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Buy to Let is a big investment that will tie up your money in the long term. |
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Have realistic expectations. |
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Ensure that your rental income covers your mortgage payments and other costs. |
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Be aware of the tax implications when deciding to purchase and rent out a property. |
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Think about the unexpected – keep reserves aside to cover expenses such as fees, charges or repairs, or having to cover the mortgage if your property is unoccupied for a period of time. |
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Decide whether you will manage the rental of your property yourself or if you will use a rental agency. |
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Make sure that you are happy with your choice of location and that you have good rental opportunities in your chosen area. |
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Arm yourself with all the knowledge you require on the safety and legal aspects of renting a property. |
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Find out about Assured Tenancy Agreements, as most lenders will expect you to have these. |
For professional advice about competitive buy to let mortgage please
visit our corporate web site www.homebankfs.com
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The guidance and/or advice contained within the website is subject to the UK regulatory regime and is therefore primarily targeted at customers in the UK.
Homebank Financial Services Limited is an appointed representative of The Willow Tree Management Company UK Ltd which is authorised and 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 your mortgage or other loans secured on it.
For mortgage related services the fee will typically be 1.79% of the mortgage advance applied for, minimum fee of �750. In addition, there may be a valuation administration fee of up to 0.7% of the loan amount. For example if you take out a loan of £50,000 you will need to pay a total of up to £1,245; comprising of the broker fee of £895 and the valuation administration fee of up to £350. This in addition to any commission we may recieve from the lender. Broker fees may be added to the mortgage.
Not all Buy To Let mortgages are regulated by the Financial Services Authority
Adverse Credit - The overall rate for comparison is 9.2% APR. The actual rate available will depend upon your circumstances. Ask for a Key Facts Illustration
Right To Buy Mortgages - The overall rate for comparison is 8.9% APR. The actual rate available will depend upon your circumstances. Ask for a Key Facts Illustration
CURRENCY MORTGAGES - CHANGES IN THE EXCHANGE RATE MAY INCREASE THE STERLING VALUE OF YOUR DEBT.
Homebank Financial Services Limited is entered on the FSA register under reference
number 464724, as an appointed representative of The Willow Tree Management
Company UK Ltd, who are also registered under the FSA register under reference
number 310569.
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