Not all investors in the UK are satisfied with the loan terms

Despite the fact that UK banks have recently launched a new mortgage program for those investors who purchase property in the UK with the aim of renting, three-quarters of homeowners believe that banks do not provide them with sufficient support.

Only 17% said that they are satisfied with the terms suggested by the banks, according to a study conducted by the Agency of the real estate Property Let By Us.

According to the study, 87% of homeowners believe that mortgage rates are too high, and only 13% considers the rates reasonable.

However, lenders do try to support borrowers “buy to let” , offering them new interesting mortgage products lending. The range of mortgage products available for this category of borrowers, the wide and varied since the crisis of 2007.

Standard investor “Buy to let” believes that the rent should cover 125% of his monthly payments, and additionally charges the tenants a fairly large Deposit. Landlords also complain about the cost of a mortgage loan. Banks often only for registration of the mortgage contract charge £2000 pounds.

Among mortgage products on offer should highlight those offered by the company Principality Building Society . When one makes the Deposit in the amount of 40% rate on the loan will be 2.2% and the cost of registration is £994 of a pound. Just a loan of £150000 will be paid £7594 pound per cent is a pretty modest amount, barely ahead of inflation.

® Alice Morgan 03.02.2015,

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