

A buy to let mortgage is a specific type of mortgage designed for the purchase of a property with the intention of letting it out to tenants. Typically, a property investor will aim to profit in two ways, through rental yield and capital appreciation (ie rising property prices).

Buy to let property investing started to become popular with landlords in the mid-late 1990’s because the yields were so good, thanks to relatively low property prices (at the time) and decent rental incomes.

In Wiltshire and the Cotswolds buy to let mortgages and property investment is still popular.

Obtaining a Buy To Let Mortgage in Wiltshire and the Cotswold's

Unlike a standard owner/occupier residential mortgages where the borrowing criteria is based on affordability, a buy to let mortgage is assessed using RTI, or Rent to Interest Cover calculation. In other words, the borrower must be able to demonstrate rental income will be more than sufficient to cover their mortgage interest payments. 

Nowadays a sizeable deposit is required the typical Loan to Value (LTV) for a buy to let mortgage is currently 75%. However, because Elect Financial solutions are on direct access panels to many of the top BTL lenders, they can sometimes arrange 85% LTV with specialist buy-to-let lenders, though this will depend upon your personal circumstances. Please feel free to contact them for no-obligation advice and the very latest buy-to-let mortgage availability.

We can also help source competitive buy-to-let mortgage rates for a freehold block of flats or apartments (a.k.a Multi-Unit Freehold Block) in Wiltshire the Cotswold's or anywhere else.

Understanding the costs and potential profitability of your investment are probably the most important aspects you will have to consider when looking at buying a property in Wiltshire or the Cotswold's for rental profit

For most property investors and landlords, the investment is worthwhile, but it’s vital that you take the time to calculate your projected expenditure and earnings bbefore making a commitment.

If you are in Wiltshire or the Cotswolds then give Stuart a call for a fee free whole of market mortgage meeting.

 Think carefully before securing debts against your home. Your home may be repossessed if you do not keep up repayments on your mortgage or any other debt secured on it. Please note that some mortgages such as commercial BTLs are not regulated by the FCA