Well I think it is! If you have enough spare cash to invest in a buy to let property, I firmly believe that now is an excellent time to make an investment in the rental property market, not only because buy to let market is always a great investment, but because mortgage interest rates continue to remain at an all-time low.
I checked out some of the big lenders last week and I can see that there are some excellent buy to let mortgage deals on offer to potential landlords, so if you are due to remortgage your existing property, it might be a really good idea to consider making the leap into the property rental market.
Why will remortgaging my home help?
Lots of us are lazy when it comes to remortgaging our properties—I know I have missed the boat on occasion and consequently ended up paying far more than I needed to when my introductory rate ended and my mortgage reverted back to a higher base rate. But by being a little more financially astute, you can take advantage of a great remortgage deal, free up some cash, and use this as a deposit on a buy to let property.
Building a buy to let investment portfolio has proved very successful for me and the signs are good that the rental market will continue to increase as more and more people choose to rent rather than buy. So with buy to let deals so competitive and interest rates so low, so what are you waiting for?
