This Buy To Let Advice Will Eliminate Your Fears And Doubts About The Property Market

buy to let advice

If you are looking for buy to let advice, then that’s a good sign that you are taking this amazing investment opportunity seriously.  A buy to let mortgage is a great way to invest in real estate when you can’t afford to pay cash for a property.  Let’s face it, not many people have enough money laying around to be able to pay cash for a home or apartment.  But, with a buy to let mortgage you don’t need to have all of the money.  Instead, you need to come up with a down payment, have good credit, and demonstrate that you can afford to make the monthly payments even if you lack a tenant.  While these can be difficult qualifications to make, they are there for a reason, and that’s to ensure you don’t get in over your head.  If you are nervous about getting a buy to let mortgage, this buy to let advice should help to alleviate some of your concerns.

  • Real estate has historically been one of the safest investments for your money.  While real estate values fluctuate up and down, over time they inevitably increase.  If you aren’t sure about this then just take a look at property values of houses in your neighborhood from 20 years ago, 10 years ago, and then today.  If you do then you are certainly going to realize that the value has gone up over time.
  • Increases in equity in the property you own can help you build long-term wealth.  For example, if you bought a property for £100,000, paid on it for 10 years using rent paid to you, then sold it for £150,000 you would be looking at a 50% return on your money.  There are few if any other places you can invest your money and expect this kind of return.
  • If you are worried that you will have a hard time finding quality tenants, you can alleviate these concerns by doing a background check on prospective tenants.  This will enable you to avoid the types of tenants that are likely to not pay their rent, be late on their rent, or cause damage to your property.
  • If you are concerned that trying to maintain a rental property is going to be too much work for you, you can always hire a property management company to handle it for you.  They will collect the rent and handle any repairs that are needed.  While this will cut into, or possibly even eliminate your monthly profit, in many cases, it’s well worth it to avoid having to deal with tenants yourself.
  • If you find yourself in a financial bind and are having trouble keeping up with your monthly mortgage payments, you can always sell your property off at any time.  It’s usually quite easy to unload a property quickly so long as you are willing to sell it at a slight discount below current market value.

Tips For Mortgages On A UK BTL Investment

If you are considering getting a buy to let mortgage for your BTL investment there are a few things you need to be aware of before you make a final decision.  Investing in property has long been one of the safest ways to build long-term wealth.  You buy a property, make your monthly mortgage payments, then rent it out to a tenant.  Ideally, you will be able to charge your tenant enough rent to cover not only the cost of the mortgage payments you are making but also enough to make a profit each month as well.  In this type of scenario, it isn’t the monthly profit that should be your primary goal.  Over time property generally increases in value.  So, while you are using someone else’s money to pay your mortgage off, your property is also increasing in value.  You can then decide to later sell your property off and enjoy a nice windfall, or you can continue to use it as a rental property forever and enjoy a steady source of income.

What Types Of Things Do You Need To Consider When Getting A Buy To Let Mortgage?

  • This kind of mortgage is generally considered to be a greater risk by banks since it won’t be your primary residence.  Since it won’t be your primary residence you will probably be more likely to default on this mortgage in the event that you run into money problems.
  • Because a buy to let mortgage is considered a bigger risk you will usually be required to put a bigger down payment down when getting one.
  • If you currently own your own home and you have a mortgage on it, it’s going to be more difficult for you to qualify for a buy to let mortgage.  It all comes down to debt to income ratio.  If you have a primary mortgage payment each month you need to demonstrate that you can afford to make both your current mortgage payment as well as your new one, even if you do not have a tenant.  The reason for this is simple, you can’t count on having a tenant all the time and even when you lack one you still have to make your monthly payment.
  • When getting a buy to let mortgage most lenders want the mortgage term to end by the time you are 70 years of age.  That means that if you are getting a standard 30-year mortgage you need to take it out by the time you turn 40.
  • Like other mortgages, you also need to have good credit to qualify.

A buy to let mortgage is a great way to invest in real estate and build long-term wealth.  It is a risk, but it’s not as big of a risk as many other types of investments because property has generally been considered one of the safest things to put your money into.  If you qualify for a buy to let mortgage and are good at managing your money, it can be a great opportunity for you.


10 Simple (But Important) Things to Remember About Buy To Let Property For Sale

buy to let property for sale

The purchasing to let property investment business in private properties as outstanding among other wellsprings of normal salary is expanding with time. Numerous individuals leaning toward putting resources into the UK’s purchase to-give property a chance to advertise as opposed to taking a chance with their cash by putting resources into hazardous offer market.   This move for the most part pays off exceptionally well for purchasers as they get some measure of cash or wage on month to month premise. Below shows some 10 Simple (But Important) Things to Remember About Buy To Let Property For Sale in UK.

The measure of cash you get is restricted and little. Consequently, the odds are that you dislike this reality. In such a circumstance, you might want to locate another method for turning your purchase to-let property available to be purchased in London into a cash making machine.

Furthermore, being a purchaser, you will likewise need to think about the accompanying focuses in detail:

1. The accepted procedures for proprietors or the financial specialists to utilise their pay to new purchase to-let rules

2. How proprietors can maintain a strategic distance from ramifications of Hidden Mansion Tax liable to influence the purchase to-let investment.

3. The way toward changing over purchase to-give properties available to be purchased into an occasion a chance to remain for travellers for a stay.

4. The conceivable outcomes of the Hidden Mansion Tax and changing over purchase to-give property access to an occasion let for here and now.

