Buying to Let
If you are new to buy-to-let, what do you know about the market? Do you know the risks, as well as the benefits?
Make sure buy-to-let is the investment you want.
Investing in buy-to-let involves committing tens of thousands of pounds to a property and typically taking out a mortgage.
Property investing has paid off handsomely for many people, both in terms of income and capital gains but it is essential that you go into it with your eyes wide open, acknowledging the potential advantages and disadvantages.
If you know someone who has invested in buy-to-let or let a property before, ask them about their experiences – warts and all.
The more knowledge you have and the more research you do, the better the chance of your investment paying off.
Before you think about looking around properties sit down with a pen and paper and write down the cost of houses you are looking at and the rent you are likely to get.
Once you have the mortgage rate and likely rent sorted then you must be clinical in deciding whether your investment works out?
Don’t forget to factor in maintenance costs.
What will happen if the property sits empty for a month or two?
These are all things to consider. Make sure you know how much the mortgage repayments will be.
We can help you at every stage
We offer expert help on all your property needs, all under the one roof. Our recommendation services include qualified Surveyors, Conveyancing, Independent Mortgage Advisers and local property experts specialising in Lettings.