Buy-to-Let
One of the most profitable long-term investments can be purchasing property. Buying a property to let has the opportunity of providing an income in the form of rent. It may also be an asset that can increase in value over the longer term. Since not everyone has the income required to purchase rental properties outright, buy to let mortgages makes this opportunity feasible.
Buy to let mortgages are ideal for property investors. There are a few differences in a traditional mortgage and a buy to let mortgage. With a buy to let mortgage, the income received from rent is used to make the mortgage payments. The monthly rental income usually pays for the mortgage and the income received from the rental property is figured in to the borrower’s ability to repay the mortgage.
The long term benefits of a Buy To Let Property are that after the mortgage is completely paid, the property is yours, as an investor you could choose to continue to rent the property for the monthly income and if you choose to do this the income belongs to you. At this time you may also decide to sell your investment for the benefit of a lump sum of money.
However, Buy to Let is not without its risks. While history has shown that in the long-term house prices do outstrip inflation, there have been periods of significant house price falls. Rental Income can also vary and may be less than expected, and therefore careful choice of location and property is needed.
Make sure you obtain professional advice from Watts Mortgage & Financial Services Ltd prior to deciding how to proceed with a buy to let mortgage. Our team of specialist advisors have a wealth of experience dealing with clients who may purchase one or two properties to clients who have large portfolios, so whatever your need is today call one of or team and one of our Team will contact you directly.
Always get independent advice on these products! To speak to one of our independent FSA (Financial Services Authority) regulated mortgage advisors now call 01270 620555 or email us at .(JavaScript must be enabled to view this email address)
Your property may be repossessed if you do not keep up repayments on a mortgage or any other debt secured on it.
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Your initial mortgage consultation is obligation free. There will be a fee for mortgage advice of £495 of which £95 is payable when you apply, and we retain the commission from the mortgage lender. Alternatively, you can choose the fee only option which is typically 1% of the amount borrowed. The precise amount will depend on your circumstances and mortgage loan amount, and will be discussed and agreed before you make a mortgage application.
Testimonial
“As a property developer it is paramount to me that the people I deal with always provide me with a first class service. Andrew and his team at Watts have always delivered on this, providing me with expert advice in a professional and efficient manner.” Mr J Beeson
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