With low mortgage interest rates available, more flexible access to pensions and dramatic growth in the private rental sector, now is the time to make a buy-to-let property investment.
Interest rates are low
Interest rates in the UK are at their lowest level in recent history, set at 0.25% by the Bank of England. And, with lenders competing in the marketplace, mortgage rates are highly competitive.1
However, borrowing may not remain this attractive forever. Getting a mortgage on an investment property now means you could take advantage of low interest rates. And, if you fix your mortgage repayments, you’ve got the added reassurance of knowing what your repayments will be, even if the base rate goes up.
Rents have been increasing
While mortgage rates are at their lowest in recent times,2 UK rents continue to rise in almost every area of the country.3 With a buoyant private rental market, a brand new buy-to-let investment is an increasingly attractive prospect. At Barratt, we’ll help make the whole process of buying and letting as simple as possible.
Property values have been going up
The demand for property in the UK continues to outstrip supply. The average house in Britain will be worth £220,000 this year - up £9,000 on 20164 - which, combined with the low cost of borrowing, could make buying an additional property not only more affordable, but also a great investment for the future.
Why invest in Barratt London
Award-winning quality and design, complete with a ten-year structural *NHBC Buildmark warranty and on-site property management, make investing with Barratt London the smart choice.
NB: Barratt London does not offer financial or legal advice. We would recommend that customers take financial advice specific to their circumstances before taking any action.