Buy to let has become an important part of
many peoples investment planning. In recent years a growing
housing market has helped many individuals to build their
own property portfolio. Owning an investment property carries
responsibilities and costs and success is not guaranteed.
Carefully selecting a property that has strong income or
capital growth potential is a much better strategy than
just hoping that the property market will continue to rise.
We can help both existing and new investors
to find the best mortgage deals using our access to the
whole of the market, which includes many lender exclusives.
We will help you get the balance right between finding the
right rate and putting down an affordable deposit. This
sometimes involves using lenders who fund generously based
on a property’s rental potential. It can also involve
taking advantage of a new build developer discount using
the existing equity in the property created by the reduced
purchase price as part of your deposit.
In many instances the buy to let purchase
may involve refinancing other property including the main
residence. This needs to be done carefully to avoid incurring
penalty and taking affordability into account.
We have experience in dealing with the seasoned
landlord who values having a lending facility which offers
flexibility and allows the entire portfolio to be held under
one roof. Our advisers have the expertise to help you set
this facility up for existing and new purchases and guide
you in how to move your properties when they come to the
end of their deal period.
Our fee for this service is
up to 1% of the loan amount, typically this would be £595.
Your property may be repossessed
if you do not keep up repayments on your mortgage.
Openwork Limited offers insurance and
investment advice on products from a limited number of product
providers and advice on mortgages representative of the
whole market. Buy to Let Mortgages are not regulated by
the Financial Services Authority.
