Buy to Let is a popular option for those who would rather grow their wealth through property than shares or cash. However, if you are considering investing in property it's important to know what you’re getting into and to carefully consider the pitfalls. Like any investment, buy-to-let comes with no guarantees.
As specialists, we know the market inside out and we’ll help you get a clear understanding of the costs and risks as well as the benefits. You’ll need to take into account any tax implications and we’ll make sure you’re kept up to date on any changes to tax reliefs that could impact on your returns. You’ll need to account for legal and surveyor fees, mortgage repayments, property maintenance and ongoing costs such as council tax and insurance and factors. Weighing that up with the potential risks such as a period without tenants, a rise in interest rate or fall in property prices will determine whether or not the likely returns (or yield) is worth it.
As with any investment, you need to be clear of your goals and plan for different scenarios to make sure your investment stands the test of time and delivers the returns you need.
THE VALUE OF YOUR INVESTMENT AND ANY INCOME FROM IT CAN FALL AS WELL AS RISE.
YOUR PROPERTY MAY BE REPOSSESSED IF YOU DO NOT KEEP UP REPAYMENTS ON YOUR MORTGAGE.
THE FINANCIAL CONDUCT AUTHORITY DOES NOT REGULATE SOME ASPECTS OF BUY TO LET MORTGAGES.
FOR MORTGAGE ADVICE WE CAN BE PAID A FEE, TYPICALLY £599, ON OFFER OF THE MORTGAGE. WE WILL ALSO BE PAID COMMISSION FROM THE LENDER.
"Growing your wealth through property is an attractive investment for many"