The buy-to-let mortgage market has seen resurgent activity, with more products available and increased competition amongst lenders leading to innovation on features. The highlights are:
- Fresh availability of 5-year and 10-year fixes, at rates which will probably not be bettered in the future;
- "Let-to-buy" products allow a borrower to use equity in their existing home as a deposit on a buy-to-let mortgage;
- Adult children living with their parents can obtain a buy-to-let mortgage to enable them to invest in a property whilst remaining at home
- You can obtain mortgages where the borrower would be aged 80 years at the expiration of the term;
- You can gift equity in a property to your children and the gifted portion of the equity will be used as the deposit on the buy-to-let mortgages.
YOUR HOME OR PROPERTY MAY BE REPOSSESSED IF YOU DO NOT KEEP UP REPAYMENTS ON YOUR MORTGAGE.
Please note: Although L&C our authorised and regulated by the Financial Conduct Authority (FCA), the FCA does not regulate most buy to Let mortgages.