The recent changes to Buy to Let has made it less lucrative for many people. But, as part of a wider financial plan, it can be a useful way of providing an income in retirement, or diversification away from other types of investment.
Our knowledge of the Buy to Let market, and the fact we provide independent mortgage advice, make us ideally placed to advise Buy to Let investors the length and breadth of the country. That’s what we do, we advise, on the right mortgage for your purchase. We’ll also happily tell you whether the property actually makes sense as an investment in the first place.
Did you know that rental income is used to assess how much you can borrow? Some, but not all lenders will require you to have a minimum salary and a minimum of 25% deposit. We will be able to help you with finding the right mortgage for your personal circumstances.
We can help you to build your investment Buy-to-Let portfolio. We will talk to you to understand your long-term goal and advise on the best way to achieve this. If you are looking to let your existing property to then purchase another home (Let-to-Buy) we can help with this. Whether you are an experienced or a first-time landlord, why not phone and talk to one of our professional team for advice today?
The money you earn from renting out the property is liable for income tax. Depending on what threshold this added income takes you up to.
However, bear in mind you can offset some of the income tax with expenses that fall into certain criteria.
We aim to meet your needs as much as we can. Visit our appointment enquiry page, choose a time and date that works for you and we’ll try to make it work for us.