YOUR HOME MAY BE REPOSSESSED IF YOU DO NOT KEEP REPAYMENTS ON YOUR MORTGAGE
Types of Property Investment
Property prices and demand for rentals can go up and down, so direct and indirect property investments are for the long term.
Direct property investment:
- Buy-to-let: You can purchase property with a view to letting it – this could give you an income in the form of rent from a tenant. This is called Rental yield – what your tenant(s) pay in rent, minus any maintenance and running costs, like repairs and agent’s fees.
- Buy-to-let: This could also provide a profit if you sell your property for more than you paid for it. This is called Capital growth.
- Property development: Alternatively, you can purchase property directly with a view to renovating it and selling it for a profit.
What we will discuss:
- Advise you on potential costs associated with both BTL investments and Property Development
- Knowledge of the local market to locate suitable properties for you
- Advise on what type of mortgages are available and suitable for your current circumstances.
- Buying and selling costs – with estate agent and surveyor fees, stamp duty, land tax, solicitors’ and conveyancing fees to consider. From 1 April 2016, you’ll have to pay an extra 3% on top of each Stamp Duty band when you buy an additional home or a residential buy-to-let property
BUY TO LET MORTGAGES ARE NOT REGULATED BY THE FINANCIAL CONDUCT AUTHORITY