Re: Buy to let mortgages and renting flats for income - anyone got experience of this?
Posted by monica
September 04, 12:08PM
Iv had a BTL for about 10 years now. My initial marital home which is in the Croydon area, is now a rental. Iv been lucky in the sense that I bought when the prices were low, back in 2002. I had a BTL in Dulwich, again initially started as my home, which helps with capital gains if we were to sell it anytime in the future.
I would do some more research and talk to different brokers. At the moment the market is very advantageous for the landlord, due to everything we have gone through in lockdown. My current tenants have had to move out of London due to work, when i advertised my rental, I had over 60 applicants interested and various councils approaching me, re letting to them on a long term lease.
There are competitive BTL deals. Check out Metro Bank.