BUY TO LET Property
Some important points you may wish to research or consider :-
- What the “true value” of a property is & how to research this.
- Buying in the right location.
- Why Rental Assessments are so important.
- Not doing it yourself and paying professionals.
- Not remortgaging / refinancing as soon as possible.
- Not understanding the effects of capital growth and cash flow on your portfolio.
Your Buy to let property may be repossessed if you do not keep up repayments on your mortgage.
In general Buy to Let mortgages are not regulated by the Financial Services Authority.
Think carefully before securing other debts against your home. Your home may be repossessed if you do not keep up repayments on a mortgage or any other debt secured on it.
There may be a broker fee payable. The precise amount will depend on your circumstances but typically will be 2% of the loan amount payable on completion.. An additional fee of £95.00 may be charged when submitting your case to the lender. There is no initial consultation fee payable.
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The guidance and/or advice contained within this website is subject to the UK regulatory regime and is therefore primarily targeted at consumers based in the UK