How To Buy To Let In Dorset
Why should you invest in property?
If you have spare money to invest property can be one of the best ways to make passive income.
So, you are thinking about getting yourself another property to rent out for some extra cash? But the question is why? Well, you might be saving money on the side for a while and nothing really has given you the reason to spend this money so you keep saving and eventually you have got quite a considerable amount built up in your account. The problem with this is interest rates aren’t good at all in savings accounts so to make your money make more money you have to invest it into something. Some people choose to invest in stocks while others choose property, that is something we can help you with.
With property it is a really good way of making your money work for you and it offers brilliant earning opportunities if you are thinking about being a serious investor. You will also make money on the increase of house prices over time as well which will help to boost your wealth.
Benefits of Buy To Let
Offers more than just standard saving accounts interest rates
Benefit Off The Increase of House Prices
Earn More Income Each Month
Choose Who You Let To
Problems and Solutions
You have spare money in your account that is just sitting their
This money sitting around isn’t doing anything
Invest the spare money into a property and start earning extra income
How To Buy To Let In Dorset
Want to know how to make your money do the hard work for you?
A lot of people think that buying to let isn’t that good of a deal, but with the right mortgage and strategy, you can make the investment work wonders for you. Many people left the market in 2008 and only a few limped on. What people didn’t realise is that being a landlord is often quite demanding. There is still a place for serious buy to letters who can work can think strategically to build up a business.
To get yourself another property, you will need to prove to the bank that their investment is safe with you, this means knowing exactly who you are letting to, what area you are going to buy the property and your reasons behind it all. This is important as the bank won’t want you to be buying a property in an area in which your desired residents won’t want to live.
What Buy to let Mortgages can you get?
Knowing what you are able to get in important to knowing what your profit margins might be like.
With buy to let mortgages the finances are a little different to a residential mortgage, a mortgage for a rental property will typically have a much higher interest rate than a residential mortgage and the loan to value percentage is higher for a buy to let. This does show that banks are interested in lending to serious investorswho can put down a higher percenatege of the value of the property themselves. One aspect of a buy to let mortgage that can make life a little easier for the purchaser is that they are often interest only, a more traditional mortgage will also be available but will eat into your monthly income that is coming from the property.
Contact Us For How To Buy To Let In Dorset
Dorset’s residential and commercial mortgage experts.
At Barrett Mortgages, our friendly advisors are always by your side when it comes to buying and mortgaging. We are an expert mortgage brokerage offering unparalleled service to our clients and partners. Whether you are looking for the best deal for your perfect property or are having difficulty obtaining a mortgage, we are happy to help!
Have any further questions? Please feel free to get in touch with our buy to let experts by calling 01202 733809 or using our contact form. You are also welcome to pop into our office based nearby on Ashley Road in Poole, Dorset. If you want to know what our customers and clients think about our service please take a look at our Google Reviews.
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