Buy-to-let investors benefit from mortgage advice

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by Gill Montia

An independent survey conducted for The Money Centre has found that the majority (53%) of buy-to-let investors do not consult an independent mortgage adviser when buying a property.

However, the 47% that do go for financial advice are confident that their advisors save them both time and money.

The broker has found that 45% of landlords arrange their buy-to-let mortgages via an intermediary, while 47% at least speak to an advisor to discuss lenders for new properties.

Thirty-eight per cent of respondent said their advisors came up with new mortgage deals and 32% believe that this means they are borrowing at the best value available.

Lynsey Sweales, marketing and PR director at The Money Centre, said: “Decisions over your finances shouldn’t be taken lightly, so we always recommend potential and existing landlords take their time to research and plan their approach to property investment. Having a solid strategy and clear end goal is important in making the most of your investments.”