Are you a first time investor who would like some help to guide you through the financial minefield and how you should approach your first purchase ?
Let us, with our experience of the market, help and guide you to the right plan for you.
For the full time landlord who is looking to build and expand his portfolio of properties, we have a number of specialist lenders where we can revalue and release equity for further purchases.
If you are looking to purchase and would like to know if the funds are available in advance, we can offer you an agreement in principal whereby a full credit check and credit score is carried out before you purchase, to give you the comfort of knowing your mortgage will be in place.
As an Independent Financial Advisor we have access to all lending sources and have the benefit of exclusive schemes not available on the High Street or to the general public direct.
We are always trying to build better relationships with our lenders to try and see how we can help you with that enquiry that may be a little different or a stretch beyond normal lending terms.
We are here to help and advise and we just hate to say - No!
We welcome your enquiries.
If you are looking at buy to let properties for an investment opportunity then we can help, we can help you with buy to let mortgages and can assist you with letting the property to buy. We can find you the best rate on buy to let mortgage, just give us a call or chat to our advisers online.
Buying a property to let can benefit the landlord in 2 ways. Firstly, it can provide a stream of income. Secondly, most Buy to Let landlords purchase property because of the potential for long-term accumulation of capital growth. We can provide guidance about how to take out a successful buy to let mortgage, the pitfalls that may occur and the knowledge needed to avoid them.
- Buy to let with bad poor or low credit
- Let to buy your property
- Buy to let London
Buy to Let Mortgages are the type of mortgage specifically designed for those looking to invest in the property market by purchasing property to let out, from houses to apartments. A buy to let mortgage will provide great investment providing research is done. The owner of a buy to let mortgage can benefit from appreciation in the capital value within the house/apartments itself. Buy to Let has been booming over the past year with millions joining the buy to let market to profit as the UK rental accomodation demand increases.
Buy to Let owners can benefit with a buy to let mortgage, appreciation could be enough to fund the mortgage repayments aswell as maintaining the property.
Buy to Let Mortgages vary from what came before by specifically allowing the rental revenue to be considered as income when considering the ability of the buyer to meet the ongoing mortgage payments. Buy to let mortgages are comparable to standard residential mortgages, as the owner may choose to inhabit the property.
Buy to let lending can be funded up to around 80% of the property value, the term of a buy to let mortgage can range in the region of 5 - 45 years. The interest rates on buy to let property are usually slightly higher then that of a standard residential mortgage.
It is essential to research the market before taking that first dive in, you should know the market in which you will try to make your property available to tenants as rental accomodation, and researching the area is not a bad idea either. An independant financial adviser or a letting agent who knows the area well, may be able to give you insight into the demand for accomodation aswell as any pitfalls that may reside. By planning in detail step by step and researching the market, you could be in for a profitable run. When considering a buy to let, it may be wise to choose a property that requires little maintenance, is in an ideal location and can appeal to tenants, and keep focused on buying in an area that is popular for accomodation demand.
In the buy to let market, it is essential to avoid any flat spots in renting, while your not renting, you are most probably out of pocket, make your accomodation appeal to attract as many people to rent, and between tenants make the time span as short as possible to avoid loss of appreciation. Insurance for buy to let contingencies is now available, we can help you arrange the buy to let mortgage aswell as insurance products.
Many high street banks and building societies now offer a buy to let mortgage product. An independent mortgage broker will also be able to recommend mortgage arrangements which are not available on the high street and which will more perfectly meet your buy-to-let mortgage requirements such as having bad credit.
Remember with buy to let, there are additional costs that are typically involved with maintaining the property and providing it with heat, electricity and gas.
Some of the additional costs are as follows.
- Maintenance of the property and its upkeep.
- Letting agent costs, additional charges for finding and vetting possible tenants.
- Ground rent and/or service charges applicable to leasehold properties.
- Insurance, to cover any contingencies, or to help evict the tenant in case of non payment etc.
- Insurance to protect the property and its contents.
- Property furnishing, such as chairs, sofas, tables and appliances.
- Home appliances, to ensure the maintenance and testing of home items and appliances
- Costs of decorating and maintaining the properties image and interior.
