Buy-to-Let Property
Buying a property to let as a commercial enterprise has been around for a long time but it is only relatively recently that it has become within the reach of ordinary people.
In recent times the Association of Residential Letting Agents (ARLA) initiated the introduction of a new type of mortgage which not only takes into consideration the current occupational earnings of an individual but also the earning potential (rental income) of the property to be let. This means that many more people can now afford to take out an additional mortgage on an investment property. Not only is this good news for potential private landlords but it is also good news for the private rental market which in Britain lags significantly behind many other countries.