Buy to Lets are right for some and a good investment, over time

One such lender is BM Solutions.  Owned by the Lloyds Banking Group, BM Solutions has been at the forefront of the buy to let market for some years.  However, their appetite to lend appears to be increasing and this can only be good news for prospective borrowers.   They have recently altered their criteria and will now accept mortgage applications where landlords are letting their properties to students or tenants who are receiving benefits (including housing benefit, rent rebate or rent allowance).  Maximum number of people on an AST is five.  This is a good move and looking to assist a specific area of the Buy to Let market.

As First Time Buyers struggle to raise deposits to climb onto the property ladder and some turn to, or continue to rent, the Buy to Let market should remain buoyant for some time yet.

Generally, Buy to Let should be considered as a long term investment.  That said, it is a popular sector of the market and can provide a source of income (after expenses) and capital appreciation over time. Remember though that the value of property can fall as well as rise and you will need to take this into account in your planning.