Investments Into Property

Are you looking to make investments into property? At Barrett Mortgages, we can help you to make the right choices along the road of investments to make sure that you are investing in the right area and property. We will also make sure that you have the best buy to let deal that allows you to have a bigger profit margin so you can save for another investment if you wish to. Back in 2008 a lot of people left the buy to let market realising that being a landlord was often quite demanding. But there is still a place for serious people who want to take out a buy to let mortgage on properties. If you would like to invest in property and think strategically to build up a business, this page is for you.

With a buy to let property the finance is different to a normal residential home and will typically have a much higher interest rate than a residential mortgage, the loan to value percentage, is higher for a buy to let property. This shows that banks are interested in lending to serious investors who can have a higher percentage of the value of the property themselves. If you are looking to turn a residential property into a buy to let you will need to switch the mortgage over from a regular residential mortgage to a buy to let mortgage. There is one good aspect of the buy to let mortgage and it is that most of the time they are interest only. This means that the monthly repayments will just cover the interest on the property and not pay back the capital loan. When the agreement comes to an end you can sell the property to repay the lender and you can retain any profits made. This is why it is important to make a good investment decision so that you are able to make a bit of extra profit and not have negative equity.

More About Investments Into Property

When you go to the bank and ask for the funds for your investment, they will see you as a business partner; One they hope will be fit, healthy and alive towards the end of the agreement. You will need to come up with a good business plan as the risk-averse banking sector is no longer throwing money at house buyers. Not only will you need to have the bulk of the liability and be responsible to the bank but you will also be responsible to the local authorities. Your property will need to reach a basic level of safety, hygiene and energy efficiency. It might be worth consulting your council’s housing department for further advice on your legal requirements.

Our team is always looking out for you and wants to find you the best deal possible. Buy to let mortgages aren’t the only find we can help you with. We can help you with any mortgage that you are looking to take out and our team can give you the right advice and guidance to ensure that you get the best deal possible. Are you fed up with the high pressured sale tactics of the large corporates, We promise no pushy hard sale tactics from our team members. Barrett Mortgages was set up by founder Darren Barrett in 2009, this was during some of the hardest market conditions the industry has seen. Our unparalleled, clear, trustworthy, honest and upfront service offered by Barrett Mortgages has meant our business has thrived during these times when clients have needed more individual and specialist help.

If you are interested in our help and guidance please make sure you get in contact with us.