Buy To Let Mortgages

Landlords generally review their mortgages on a regular basis but with so many new deals on the market, we urge investors to make sure that they have the correct type of financing. Landlords are still buying property but need to make sure they get the best mortgage deal.

Review your redemption penalties – it may be cheaper to pay the redemption penalties in order to get out of an uncompetitive deal.

Look at the tax advantages offered by the various types of mortgages – mortgage interest payments can be offset as an expense against rental income for tax purposes so you should consider this.

Consider interest-only and repayment options – many investors choose interest only mortgages believing that capital gains will provide them with a profit at the end of the period. Consumers need to decide if they want to take this chance or stick to a repayment mortgage Look out for special deals – to encourage remortgaging, some lenders are offering fee free deals or cash-back incentives, look out for these deals.

Speak to a specialist broker – we live and breathe buy-to-let mortgages and are better placed to find you a good deal than companies which offer more general advice.

Consider moving your portfolio to one lender – some lenders use portfolio-lending arrangements, which average the rental calculation across all the properties. This means that the higher yielding properties can subsidise the borrowing on the lower yielding ones.

Read the fine print – make sure you understand any redemption penalties or deed release fees, which apply to your potential mortgage.

Buying Buy To Let properties

The estate agent is a deal maker. The reason for concern arises when the agent performs ‘tricks’ to get a deal through. Although no one has any objection to a bit of enthusiasm and creativity in getting a deal through, the problem arises if these ‘tricks’ go against the interests of either buyer or seller. It is important to remember that the estate agent is essentially working for the seller. After all it is the seller who pays their fee. However a good estate agent has a duty to remain professional and ethical in his dealings with all parties throughout the selling process. The question for a buyer is how to cut through all the estate agent waffle and get the true picture on a particular property deal.

If you ask the following questions, you will gain a greater insight into the deal, and obtain valuable information to help with your negotiating position.

1.) Why is the owner selling?

If you are lucky, the estate agent may reveal more than he should about the seller’s circumstances and motivation for selling. A motivated seller is more likely to accept an offer below the asking price.

2.) How long has the property been on the market? Has the property been ‘sticking’ on the market? Does this mean the seller is getting desperate to sell? Why is the property not selling? Are there any problems with the property, which the estate agent is not disclosing?

Love them or hate them, one thing’s for sure – property investors would be nowhere without the help and support of the estate agent. We all know the reputation estate agents have and although some of it may be unfair, there are good reasons not to just blindly go along with everything they tell you.

3.) What do you think the property will actually sell for?

This is a bit of a ‘fishing expedition’. What you are looking for are signs that the estate agent has a different opinion as to the true value of the property.

4.) Who priced the property?

If the seller priced the property and the estate agent thinks it’s too high, then when you place a lower offer, you stand a very good chance of having the agent bat your corner. If the estate agent has priced the property then they probably will stand by their valuation and push you to offer close to it.

5.) What other homes are there in competition to this property?

This is a very useful question provided you get an honest answer. The estate agent is looking to close a deal, rather than open up a whole load of new options. You are likely to get an honest answer by taking the property details sheet into a rival’s office and asking them. The information you gather will be important in justifying any offer you make.


Buy To Let Property

Renting property out can be time consuming, ensure you buy right in LUDLOW

Property investment can be lucrative in MOLD

Like many towns, flats yield best in OMAGH

Landlords try buy at under market value, you need to do your homework inPRINCESRISBOROUGH

Various pockets still offer good investment returns in SANDY

We have no data but have certainly had enquiries from landlords wanting to buy to let in STAMFORD

We have no data but have certainly had enquiries from landlords wanting to buy to let in TEMPLECOMBE

We have no data but have certainly had enquiries from landlords wanting to buy to let in WARE

We have no data but have certainly had enquiries from landlords wanting to buy to let in WITHERNSEA

We have no data but have certainly had enquiries from landlords wanting to buy to let in WOTTONUNDEREDGE

Buy To Let data is not available in ANNAN

Buy To Let data is not available in BATHGATE

Buy To Let data is not available in BOSTON

Buy To Let data is not available in CAERPHILLY

Buy To Let Property data is not available in CLEETHORPES

Buy To Let Property data is not available in DARVEL

Buy To Let Property data is not available in ELLON

Buy To Let Property data is not available in GLOUCESTER

Buy To Let Property data is not available in HEREFORD

Buying at under market value can be achieved if you look hard in ISLEOfIONA

Flats, Houses and all sorts of property can be found in LARKHALL

Some of the best areas are not always the obvious areas for buy to let in LLWYNGWRIL

Property investors can find various properties for letting in MENAIBRIDGE

Not all property will make a good buy to let in NORMANTON

Lenders in Buy To Let will normally lend on a number of different types of property. Rental income must be good when choosing a property in PORTGLASGOW

It is sometimes difficult to find good buy to let property in RUGELEY

We have no data but have certainly had enquiries from landlords wanting to buy to let in SOUTHEND-ON-SEA

We have no data but have certainly had enquiries from landlords wanting to buy to let in SWANAGE

We have no data but have certainly had enquiries from landlords wanting to buy to let in USK

We have no data but have certainly had enquiries from landlords wanting to buy to let in WIDNES

Buy To Let data is not available in ALDERSHOT

Buy To Let data is not available in BANGOR

Buy To Let data is not available in BLANDFORDFORUM

Buy To Let data is not available in BUNTINGFORD