Buy to Let

Buy to let mortgages were first introduced to the UK in 1996, they used the rental income from the property for affordability, not the Client’s earned income. This innovation had wide reaching effects on the uk property market and is now a commonplace form of lending.

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Around 50% of Landlords obtained their properties between 1996 and 2006. Since then, following the 2008 financial crisis the regulator introduced new affordability stress tests for Buy to Lets. The concept of ‘Accidental Landlords’ was included in guidance. Tax Changes lead many to hold properties in Limited Companies, the rapid rise in interest rates following the 2022 Mini Budget emphasized this need to many.

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We deal with a wide variety of Buy to Let clients, those converting their previous homes to rental properties, some who acquired properties in the early 00’s, and those looking to be first time Investors. The Buy to Let Mortgage market is nowhere near as simple as it was on the turn of the century, there is real value to good advice.