Want to be a landlord - it's easier than you think
Buying property to rent out has become very popular over recent years, to the extent that many lenders now offer special "Buy to Let" mortgage schemes.
Lower interest rates have made mortgages more affordable, and rental income can look attractive compared with the return on other types of investment together with the opportunity for capital growth.
With many Buy to Let schemes you won't be required to prove your income as lending is calculated on the anticipated rental income. You will generally be required to have a minimum of 15% deposit although some lenders may ask for more. If you do not have the deposit available it may be possible to raise some or all of the money by remortgaging your existing property.
If you require further information, or would like us to arrange a mortgage for you just phone us on 0845 123 5194 or leave your details on the Mortgage Enquiry form.
And remember , our services are free.
THESE PRODUCTS ARE NOT REGULATED BY THE FINANCIAL SERVICES AUTHORITY
Think carefully before securing other debts against your home. Securing previously unsecured debts on your home may increase the repayment term and the amount repaid. Your home may be repossessed if you do not keep up repayments on your mortgage or any other debts secured on it.
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