United Kingdom.
Mortgage rate - The UK property market has slowed somewhat over the last year, as uncertainty continues around Brexit. Despite this, property prices are still just about on the rise. In January 2019, average house prices increased by 0.1 %, to reach £211,966.The cheapest deals are generally available to buyers with a deposit of at least 40 %, though it’s possible to secure a mortgage rate of below 2 % on a loan of up to 90 % of the value of a property. 100 % mortgages don’t currently exist in the UK, though there are some no-deposit products that require a parent or family member to act as a guarantor.
If you’re considering investing in a buy-to-let property, you’ll find attractive mortgage rates of around 3-3.5 %, but you’ll need to familiarise yourself with the various taxation rules around property investment, including the 3 % stamp duty surcharge.Generally speaking, buy-to-let mortgages involve more stringent affordability testing, so you may need a bigger deposit than if you were buying an owner-occupier property.
Dostları ilə paylaş: |
