We will source from a suite of lenders and compare products to ensure you have the best mortgages that suits your individual circumstances. We understand we understand that you will need to maximise your income and ensure the right product to help you grow your investment portfolio. Our advisors will understand your needs whether you are looking for that 1-time investment, or to build a portfolio of properties, you can let our advisors guide you. They will search the market for leading buy to let products that offer some of the lowest rates in history. They might also be able to find you a fee-free product where no costs will apply as the lender will pay all the fees for you.
In 2008 a lot of people left the market and a few limped on since then as many found it very demanding to be a landlord. This does leave the market open for serious investors who can work and think strategically to build up a business. This page will be very useful to you if you are thinking about investing in property. A buy to let property needs to have a different mortgage as you can’t use a conventional mortgage or insurance for a property you are going to rent out. A mortgage for rental property will typically have a much higher interest rate compared to a residential mortgage, this shows that banks are interested in serious investors who can put down a higher percentage of the value of the property.
One aspect that will make life easier for the purchaser is that the buy to let mortgage are often interest only. This means that each monthly repayment only covers the interest on the property, then the capital can be paid back by selling the property and any profits can be retained by the seller. When you go and visit the bank they will see you as a business partner, one which it hopes will be fit, healthy and alive towards the end of the agreement. Thye will also expect the landlord to take on a bulk of the liability, this means that if you are going into the letting business, you need to make sure you have a viable business plan, you need to know if you are targeting professionals, students, married couples or commuters? If you don’t have a niche market in mind you will want to have one before proceeding any further.
If you want to find out more about this please make sure you get in contact with our team and we will help you to get ready to invest in property.