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In today's current climate second properties are becoming a very lucrative investment. Properties are rising very quickly in value and a nice profit can be made over a relatively short period of time.
The following points should be considered: |
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| 1) A longer term view should be considered because this current growth rate cannot last indefinitely. An investment property should be considered over the medium to long term i.e. 5-15 years when capital gains tax taper relief can be utilised to its maximum. |
| 2) Excellent way to boost pension provision. |
| 3) As house prices have risen, so have deposits required for these property purchases. Equity can be raised from existing investment properties or your own home. |
| 4) There are other ways to raise finance for investment properties other than "But To Let (BTL)" mortgages. A BTL mortgages lends finance on strength of the rental e.g. £550 pm rent allows a mortgage of approx £100000 regardless of the price of the property. |
| If you are interested in raising finance to purchase investment property please do not hesitate to contact us. |
Your home may be repossessed if you do not keep up repayments on your mortgage. Our typical fee for mortgage advice is £299, although the precise amount will depend upon your own circumstances.
Information and/or advice intended for UK residents only. Non-UK residents please contact us for further information. |
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