Starting with the dialog on the principal point in subtle elements below:

The Best Practices for Landlords or speculators to Use Their Income to rule New Buy-to-let Rules?

Presently, The Bank of England has acquainted strict standards on purchase with let acquiring. Property venture operators in London are of the view that these standards are to help landowners owning numerous properties. These new guidelines on the purchase to-give obtaining a chance to will enable such proprietors to make utilisation of their compensation, speculation salary, and wage as benefits for taking out a home loan for purchasing venture properties in London.

The entire credit goes to the Bank of England’s PRA, i.e Prudential Regulation Authority. Proprietors owning no less than at least four purchase to-give properties a chance to will presently need to maintain these new principles.

This procedure started by the bank of England is known as Affordability Testing.

1. Property venture specialists in London firmly exhort landowners. Loan specialists or loaning establishments to see the way this Affordability Testing really works.

2. Private banks and loaning establishments will now need to investigate the reasonableness level of financial specialists applying for contract. Furthermore, it will likewise be required for them to survey intrigue cover proportions in full detail.

3. A few banks have started the utilisation of a framework called top Slicing. It is an uplifting news for landowners who are prepared for purchasing high esteem venture properties in London, offering low yield. It is a decent path for speculators to utilise EPI that is the External Personal Income for compensating for any deficit.

Presently here is the major critical inquiry:

Are top slicing arrangements accessible wherever in UK? The appropriate response is yes. Henceforth making the business opportunity extremely recrutive.

5 Facts About Buying Rental Property That Will Blow Your Mind

buying rental property

5 Facts You Need To Pay Attention To When Buying Rental Property

One of the best ways to invest your money is to purchase property and then rent it out. This is truly a great way to create a passive income since you don’t have to actively work for it. Once you purchase a property and find someone to rent it, then it’s basically hands off. However, in order to make the most of your investment, you need to make sure that you choose a rental property wisely. Be sure to check Sterling Woodrow Reviews. So, we will look at 5 facts buying rental property that you should consider before buying.

1. The first factor you should pay attention to is the location of the property. You want to choose a location that is near to urban areas where there is access to schools, hospitals, parks etc. If you buy a property in a bad location, you will have a hard time renting it out.

2. Secondly, you need to make sure that that the property has easy access to transportation. After all, if you buy a property in a secluded area, then you will limit your potential renters to people who have a vehicle.

3. Another tip is that you should pay attention to the age of the property when you buy it. If you buy an old property, meaning that it is over 15 years old, then you may have to conduct renovations over time. This will cost you more money which you should avoid. It is better to purchase a younger property where you don’t have to spend extra money to fix it.

4. A fourth factor that has to be considered is the number of rooms in the property. It is best to buy a house that has at least two bedrooms, but more is better. The more bedrooms that the property has, the more appealing it would be to potential renters. You will also be able to get a higher monthly rental fee for a larger home.

5. Lastly, you should always purchase a home that is modern and has modern fixtures. The kitchen in particular should be large since no one wants to live in a house with a small and outdated kitchen.

In closing, these 5 facts buying rental property will definitely guide you when you are looking for properties to purchase. You should always take your time when looking for a property and be sure that you find a property that will give you a good return on your investment.

These Are the Only Things You Need to Know About Buying A Buy-To-Let in the UK


Investing in real estate is a norm these days. In case you desire to put your investment in buy-to-let property, or commonly referred to as BTL property, there a number of notable things you need to consider.

It is important to be aware that the buy-to-let investment is not as common as it used to be back in the days when any Briton would take pride in purchasing or having a buy-to-let property. These are tougher times for landlords as the government has raised taxes considerably. Land rates have also been hiked and mortgages keep rising. The rental revenue would be disappointing as it will be taxed without considering the profit being made. This is something that has greatly discouraged people in the UK from buying such properties. You should keep this in mind before making a final decision to purchase or invest in a buy-to-let.

Buying a buy-to-let in London, or any other place in the UK is taking a big risk. You, therefore, need to consult with your investment adviser on other venues that could also make your money grow before purchasing a buy-to-let property. Any BTL investment requires you to have enough and extra money at your hands as savings since it is gambling with your future. You are not sure whether the rental taxes will keep rising or falling. There is also no surety that your money will bring a considerable return to make up for the cost incurred in renovating a building or repairing some items in it. On the positive side, rental charges may increase more than you had anticipated and even double the returns on your investment. In case things do not go as planned, you might also consider selling the property. However, the disadvantage comes about since you might end up selling the building at a way lower price than you had bought it due to depreciation and the rising fear of purchasing a buy-to-let property.

buying a buy to let

When buying a buy-to-let in the UK, it is advisable to do thorough research on the status of the market. Not every investment in buy-to-let property has paid off. Some people have complained of encountering huge losses and regrets in investing in that part of real estate. On the other hand, there are a couple of others who have also made quite a fortune from their investments in this particular niche. You need to inquire from those who have succeeded in the buy-to-let business and ask them how they managed to weather the tough measures and challenges in this field. Take keen notes and finally seek the opinions of those who never made it. Compare and contrast your findings and come up with your own conclusion finally. Only then will you be assured of your success in this field.

You should not just buy a buy-to-let property because a close friend of yours made a recommendation or someone is selling it out at a cheaper price. You need to be sensitive on the property’s location, the building’s condition, legal issues involved, whether the area is promising or not, and also the kind of a landlord you would want to be.

The issues discussed here are very sensitive. These are the only things you need to know about buying a buy-to-let in the UK.