Q. What is buy to let?

Let’s start with the simple questions. Buy to let is the term used to describe any house or flat that is bought to let out to tenants.

Q. What are the benefits?

There are a number of reasons why buy to let can be a smart investment move:

• A buy to let investment could provide a regular income
• You’ll have a large asset with the potential to increase value in the future
• The mortgage repayments can be met with your rental income
• With house prices on the up, investing in property now could be a great way of securing your financial future

Q. What are the pitfalls?

As with all investments, the value of a property can go down as well as up. However, if you pick the right area and are realistic about returns, you can reduce the risks. Rental income from buy to let properties can vary too and your annual income may remain static or even fall. You need to consider how you would pay your mortgage if the property was empty between lets and allow for maintenance costs. For more information, just download your FREE guide.

Q. Where do you start?

Once you know that you can take out a buy to let mortgage, you need to find an appropriate property. Then you should assess whether it has the potential to be let out, how much rent you can charge, and whether the property needs new fixtures and fittings. Then, you are ready to arrange a buy to let mortgage…

You can find more information in our free Buy to Let Explained guide – including how to choose the right property and the right mortgage for you, along with guidance on legal and tax issues.

To download your FREE, comprehensive guide, CLICK HERE.