More than a 1,000 buy-to-let loans available

More than a 1,000 buy-to-let loans available

The number of buy-to-let loans currently available is a sure-fire sign that the UK is becoming a nation of landlords. If you’re one of the long list of people who are thinking about getting into property, then there has never been more choice when it comes to buy-to-let mortgages. In fact, banks and building societies are currently offering in excess of 1,000 different buy-to-let mortgages in an attempt to entice the would-be landlord.

Ever since the new pension reforms came into play in April 2015, there has been a significant leap in the over 55s accessing their saving pots early to invest in the buy-to-let market. In order to enjoy a more lucrative retirement, a new wave of investors is taking advantage of these reforms knowing that the property market has consistently outperformed traditional forms of investment such as bonds and equities. Banks and building societies have been alive to this and that’s why there are so many buy-to-let mortgage products on the market.

Take a look at this article to find out more about the buy-to-let mortgage boom http://www.thisismoney.co.uk/money/buytolet/article-3210254/Buy-let-mortgage-frenzy-means-1-000-deals-available.html

Another attraction is the low rates that can be obtained with buy-to-let mortgages. Since 2008, buy-to-let mortgage rates have gone down from over 6% to below 4%, making it more affordable to become an investor. With the current buy-to-let and student property market booming in the UK, it’s little wonder that many pensioners are turning to property in order to bolster their retirement incomes.