Phone:0121 681 6833 | enquiries@birminghamifa.co.uk
Buy to Let
Buy To Let Mortgages
Buy to let is no longer the hot property it used to be, and many investors who bought in recent years have struggled as mortgage rates increased.
Existing investors should now be benefitting from lower rates if they have fallen on to their lender's standard variable rate, however, new mortgage deals remain expensive and industry experts acknowledge that now is a tough time for buy to let.
However, with lower property prices, it's still tempting for those who stick to the tried and tested method of investing for rental returns rather than capital growth.
If investors are willing to see the value of their property slide in the short term and ensure their property meets the criteria of at least 75% to 85% loan-to-value and returning 125% of monthly mortgage payments, buy to let can continue to be a good long-term investment.
Like any investment, buy to let comes with no guarantees, but can be more reassuring for those who have more faith in bricks and mortar than the stock market.
YOUR PROPERTY MAY BE REPOSSESSED IF YOU DO NOT KEEP UP REPAYMENTS ON YOUR MORTGAGE
For mortgage advice you can choose how we are paid. We can either accept commission from the lender or, you can choose to pay on a fee basis. Should you choose to pay a fee we will usually charge £395. We can also arrange a combination of these options.
Mortgage & Equity Release
Mortgage Calc
Company address: Evans and Associates Financial Planning -
PO Box 15593, Birmingham, West Midlands, B32 9FR
T: 0121 681 6833
M: 07976 510972
F: 0121 336 1836
Email: enquiries@birminghamifa.co.uk
Evans and Associates Financial Planning is an appointed representative of Personal Touch Financial Services Ltd which is authorised and regulated by the Financial Services Authority and registered in England and Wales No.3406454
Trinity 3, Trinity Park, Solihull, Birmingham B37 7ES.
Evans and Associates Financial Planning is entered on the FSA register (www.fsa.gov.uk/register/) under reference 517147.
The FSA do not regulate National savings products, loans, Will writing and some forms of mortgage, offshore funds and inheritance tax planning.
The guidance and/or advice contained within the website is subject to the UK regulatory regime and is therefore targeted at consumers based in the UK.