First Time Buyer Landlord Mortgages Reach Highest Level
Despite the introduction of legislation designed to limit the tax relief landlords are able to claim on their mortgage interest, a recent report from Moneyfacts.co.uk revealed that the number of options for first time landlords has actually increased by 13% since the beginning of the year, while rates have steadily decreased over the last two years. In fact, this report indicates mortgage applications for first time landlords has doubled since last year.
Equity release is a range of products that lets you access the equity from your home once you reach the age of 55. How old you are, how much your home is worth, and whether or not you already have ongoing mortgage payments will all be taken into consideration when determining how much you’ll be able to borrow.
