Types of Buy to Let Mortgages
Since the buy to let market has seen some considerable growth, it is only natural that many new institutional players have entered the market apart from the existing investors, and the investors are being offered numerous products of various kinds. More credit-lending entities like building societies and banks are working side by side the professional lenders in the sector..
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It has been a norm in the buy to let mortgages that they are issued on variable rates, but as the market has seen some growth, different products have been introduced to the investors, and fixed rate mortgages, flexible mortgages and other discounts and trackers have also been made available.
This offers some choice to the investors, but for starters, the best deal is a fixed rate mortgage to be sure that you will be operating within your budget. Mostly mortgages are executed through intermediaries and mortgage brokers, so you may want to hire a reliable mortgage broker to help you with the needful.
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