Self Certified Buy To Let Mortgages
Self Certified Buy To Let Mortgages | The Landlord's Best Choice
According to the latest research, a third of all current UK landlords are experiencing rapid growth, with a further 60% experiencing good to strong growth**. Couple this with growing difficulties for potential first-time buyers and a burgeoning immigrant population and it's clear to see it couldn't be a better time to get in the rental game and take out self certified buy to let mortgages.
Maybe you already know about these statistics as you are a professional landlord who makes their money in the rental sector. And as a professional landlord, you also know that making money is reliant on a good mortgage - so why not remortgage with self certification buy to let mortgages? It may be difficult to prove revenue with many properties, or you may have another job completely separate from your buy to let business - so declare yourself self cert and see how you could find yourself cheaper, bigger mortgages with self certified buy to let mortgages.
Also, with self certified buy to let mortgages there is great flexibility for professional landlords. Maybe you have numerous properties and would like the mortgages to be 'grouped' together for ease and efficiency. Or maybe you need to consolidate debts or even raise funds for improvements on your current properties. Maybe you are even planning to expand and buy more properties to add to your portfolio - Whatever your needs, self certified buy to let mortgages can work for you.
If you already have a job, but think you could earn a little extra each month with your own rental property, self certification buy to let mortgages are the perfect choice. As someone with multiple income streams you 
can be considered self cert, so you could get a better mortgage, faster. If you have clean credit and a good plan of action there is no reason why self certified buy to let mortgages can't start making you some serious profits.
Tricky business
Although it's a great way to make money, being a self cert landlord isn't all a breeze. If you are planning to take out self certified buy to let mortgages, talk to an adviser first. Managing several mortgages can be a tricky job, as can managing self certified buy to let mortgages as a second job. There is a lot to consider - rental income, costs, bills - and of course being approved for self certified buy to let mortgages in the first place. Credit is being squeezed ever tighter in this credit crunch era, so an adviser is crucial if you want your buy to let dreams come to fruition.
**Buy to let research by Paragon Mortgages, April 2008
*In general buy to let mortgages are not regulated by the Financial Services Authority.
