Buy to Let Mortgage
Thinking of a Buy To Let Mortgage?
Got money lying dormant in your property?
Have you ever given much thought as to how you can achieve financial security for yourself and maybe even for your family? Have you ever wished you could pay off your mortgage much sooner – maybe even in half the time? Ever stopped to think that you may not have enough disposable income to achieve all of this? Are you dissatisfied with pensions and investments but wondered what the alternatives are?
Well, if you’ve got money lying dormant in your property, then you too could have an investment property and this may be just the answer to all of these questions. |
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Why not use other people’s money (i.e. tenants) to pay for your future financial security? In most cases the mortgage is covered by the rent. Consideration should be taken should you not have a tenant and also maintenance costs of the property. But at least by owning the property it is you who is enjoying capital growth over the years. In general terms, all you need is 20% equity in your property to get started.
If you are looking into starting an investment property portfolio, it is important that you do as much research as possible. It is very easy to be lead into paying a lot of money to attend property seminars and often this can be a teaser to eventually make you join a very expensive investment property club. With the right information and guidance, you can learn everything you need to know about investing in property and buy to let without it costing you a penny. Finding the right company with specialists in this field is one of the best ways to get started.
The founders of Independent Mortgage Advisory Service Limited have been involved with property investors for more than 19 years and have identified a niche in the market place for the increasing numbers of “buy to letters” and have helped amateur property investors develop into fully fledged profitable landlords.
When you consider that property prices have historically doubled every 10-15 years it is always the right time to invest in property. If you are prepared to commit to the long term, talk to us now. Don’t wait any longer
The University of Reading Business School forecast an average growth in numbers of Buy to Let tenancies of 20-30,000 a year over the next ten years. Survey conducted by Reading Business School November 2006
In a recent study by The Property Investor Show, figures suggested that 62.7% of people are planning to purchase a buy to let property within the next year whilst 23.5% plan to sell. Despite the market stabilizing in recent months, the buy to let market continues to be a firm choice for long term investors. The main reason for this is what other options do investors have?
Survey conducted by The Property Investor Show February 2007
- Products are available up to 90% loan to value [LTV]
- Can be set up on interest only or repayment
- Lending is NOT ALWAYS based on potential rental
- Generally no proof of income required
- Rates are generally slightly higher, although options of discounts and fixed rates are available.
- Becoming a private landlord is not a short cut to making money, but can enhance your options and add value to your investment strategy.
- Rental potential in many cases will match the mortgage payments and in some cases exceed the monthly mortgage payments and in some cases it will be less.
- Opportunities for capital appreciation and a reducing mortgage have the potential to increase the equity gap making the Buy To Let market place one of interest.
- Be warned, there are costs in maintaining the property’s upkeep, letting fees, insurance, furnishings, utility costs and decoration etc
THINK CAREFULLY BEFORE SECURING OTHER DEBTS AGAINST YOUR HOME. YOUR HOME MAY BE REPOSSESSED IF YOU DO NOT KEEP UP REPAYMENTS ON YOUR MORTGAGE.