More first-time buyers are investing in buy-to-let properties More first-time buyers are investing in buy-to-let properties

More first-time buyers are investing in buy-to-let properties

Figures from an independent finance broker have revealed a 5% increase in the number of first-time buyers applying to purchase a property on a buy-to-let basis, rather than as a home to live in.

No. 1492 from our magazine|2 min read| Published in Magazine on 30 June 2022 by our Marketing Team
This article is over 4 years old

 
The shortage of properties on the market means the types of homes many people are looking for are simply not available to buy at the moment. By getting a foot on the ladder with a buy-to-let opportunity, lots of first-time buyers are choosing to invest in property, without the need for a house to be their home.
 
It has been estimated that 275,600 buy-to-let mortgages were approved in the 12 months prior to February 2022, which is the highest it has been since 2016.
 
If you are considering a buy-to-let opportunity as your first step onto the property ladder, get in touch for advice from our expert team.
 
*Property Reporter

This article was originally published by BriefYourMarket and is reproduced here with their permission.

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