YOUR HOME MAY BE REPOSSESSED IF YOU DO NOT KEEP UP REPAYMENTS ON YOUR MORTGAGE.
Why Buy to Let?
We understand that buying to let can be both a potential investment for your future and a source of income for the present. Whether you are looking to purchase your first Buy to Let property, add to your portfolio or remortgage an existing Buy to Let property, we can help you at every stage.
When buying to Let you need clear goals about what you want to achieve from your investment.
Is it additional income or a nest egg? You could be looking at Buy to Let for various reasons: a monthly income, growing your capital or as your pension plan.
Once you’ve established your goals, finding the right mortgage, the right property and the right tenant could help you cover your property’s mortgage payments and enjoy a regular income whilst potentially seeing your capital grow.
Still unsure if Buy to Let is right for you? For more information please read our guide and lending criteria
Buy to Let tips
- Select the right location and the right property: chose a location and property that will appeal to your target tenant - students, family, professionals. Research the market using local estate agents website and newspapers. Letting Agent or Self-Management: decide whether you want to manage the propery yourself or have a letting
agent manage it for you. If you manage the property yourself you will need to find the tenants, draw up a legally binding contract and take care of any repairs or requests from the tenant. A letting agent will do all this on your behalf for a fee normally between 10-15% of the monthly rent. Manage your finances: any income you make from a Buy to Let property becomes taxable income and needs to be declared. It may be useful to obtain professional advice to help you with your tax returns.
Please note our online mortgage application is only compatible with Internet Explorer 6+, Google Chrome, Firefox and Safari web browsers.
Subject to status and lending criteria. Written illustrations available upon request. Borrowers must be aged 21 or over.
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