Investment in properties is a great way to earn a steady stream of income. One of the most popular ways of doing so is by investing in a buy-to-rent property. In simple terms, a buy-to-rent mortgage is a mortgage that is taken out specifically for the purpose of purchasing a property to rent out.
Buy-to-rent mortgages come with several advantages. Firstly, they allow you to invest in property without having to pay the full price upfront. Secondly, the rental income you receive can cover your mortgage payments and even generate additional income. Thirdly, you can benefit from capital appreciation over time, which will increase the value of your investment.
To be eligible for a buy to rent mortgage, you will need to meet certain criteria. Typically, lenders will require a deposit of at least 25% of the property’s value. They will also assess your credit history and affordability to determine if you can afford the mortgage payments.
At Prestige Mortgage Solutions, we understand that investing in property can be an intimidating process. That’s why we offer bespoke, expert mortgage advice tailored to your individual needs and circumstances. We will help you navigate the complexities of a buy-to-rent mortgage and find the most suitable deal for you. Contact us today to start your journey towards financial freedom.