Do you want to start investing in property but don’t know the best way of doing it? We can source from a suite of lenders and compare products to ensure you have the best mortgage that suits your individual circumstances. We understand investors need to maximise 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. Let our experts guide you with buy to let advice Poole.
In 2008 a lot of people within the market for buy to let left as they found out that being a landlord is quite demanding, there is still a place for serious buy to letters out there who can work and think strategically to build up a business. If you are thinking about it as an investment strategy for the future, this page will help you. With a buy to let property, you cannot use a conventional mortgage or insurance you have to get specific products for your property. These mortgages typically have much higher interest rates and this means that banks are interested in investors who can put more value of the property down themselves. One aspect of a buy to let mortgages that can help the purchaser is that they are interest-only. This means that each monthly repayment covers just the interest payment and not the loan capital, the capital can then be paid back by selling the property and the seller can retain any profits made.
This presumes that you will make a profit on the property and a poor purchasing decision can leave you with negative equity. This means that you need a good and viable business plan otherwise the bank won’t lend you the money that you need, knowing your target audience will determine where and what you buy. When you have a rental property you will be responsible for the local authority as well as the bank, your rental property has to reach a basic level of safety, hygiene and energy efficiency. It is worth getting in contact with your council’s housing department for further advice on the legal requirements before you proceed.
We are a professional finance broker that can help with buy to let advice Poole; We have offices in Poole, Dorset. Providing mortgages for everyone. Lots of people are fed up with the high pressured sales tactics that large corporates often use, we were founded by Darren Barrett to offer a service that thrives under the need of clients that want more individual and specialist help. All staff are fully qualified, experienced and chosen based on their keenness to provide the best possible experience for our customers. We promise no pushy hard sales tactics and have built a strong reputation which is important as we rely heavily on referrals from clients.
We have many mortgages that we can give you advice on if you need our help please get in contact with buy to let advice Poole.