Buy to let mortgages 'a great source of income' - buy to let mortgages

27 July 2009

Buy to let mortgages are still perceived as "a great way to make steady income" despite the turbulent economy, reports Beacon Financial Training.

The training provider notes that investors are not shying away from buy to let mortgages, as many still see them as a source of significant earnings.

Meanwhile, other investments - such as savings accounts - are currently paying relatively little in a historically low interest rate environment.

According to Beacon Financial Training, a rate of return of ten per cent per year is still realistic for landlords who calculate their expected yield before purchasing a property.

"Buy to let mortgages are still highly profitable if the figures are calculated properly," the organisation advises.

Investors are told to consider the elements that go into renting a property - including its location and the type of tenant that is likely to occupy it - to maximise their chance of a return.

Beacon Financial Training previously advised that a "consent to lease" can allow those moving back in with their parents to obtain permission to convert their mortgage into a buy to let mortgage and earn a rental income.

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