What is B2L?
BUY-TO-LET was the initiative devised by the Association of Residential Letting Agents (ARLA) and supported by a panel of leading mortgage lenders. Now commonly used as the term for most mortgages suitable for domestic property investing. B2L is simply the modern twist.
Is the property market dead?
Not at all! There is a lot of opportunity for long term investors to reap rewards. OK property prices have dropped quite a bit from the highs a few years ago, but then it makes perfect sense to buy when the market is low.
House building is at the lowest level since World War II, the population is growing and people are living longer. The housing requirements have to be met in some way, either by more affordable housing to buy or a shift towards long term rental like our european cousins.
What about Finance?
Mortgage lending is currently a little bit restricted, but the signs are that the lending is being relaxed with companies offering more B2L products. Interest rates are historically low and lenders confidence is returning to the market which will allow more investors to get involved.
Want more information?
If you are an experienced investor looking to build your portfolio or a first time investor considering buying to let we would be interested in hearing from you. We can help locate the right property, assist in getting finance & most importantly get the property let to fully reference checked tenants.
Call 01745 590919 for an informal, no obligation chat about the opportunities.