{"id":7698,"date":"2019-07-30T10:32:42","date_gmt":"2019-07-30T10:32:42","guid":{"rendered":"https:\/\/www.openbusinesscouncil.org\/?p=7698"},"modified":"2019-07-30T10:32:42","modified_gmt":"2019-07-30T10:32:42","slug":"buy-to-let-set-to-become-a-booming-business-yet-again","status":"publish","type":"post","link":"https:\/\/www.footballthink.com\/buy-to-let-set-to-become-a-booming-business-yet-again\/","title":{"rendered":"Buy To Let Set To Become A Booming Business Yet Again"},"content":{"rendered":"
\"Buy
Buy To Let Set To Become A Booming Business Yet Again<\/figcaption><\/figure>\n

The recent rate cuts by Barclays has seen a significant shift in the cost of having a buy to let mortgage, as these mortgages benefited the most from these cuts. According to Mortgage Strategy, a two-year fixed-rate buy to let loan at 60% loan to value, will see a rate cut from 2.28% to 2.21%. This is for loan amounts up to \u00a31 million. The rate cut is welcoming to those who consider property investment as a form of income, especially\u00a0amidst the tumult caused by Brexit<\/a>. While property prices are already feeling the effects, it\u2019s up to entrepreneurs to make the most of the cost-savings as becoming a landlord is a viable source of income once again.<\/p>\n

A Potential Source Of Income For Retirees<\/h2>\n

A study revealed that the property investor is getting older, as\u00a0over 55s account for nearly 40%\u00a0<\/a>of buy-to-let property purchases. For pensioners, properties provide a sense of security as there is the option to rent it out in order to generate an additional income or sell it when they need to. There is a caveat, however, and that is that a turn in the market could see them losing out, where investing their money in other investments might have been a better option. There is also the risk that a tenant may not pay their rent, which can end up costing the landlord a lot of money, especially if they have a mortgage to pay. However, an investment property that works well is one of the best boons to a financially secure retirement.<\/p>\n

An Additional Source Of Income<\/h2>\n

If you happen to own an existing property, have a good credit history, and want to earn additional income on the side as a buy to let owner, you may be eligible for a buy to let mortgage. Self-certification buy to let mortgages are ideal for those who wish to\u00a0earn an income from their property investments<\/a>, but wouldn\u2019t ordinarily qualify as they may not earn an income big enough to warrant the loan. For housewives and stay at home parents who are already property owners, this a fitting choice. Buy to let properties are also suitable for those who wish to\u00a0supplement a shortfall in their income<\/a>. While it may require an initial investment in terms of covering the fees and paying a deposit, after the first few years, investors tend to make a return on their investment.<\/p>\n

A Rising Tenant Market<\/h2>\n

One of the biggest concerns for a property investor is that they might end up with a vacant property. This is not only bad for income, but also creates risk in terms of squatters and vandals. The UK, however, has a housing crisis and there are far more tenants than properties. This places landlords in a position where they can get fair value for their property, and also have a choice of tenants to rent their properties to.<\/p>\n

Would-be landlords should consider the merits of owning a buy to let property, especially now that rates and regulations are starting to ease up.<\/p>\n

This is an article provided by our partners network. It might not necessarily reflect the views or opinions of our editorial team and management.<\/strong><\/p>\n

Contributed content<\/strong><\/p>\n","protected":false},"excerpt":{"rendered":"

The recent rate cuts by Barclays has seen a significant shift in the cost of having a buy to let mortgage, as these mortgages benefited the most from these cuts. According to Mortgage Strategy, a two-year fixed-rate buy to let loan at 60% loan to value, will see a rate cut from 2.28% to 2.21%. […]<\/p>\n","protected":false},"author":7,"featured_media":7699,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_mo_disable_npp":""},"categories":[3585],"tags":[3688],"acf":[],"yoast_head":"\nBuy To Let Set To Become A Booming Business Yet Again - OpenBusinessCouncil Directory<\/title>\n<meta name=\"description\" content=\"It\u2019s up to entrepreneurs to make the most of the cost-savings as becoming a landlord - buy to let - is a booming business once again\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.footballthink.com\/buy-to-let-set-to-become-a-booming-business-yet-again\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Buy To Let Set To Become A Booming Business Yet Again\" \/>\n<meta property=\"og:description\" content=\"It\u2019s up to entrepreneurs to make the most of the cost-savings as becoming a landlord - 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