The Homebank Financial Services Limited 10 Step Guide to Successfully Buying to Let :
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Decide what sort of property you would like to buy and where – visit Estate Agents in that area. |
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Ask the Estate Agents as many questions as possible in order to assess the state of the lettings market and to discover what kind of properties are in demand. You can then begin house-hunting! |
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Call Homebank Financial Services on 0800 052 3604 (quote ref: HB/BTL/WEB) to make an appointment with a professional, friendly and informative advisor who is local to you. Talking to one of our advisors early in the game can ensure that we find the best deal for you by sourcing all the deals from our panel of lenders. And, as our advisors are specialists in the buy to let field, we are confident of sourcing the ideal, and most up to date, competitive rates. |
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When you have found the right property, make an offer! |
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If your offer is accepted, you will have to appoint a licensed surveyor and a solicitor to deal with the legal and financial paperwork. One of the many advantages of using Homebank is that we can arrange a licensed surveyor and solicitor to deal with this, which means that we can chase the developments of these proceedings on a regular basis. |
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You will also need to have your property surveyed and valued (this is also something that we can arrange for you). Once this is done, you can move on to finalising your mortgage arrangements with the lender. |
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Once the property is yours you will have to decide how you want the property managed – will you be managing it yourself or would you prefer to hand it over to a letting agent? |
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If the house needs renovating/decorating in any way, it is advisable to get these done as soon as possible. |
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Decide whether you want to let the property furnished or not – if you do want to furnish it is a good idea to invest in solid furniture that will last and look good for a long time (auctions and house clearance sales are a great place to source such furniture). |
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Ensure that all terms of the contract are clear to tenants before they move in. This will avoid any possible complications in the future. |
Take the right step and to find the right buy to let mortgage advice contact Homebank today on 0800 052 3604 or Click Here to fill in our enquiry form.
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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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