Number of BTL deals for first-time landlords soaring

Moneyfacts today revealed that the number of buy-to-let deals available to first-time landlords has risen by 13%, up from 574 in April to 664 today, arguably as a result of the new pension freedoms.  Charlotte Nelson, finance expert at Moneyfacts commented that “with high rents and mortgage rates at record lows, the potential for big returns is high” but did caution that “it is essential for those thinking about a buy-to-let mortgage … to seek the advice of a financial adviser to see if this is the best route for them.”

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