The world of mortgage products is forever expanding, as financial providers adapt their lending models to fit modern lifestyles. One group for whom the future’s looking particularly bright is older borrowers. Many lenders are increasing their maximum ages to reflect changes in life expectancy and financial stability, and in fact one lender recently revealed that they would be offering mortgage products to borrowers up to the age of 85.
The number of buy-to-let mortgages products available on the market in June 2019 was the highest in over ten years at 2,396, according to a new report from Moneyfacts. That represents a 21% increase in the number of available BTL mortgage products in the year to June, compared with the same period in 2018.
Applying for a mortgage can be a stressful time in your life, even though it’s very exciting – especially if you are buying your first property! So make the process go smoothly by following these tips.
It seems as though almost every time a new law comes into force in the lettings industry, there is a negative impact on landlords’ profits. While the several new pieces of legislation already on the slate for 2019 shouldn’t make a huge difference to your profits, you should be prepared for some costs to increase.
The month of January is closely associated with post-Christmas sales, as shops attempt to rid themselves of their stock from the previous year and make way for fresh trends and items for the new year. However, it appears that in 2019, some mortgage lenders are joining the January sale mindset and shaving a little from some of their mortgage products.
Landlords invest in property for two main reasons:
