Buy To Let Investments

 

Want to know more about buy-to-let mortgages?

Buy to Let mortgages are mortgages specifically designed for people who want to invest in the property market by purchasing one or more houses and letting them out to tenants. They are also likely to cover funding for the maintenance of the property and to meet any loan repayment from the revenue realised by letting.

Buy to Let mortgages are very similar to standard mortgages for property which an owner will inhabit. The percentage which the Buy to Let lender is willing to lend is likely to be restricted to 75%-85% of the value of the property. The term of a Buy to Let mortgage is likely to be somewhere in the region of 5 to 45 years. Interest rates are also likely to be slightly higher than those which a standard mortgage attracts, and often a product is interest only.

When buying to let, it is important to know the market in which you will be trying to let your property. It may be worth getting help from a letting agent, who knows the area, what is in demand and what the likely pitfalls will be. By planning carefully and purchasing wisely, you should get a property which requires minimal maintenance and is attractive to potential tenants. Avoiding void periods ie time between tenants, where you receive no income, will be your primary concern once you have purchased the house on a buy to let basis.

Many high street banks and building societies offer a buy to let mortgage product. Independent mortgage brokers will also be able to recommend mortgage arrangements which are not available on the high street and which will meet your buy to let mortgage requirements.

Remember our first consultation is free to all.

Accredited-CQContact Mike Jones.

Tredomen tel: 01443 816400.
Email: mike@michaelleightonjones.com

Contact Hugh Lloyd Thomas.

Tredomen tel: 01443 816400.
Email: hugh.thomas@michaelleightonjones.com

Contact Sarah Hunt.

Tredomen tel: 01443 816400.
Email: sarah@michaelleightonjones.com

Contact Susan Goodland.

Bargoed tel: 01443 830228.
Email: susan@michaelleightonjones.com

Contact Michelle Randall.

Tredomen tel: 01443 816400.
Email: michelle@michaelleightonjones.com