The guidance and/or advice contained within this website is subject to UK regulatory regime and is therefore targeted at consumers based in the UK only.
One of the most profitable long-term investments is purchasing property. Buying to let has the potential of providing an income in the form of rent.
It is also an asset that can easily increase in value over time. Since not everyone has the income required to purchase rental properties, buy to let mortgages makes this opportunity possible.
In the buy to let market, you purchase a property for the sole purpose of renting it out to tenants.
There are a few differences in a traditional mortgage and a buy to let mortgage. With a buy to let mortgage, the income received from rent is used to make the mortgage payments.
After the mortgage is completely paid off the property is yours and you can continue to rent the property for a monthly income. This can be an excellent investment opportunity as it can provide you with an additional income long into retirement or you could sell it and receive a large lump sum.
Once you have identified a suitable property you will need to arrange a Buy to Let mortgage.
Call us on 01625 503000, or apply here
The overall cost for comparison is 6.1% APR. The actual rate available will depend on your circumstances. Ask for a personalised illustration. Adding existing debts to your mortgage will both extend the repayment term and increase the overall cost of the debt.
There will be a fee charged for mortgage advice. Our typical fee is £2500 for all types of mortgages except Lifetime Mortgages, which will be charged at £395 + 2% of the total loan amount. Example: a £50,000 lifetime mortgage loan, the fee payable would be £395 + 2% of £50,000 (£1,000) = £1,395. All advice fees are payable upon completion. Moneypoint Finance Limited is authorised and regulated by the Financial Services Authority, and is entered on the FSA register (www.fsa.gov.uk/register/home.do) under reference 303863.
Think carefully before securing other debts against your home. Your home may be repossessed if you do not keep up repayments on your mortgage. Calls may be recorded for training and monitoring purposes.