How To Find A Buy To Let Cheap Mortgage (if there is such a thing!)
A buy to let cheap mortgage is an essential in these uncertain days of the UK property market.
With margins getting tighter for buy to let property investors, if you want to continue to add to your property portfolio, and you need a mortgage to do so, you have to be really scrupulous.
So the important question is: does a buy to let cheap mortgage really exist?
Well, unfortunately there's no golden answer to this question as the rate you're offered could be very different to the next property investor in the queue.
One thing is for certain though: buy to let mortgage rates are typically higher than those of standard mortgage lenders because a buy to let poses a greater risk to the mortgage company. Though you can read more about this on my Mortgages page, where I tell you exactly what a buy to let mortgage is, and how to find the best buy to let mortgage for you.
Even if you think you've found a cheap buy to let mortgage, have you really? There are so many variables to consider. Read my ‘Where Are All the Best Buy To Let Rates? page for a real eye-opener on these mortgages.
Maybe I should ask you a question…
Why are you still considering a buy to let property in the UK?!
Perhaps you haven't read my Buy To Let page, titled ‘Unveiling The Truth About Properties To Buy And Let'. If you're still thinking that buy to let is the way forward in the UK, I really think you should read this page and you may find you have second thoughts.
If I still haven't convinced you, use my examples on my ‘How Does Buy To Let Work' page to work out the payments you can expect to be making on your buy to let cheap mortgage, and don't forget to factor in the property taxes you'll need to pay too.