Buy To Let Mortgages For New Builds
New-builds can be an attractive proposition, with a new home often needing minimal maintenance, and coming ready to move into.
Many landlords also prefer to invest in new-builds as a buy-to-let property, with the lower costs required to maintain the residence, making it a more profitable proposition than an older home
Revolution Brokers are experienced in the new-build property market. We work with clients both selling, buying and developing new properties to ensure that your mortgage lending offers you the most competitive deals on the market.
Let's take a look at investing in a new-build property, how mortgages for this type of buy-to-let work, and the key considerations to keep in mind.
If you need more detailed support, or tailored advice to support your portfolio expansion or first rental investment property, give us a call on 0330 304 3040 or drop us a message at [email protected].
We'll get you on the right track to securing the mortgage lending you need.
Is It Easy to Get A Buy to Let Mortgage New Build Borrowing Facility?
Mortgages are available for all types of property, including new-builds.
Some mainstream lenders shy away from this side of the market, in which case your best bet is to use a mortgage provider who is experienced in new-build properties.
Buy to let new homes offer a range of benefits to investment landlords:
- They are energy-efficient and cheaper to run.
- There is less maintenance work required.
- Most properties won't require any development or refurbishments.
- They can immediately start generating rental income.
Some investors purchase buy-to-let properties off-plan. That means buying from the developer or the builder before the property has finished being built.
This option can be cost-effective, since the property may increase in value in the time between the investment and the building work being finished, and also because many developers offer discounts.
They have the benefit of having an upfront investment to cover some of the construction costs, and the landlord often receives a discount of up to 5%.
However, there are risks to buying off-plan since the development won't have yet been completed. You are dependent on the construction finishing on time and being to the expected quality.
There is also the potential that property prices could dip before the building work has completed.
2023-05-09 
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