Should I buy to let?
We’re living in times of historically low interest rates and low savings returns. With a strong rental demand, it’s no wonder so many people are keen to get property ownership onto their portfolios. But with Government tax changes coming into effect it’s vital you get the right advice and the right mortgage. Woodhall Mortgages can help you find the most competitive mortgage rates, and show you how to make a decent return on your investment.
Investing in your future
Buy-to-let can be a great way to diversify your portfolio and supplement your income, but it is essential to do your research and get the maths right. Searching for the right property can be exciting, but it’s important to avoid any pitfalls. Buy–to–let mortgages differ from normal residential mortgages, usually you require 25% deposit may have higher mortgage fees. You’ll then need your buy to let rental income to cover the mortgage lenders stress test levels and may need to show a minimum personal income. If you’re thinking of investing in buy-to-let property, or just want a chat to find out more, why not call one of our expert advisors today?
As a mortgage is secured against your home, it could be repossessed if you do not keep up the mortgage repayments.
Speak to an advisor
Why not arrange an informal chat with one of our advisors today?
Our qualified independent advisors can give you a call or pay a home visit to discuss your mortgage or protection needs.