'Do your research' before applying for a buy to let mortgage

20 November 2009

Written by Michael Aglony

Those who are thinking about getting a buy to let mortgage would do well to research a number of providers before making a commitment, according to an Assetz investment consultant.

Dan Sawyer commented that any prospective buy to let mortgage holders considering using a property investment company would do well to first investigate their track record.

"It is very important that investors go with a good reputable company and just do your research on that company," he emphasised. "Make sure that the properties are what they say they are."

Mr Sawyer added that as the economy continues to recover, there are likely to be a number of new property investment firms "sprouting up" and cautioned prospective buy to let investors that it is important to consider their options carefully in an unregulated market.

Earlier this month, Moneyfacts alluded to signs of recovery in the buy to let mortgage market, but most landlords still need a deposit of at least 20 per cent to take out this type of financial product.

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