Buy to Let London
Buy to Let London, Compare Buy to Let mortgage, Buy to Let mortgage rate
Buy to let is very popular in London as the rental yield is much higher than other parts of the country. Property prices in London are very expensive and especially for a buy to let beginner it would be very hard for them to get on to the property ladder in London. One of the reason buy to let property in London is rented out so easily is because people working in the city cannot afford to buy a house in London as studio flats can cost up to £400,000 when you're earning £25 - £30k
it is hard to afford therefore majority of people in London rent. London has more than 4 universities in central London with each university needing to house in excess of 20,000 students you see why there is a demand for buy to let properties in London.
Mayfair Consulting does not display rates on the website for buy to let products like other sites do as our Mortgage advisors believe that every client is unique and the service provided reflect this. People that compare buy to let mortgage rates online are mis-led in thinking they are going to get a cheap rate when they ring up to sign up for a buy to let mortgage they are informed that that rate is not for them. Buy to let mortgages differ just like conventional mortgages unless you know the criteria for the buy to let mortgage product comparing buy to let mortgages does not mean anything.
Buy to let mortgage rates range from 3.99% to 9.1% these are approximate figures you can see from this that there are lots of buy to let mortgage products in the market buy to let mortgage rates also fluctuate as conventional mortgage rates.
Think carefully before securing other debts against your home.
Your home may be repossessed if you do not keep up repayments on your mortgage.
The overall cost for comparison is 7.1% APR. The actual rate available will depend upon your circumstances. Ask for a personalised illustration. There may be a fee for the mortgage advice. The precise amount will depend on your circumstances, but we estimate it will be 1.5% of the loan amount with a minimum fee of £500 added on to the loan.
Mayfair Consulting Limited is an Appointed Representative of The Mortgage Times Group Limited, 279 Tottenham Court Road, London , W1T 7RJ , which is authorised and regulated by the Financial Services Authority no. 303007.
