Author: Alex Bailey

New rules on borrowing for portfolio buy-to-let investors

From the 30th September this year, landlords with four or more buy-to-let properties will have to satisfy different criteria to secure mortgage borrowing, as they will be considered ‘portfolio investors’ under new rules being introduced by the Prudential Regulation Authority.

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A well presented extended three bedroom property which provides spacious accommodation throughout

New to the market!

This three bedroom semi-detached property offers spacious accommodation throughout, with the potential to add a fourth bedroom on the ground floor it is perfect for a modern family. With well presented rooms and rear garden this property won’t be on the market long.

To the ground floor this property compromises in brief; entrance hallway, lounge, study/fourth bedroom and a large kitchen/breakfast room great for entertaining.

The first floor then reveals three well proportioned bedrooms and family bathroom.

Externally this property offers a good sized rear garden. There is also potential to create off road parking at the front of the property.

The potential yield for this property is 6.4% which is based on the rental figure of £750 pcm. Situated near Bredbury train station, local amenities and the M60 motorway, this property is ideally located and would attract a lot of families.

Currently on the market with Edward Mellor, Woodley and Bridgfords, Stockport for £139,950.

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Today’s best BTL mortgage deal!

At 75% LTV 1.99% – 2yr Discount – £1,395 terms and conditions apply.

For more details and advice about BTL mortgages please contact Gail Norris our BTL mortgage expert on 0161 427 0755

 

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