| Being a landlord may be a very sound investment | | | | need a mortgage then the lender may want their |
| especially with rising property values - yet | | | | own survey done after also. But be warned that |
| property investment can be risky and lenders will | | | | many selling good Buy To Let mortgages will give |
| give you a loan for a bad scheme. The wise Buy | | | | you dangerously poor advice on the wisdom of |
| To Let investor, before buying property or | | | | your property purchase - for that you really need |
| getting mortgages on any Buy To Let idea, gets | | | | independent advice !Letting property that you |
| expert financial advice - often using a good | | | | already own.If you are thinking of renting out |
| property investment calculator and often low | | | | property that you already own, or if you are now |
| cost.The two main property investment | | | | letting property, then it may be wise to get an |
| choices.There are two main choices in property | | | | expert report on how good a financial property |
| investment, buy a house to let when the | | | | investment it is. You are investing the value of |
| maximum UK mortgage will be at most 85% of | | | | your property, and you should be sure that it is |
| valuation, or let your own house and buy yourself | | | | making reasonable profit. Your current property |
| a new house when you may get 100%. But | | | | value estimates, and current mortgage loan |
| certainly, before you buy a property to let or | | | | amounts will allow an expert appraisal including |
| decide to rent your own house and buy a | | | | rent level advice and taxation advice.Do be the |
| replacement for yourself in England, you should | | | | wise investor.If you are wise then do not consider |
| get an expert estimate of your likely profit or | | | | buying property to rent out, until you get an |
| likely loss, and also get an estimate of how big a | | | | expert estimate of your likely profit, or likely loss, |
| rent and mortgage loan you should be able to get | | | | and expert advice !Major UK lenders like the big |
| ! Even if your Buy to Let idea is at an early stage, | | | | banks have said that they think all investors |
| with no actual property in mind yet, you should be | | | | thinking of buying property to rent, should get an |
| able to get good advice on your approximate | | | | expert financial appraisal before seeking a Buy to |
| estimated ballpark figures.Buy To Let | | | | Let investment mortgage - as does the Council of |
| Mortgages.Before you make an offer or bid for a | | | | Mortgage Lenders guide "Buying to Let". Many |
| property, you may want to apply for a mortgage | | | | lenders will not calculate your Buy to Let |
| - lenders will often not need to know what | | | | mortgage on your income, property price or |
| property you want to buy but may want to | | | | value, but on your expected rent as do good |
| know what rent you hope to get. For your Buy | | | | mortgage calculators. Some lenders may use your |
| To Let property purchase a 10% cheque will | | | | income, or part rent and part income, but lenders |
| normally do for a deposit, but you will get at | | | | can give you a Buy to Let mortgage on a project |
| most an 85% mortgage so you will usually need | | | | likely to make a loss and which you cannot |
| another 5% at completion. However, you may | | | | afford, and letting agencies can land you with a |
| find some sellers prepared to cover that 5%. If | | | | rent level that is too high or too low, so you do |
| you want speed, you can get a surveyor to go | | | | really need expert investment advice first - and |
| with you when you view a property - but if you | | | | with luck that need cost little ! |