We think buy to
let represents a fabulous opportunity in 2012 and beyond for London’s property investors and landlord’s.
After all the rental sector is incredibly strong right now.
The good news is that UK mortgage lenders see the buy to let sector as one they’d like to expand into. The reason of course behind this is not their charitable inclinations, but that it is a more profitable way to lend their limited resources in these times of lower lending levels.
But that is exactly the point. We have a contrarian view of the world (do the opposite to others). If you believe that the only way is up and that the property market is at the bottom of a new cycle, then this could be a great time to enter the buy to let market, or continue to develop your portfolio.
Buy to Let is probably an area more than any other that having an excellent broker can really help you. We’re here to understand your attitude, your overall lending position and where flexibility will lie going forward. We’ll know when new lenders become available to you and how to juggle your portfolio overall.
Also buy to let lending is dependent on so many more factors, with several addition layers of underwriting to residential lending. Lenders are more inclined on buy to let mortgages to “take a view” than in any other area of mortgage lending. Having a great broker to lean on them and persuade them is key.
Frequently we speak to prospective new portfolio owners clients who say to us:
“I’ve actually got 4 brokers!” our reply is simply :
“Sounds like you’ve got a problem, you just need ONE good broker”
We’re here for the journey. If you’re looking for a London buy to let mortgage drop us a line to see how we can help you develop over the next decade and beyond.
