Are Buy To Let Remortgages Better Than Selling?
Buy to let remortgage is now gaining popularity in the UK as the average house price is increasing constantly and the tenant demand is also growing. Lenders are taking advantage of this trend and are offering many new buy to let remortgage and mortgage schemes. The lenders are reducing their requirements of rental criteria and lowering the Loan to Value ratio to 65% instead of the earlier 85%. These incentives are all part of the product flexibility that the lenders are innovating in order to boost buy to let remortgage. The lenders with remortgage packages are also luring property owners with less than perfect credit rating and an adverse credit history, although to a limited extent. Buy To Let Remortgage vs Selling The Property If the value of your property is increasing and if it has reached a certain level where you feel that it will give you plenty of surplus money by selling it, should you sell it or go in for a buy to let remortgage. It is worth analysing this aspect in detail.
