Lots of new mortgage opportunities could mean that it is now exactly the right time to let the experts at Keywest help you to find your next Leicester buy to let property investment.
New figures just released show that the number of mortgage products aimed at buy-to-let investors is booming this year, particularly when it comes to products designed for landlords at the helm of limited companies.
As more and more mortgage opportunities aimed at limited companies were introduced, the first quarter of 2016 saw a significant increase in buy-to-let mortgage products. Average product numbers in terms of buy-to-let mortgages stood at 963 in the last quarter of 2015, but this went up to 1,105 during the initial three months of this year.
The Appeal of HMOs
Data from the Mortgage for Business index revealed that remortgages outstripped purchases in most categories, although purchase numbers were higher in the category of houses of multiple occupation (HMO). Mortgages for Business’s managing director, David Whittaker, said that the rise in the number of HMO purchases was not surprising given the quest by landlords to achieve the highest possible yields and the number of tenants looking for good-value accommodation options.
Mr Whittaker also added that the higher number of remortgage transactions did not indicate a drop in purchase numbers, either. He said that every type of residential investment saw a noticeable increase in numbers when it came to purchase transactions.
Good Yields on Offer
Another fact highlighted by the Mortgage for Business index report was the rise in yields enjoyed by landlords of semi-commercial property in the first three months of 2016. This category was the property type offering the second-highest yields during the first quarter.
Mr Whittaker is predicting that even more landlords will be buying this kind of semi-commercial property over the coming months. This is largely because this type of mixed-use property is technically classified as commercial rather than residential, offering landlords the opportunity to avoid the three per cent surcharge in stamp duty.
If you’re looking at the best way to invest in the Leicester property market, the sales team at Keywest is on hand to help. Our superior market knowledge and constantly updated listings of opportunities can make it as easy as possible to add to your portfolio or make your first buy-to-let investment.
Once we have helped to find your perfect property, don’t forget we also offer first-class landlord and property management services to ensure that your investment is always in the safest possible hands.
Our expert team at Keywest is perfectly placed to help you find the right investment for you, whether you want a single buy-to-let opportunity, a complete portfolio or your next dream home for yourself. To find out more, simply get in touch with us today, call 01162 544 555.
