Buy to Let Property

Buy to let property has become one of the driving forces in many peoples finances in recent years. This has happened for a number of reasons.

• Buy to let mortgages are widely available. Building societies and banks are falling over themselves to lend money to property buyers.
   
• Interest rates are low meaning you can borrow a lot for average buy to let mortgage payments.
   
• Mortgage companies have relaxed their lending rules so that you can now borrow much more than was previously available for the same rental income.
   
• Insurance companies are providing specialised buy to let policies for buy to let landlords, covering property and buildings insurance, and tenant insurance.
   
• Government is increasingly changing its pension policy and legislation in mid term, as well as at a change of government, so that many people do not trust pensions as a secure method of providing finance in their old age. Property is seen as a much more secure investment, and buy to let property pays for itself (in theory).

For some or all of the reasons above, buy to let property purchase is steadily increasing, and is driving the property market to higher levels than would normally have been expected. These market conditions have been developing ing the UK, Ireland and slowly throughout Europe and the US.