| Buy to Let
Property has consistently shown to be a wise investment in the medium and long term. When the market is strong, significant returns can be almost immediate and even when the pace is less vigorous, growth in double digits can often be achieved on the capital sum.
Buy-to-Let was a joint initiative by the Association of Residential Letting Agents (ARLA) and the mortgage lenders. The scheme is designed to help private individuals invest in property to let without being penalised by mortgage surcharges or paying commercial rates of interest.
Will I still be able to keep the mortgage I have on my own home?
Yes, of course, the mortgage for your Buy-to-Let property will be completely separate.
Various lenders are prepared to offer between 75% and 85% of the purchase price. The mortgage company will need to know how much rent you expect to get from the property — this has to be 130% of the monthly mortgage payment.
In the past lenders expect buyers to raise a deposit of at least 25% of the purchase price, although some used to accept less. In the current financial circumstances there are fewer products on offer and it certainly pays to shop around.
One that will perform well for you in terms of both rental income and capital growth. FaulknerProperty.co.uk will advise you of the type of rental properties that are most in demand in the area where you want to buy.
By selecting property shrewdly under FaulknerProperty.co.uk guidance many of our landlords have seen combined income and capital growth giving a return in double digits per annum.
Yes. Many landlords use Buy-to-Let mortgages to buy a whole portfolio of properties.
FaulknerProperty.co.uk tenants are all fully referenced, but because even the most dependable people can encounter difficult times, we recommend landlords take out measure to safeguard their rental income. FaulknerProperty.co.uk Rental Legal Protection scheme offers probably the best guaranteed rent protection schemes on the market today. They're competitively priced and bring total peace-of-mind. To find out more about how FaulknerProperty.co.uk can help you enjoy the benefits of the Buy-to-Let scheme, contact our Rental manager on Milton Keynes 01908 321200 .
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