Taking Care Of Your Investments
It is really important that landlords who are looking to purchase or remortgage Buy To Let properties seek advice from a qualified Mortgage & Protection Adviser to secure great deals. We can also advise you on which type of insurance you will need therefore securing your asset(s).
When choosing a property to let, it is wise to take advice from local letting agents to determine what types of properties are in demand. They can tell you if there is a University in the town, and if students are looking for somewhere to live and so on.
They’re often set up on an interest-only basis, which means you only make monthly interest payments each month. The outstanding loan balance – i.e. the amount you borrow – does not reduce and is paid back at the end of the mortgage term via a suitable repayment vehicle, usually the sale of the property.
Equally it is important to review your current Buy To Let mortgage portfolio. As you may be able to switch to a lower rate with a different lender in order to save money and maximise the value of your investment. As an Independent Whole Of Market Broker, we are able search the whole market and find the best solution to your needs.