buytolet

Mark Morris trading as Wise Move Mortgages is an appointed representative of First Complete Limited, which is authorised and regulated by the Financial Services Authority, for advising on and arranging mortgages, pure protection products and accident, sickness, unemployment, buildings and contents insurances.

Buying a property to let can benefit the private landlord in two ways. Firstly, it can provide a stream of income. Secondly, many Buy to Let landlords purchase property because of the potential for long-term accumulation of capital growth. Wisemove Mortgages can advise you on how to take out a successful buy to let mortgage, the pitfalls that may occur and the knowledge needed to avoid them. Bear in mind here are 3 main differences in Buy To Let mortgages: Rent Potential - the decision as to whether or not a mortgage will be offered is usually based on the rent you will earn as well as your income.
Interest Rate - buy to let mortgages have slightly higher interest rates.
Finally, a typically a minimum of 20% or 25% of the property's value is required as a deposit.
Becoming a private landlord should not be seen as an easy way of making easy money. It can be riskier and more complicated and there is no guarantee that house prices will continue to rise. That said it could reap considerable financial rewards. Contact us for more information.