| The Buy to Let property market seems to more | | | | Lenders may require a higher deposit than the |
| popular than ever. In fact, Buy to Let has been steadily | | | | average standard mortgage deposit - this may be as |
| increasing in popularity since the mid-nineties and | | | | high as 25% of the property value. |
| experts reveal that the market shows no real sign of | | | | Buy to Let Intentions |
| slowing down. Buy to Let seems to be the ideal | | | | Another point to consider when looking at Buy to Let |
| property investment; simply purchase a property and | | | | Mortgages is what the main reason for buying the |
| then let the tenants cover the mortgage. However, | | | | property is. This may sound a little strange as you are |
| there a number of things to be taken into consideration | | | | obviously buying the property to let it but people have |
| when buying a second property which you are not | | | | different goals involved with their Buy to Let property. |
| planning to live in and one the most important one is | | | | Have a look at two differing goals of Buy to Let |
| buy to let mortgages. | | | | investors:oMake a profit from the investment in the |
| Buy to Let Mortgages Basics | | | | property itself and re-sell it when house prices are |
| Buy to Let investment involves buying a property with | | | | highoAim for a month by month profit from the rent |
| the intention of making a profit through letting. There is | | | | you charge |
| an increasing amount of choice in the Buy to Let | | | | Buy to Let Costs |
| mortgage market and this is mainly due to the increase | | | | Regardless of the reasons you might have for buying |
| in Buy to Let investing. The conditions for Buy to Let | | | | a property you will also need to consider all the extra |
| mortgages differ from standard mortgages as the | | | | costs you may incur, some to consider are:oTax |
| intended purpose for buying the property are different. | | | | issuesoLetting Agency FeesoProperty |
| Some of the following differences should be | | | | MaintenanceoInsurance (building insurance, contents |
| considered before going ahead with a Buy to Let | | | | insurance, home insurance, legal insurance)oFurnishing |
| mortgage and worth speaking to a specialist buy to let | | | | Expenses |
| mortgage about:oHigher Interest Rates - Buy to Let | | | | Before making any buy to let property purchases you |
| mortgages usually have higher than normal interest | | | | should always discuss your investment requirements in |
| rates.oRent - The lender considers your income per | | | | detail with a Buy to Let mortgage broker. They can |
| annum, together with the amount of rent which will be | | | | help maximise the potential profit from your property |
| charged when letting out the property.oDeposit - | | | | investments and normally their advice is free. |