- Leeds: 0113 320 0720
- York: 01904 500502
- Durham: 0191 580 0566
- Stockton-on-Tees: 01482 240224
Investing is a tricky business these days. Pension funds can reflect the volatility of the stock market, while gold and commodities can suddenly decrease in value as fast as they can increase.
However, almost all investment advisors agree that one of the best investments in the medium to long-term range is property. While there have been notable, short-term slumps in the value of houses and flats across the U.K., including a fall in 2008 and 2009, things are improving and property is regarded as a solid, longer term investment.
If you are keen to expand your portfolio and want to buy property in addition to the home in which you live, Will Assist Mortgages can help you obtain a buy to let mortgage. We have access to hundreds of these products and can help you choose the right one for your needs.
If you believe that buy to let is beyond your grasp because you do not have a deposit, think again. Many first-time investors use a strategy of remortgaging their own home in order to free up financial resources. This money can then be used towards the purchase of property.
At Will Assist Mortgages we have trained and experienced advisers who will assist with the planning of your portfolio. We′ll ask you relevant questions about your investment strategy and what you want to achieve, both in the mid-term and longer-term. We′ll work with you to help you achieve your goals in a realistic and affordable manner, and in a way that helps you reap rewards.
We can also help you with your longer-term planning. We′ll work with you to help you enter the buy to let market and create an exit strategy for your retirement time, or earlier if you wish. Let us take the work out of this complex and often difficult process, and take care of all the paperwork, too.
Buy to let is a good and solid option for most investors, but there are some things that you should remain aware of and take into consideration before proceeding.
Firstly, one of the best ways to success is to study the market carefully, so location and quantity of existing rental accommodation are important factors. Consider proximity to schools, transport routes, and local facilities such as supermarkets, shops, doctors′ surgeries and entertainment facilities.
Bear in mind that rent rates vary across the country. Currently rents are highest in the south east of England and in larger cities. But there are no guarantees that you will be able to continually rent out your property and cover the cost of your mortgage with rental payments from tenants. There will likely be times when the property is not rented out.
Managing property and tenants is complex, subject to laws and regulations and is very time consuming. If you work full-time or have other commitments, then using a lettings agency is a good idea. Landlord packages vary from simple to fully-managed. An agent can take are of finding and vetting tenants, management, safety certificates, utilities, administration, paperwork and much more. Or an agent can just find tenants and collect rent. Whatever level of service you choose, it can offer peace of mind, but it does cost a monthly fee.
Use the calculators here to determine how different types of mortgages with different variables will work for your budget. Then contact Will Assist Mortgages for unbiased, expert and professional advice on a buy to let mortgage. We work with you to help make your dream of being a property investor a reality.
You may have to pay an early repayment charge to your existing lender if you remortgage.
There is no guarantee that it will be possible to arrange continuous letting of the property, nor that rental income will be sufficient to meet the cost of the mortgage.
The financial services authority does not regulate some forms of buy to let mortgages.
* Notes: 1) Lenders may calculate rental cover on a repayment basis OR an interest only basis irrespective of your repayment choice 2) The interest rate at which rental cover is quoted may NOT be the same as your /pay rate/ 3) The interest cover percentage differs from lender to lender from 100% to as high as 150%.
We do our best to make sure there is a qualified advisor always available to speak with you and provide a free telephone consultation! Call Leeds: 0113 320 0720 - York: 01904 500502 - Durham: 0191 580 0566 - Stockton-on-Tees: 01482 240224 now .
Suite 1, Devonshire House, Devonshire Avenue, Leeds, LS8 1AY.
Tel: 0800 270 7074
Fax: 0844 686 9555
VAT Number: 982074308
The York Eco Business Centre,
Amy Johnson Way,
Tel: 01904 500502
City West Business Park,
St Johns Rd,
Tel: 0191 580 0566
75a Devonshire Ave,
Tel: 0113 320 0720
47 Aiskew Grove,
Tel: 01482 240224