Good News for first time investors
March 15th, 2011
There has been a very interesting change of attitude by lenders in the buy-to-let market. Historically lenders have always favoured the established landlords, those with a history of buy-to-let borrowing and have build up a good sized portfolio.
Since the beginning of the year lenders have begun to change their lending patterns and started to look more favourably at the first time landlord rather than the professional landlord. Not surprisingly these new buy-to-let customers are borrowers who have large credit balances earning very little interest who have become very disillusioned with standard bank accounts and are now looking for alternative ways of getting a decent return on their investment.
With the lenders easing many of the restrictions around buy-to-let mortgages such as deposits, interest rates and other criteria thus making them more affordable and readily available, coupled with the demands on the rental market increasing month on month and rental income providing a better return on investment than your standard bank accounts there has never been a better time to become a property investor.
With up to a 15% return on your investment Happy Homes Investments can help you get your savings working for you again. Call us today for a free consultation.