Author Archives: Peter Daas

When the housing market crashed a couple of years ago, it took with it another type of property development. Since the mid’90s, banks have been willing to make a special kind of mortgage loan known as buy to let mortgages. These loans are for properties the buyer intends to rent out and the repayments are calculated based the projected rental earnings for the property rather than the wages and earning of the buyer. With the recent housing market problems these loans seem to disappear and nobody was able to get one. However, banks are once again starting to make some buy to let loans, and allowing property owners to also have a buy to let remortgage as well. Continue reading →