20 Jan 2025
Reasons to get a Buy to Let Mortgage
Following recent changes in the Buy to Let market, some investors may find this product less appealing. However, if done correctly, building a buy to let portfolio can be very profitable.
Here are some benefits:
- Rental Profit
One of the main advantages is the potential for earning an income from rental income. If the rent you charge covers your mortgage repayments, you essentially have someone paying your mortgage for you. - Increased Property Value
Over time property generally increases in value. Although this is not a guarantee, many investors do benefit from capital growth when they sell the property in the future. - Tax Benefits
You can claim tax relief on mortgage interest payments in some instances and there are other tax advantages if you put your properties into a limited company. This means you could reduce the overall tax costs related to your investment. - Builds your Portfolio
Adding a property to your investment portfolio can diversify your assets, and reduce the risk of having all your investments in one place. - Planning for Retirement
Income from your rental property can provide a source of income during your retirement years.
We understand that people have mixed views on Buy to Let mortgages, especially following the recent stamp duty rate changes announced for those looking to purchase an additional property. It is important to do your research and think about both the benefits, and possible risks.
To find out if it is right for you, give our experts a call on 01268 507477.
Recent posts
Keeping the kids entertained over the six-week summer holidays isn’t always easy, especially with the cost-of-living making it even more difficult. Below is a list of fun, inexpensive ideas to do over the break
The Financial Conduct Authority (FCA) has published a discussion paper about the future of the mortgage market in a bid to improve access for first -time buyers, self-employed, and those borrowing in retirement.
Ever wondered where the most reasonably-priced towns for families to buy are? Property company, Zoopla has identified the top 10 towns for families to live in the UK by looking at the most affordable towns, and how many people are looking in that area.
Increase in zero-deposit mortgages in 2024
22 days ago
There was a 32% increase last year in 100% loan-to-value (LTV) mortgages which are mortgages that require zero deposit. According to a recent report by chartered accountants and business advisers, Lubbock Fine, the reason behind this is buyers simply struggling to save enough for a deposit.
Average savings by age in the UK
23 days ago
Many people are quite private when it comes to what is in their bank account. In this short blog, we look into what Brits have saved by age group.
Research from buy-to-let lender, Landbay, shows that UK landlords are looking at raising rents ahead of the Renters' Rights Bill which is due to come into force this year.
Data shows landlords could miss out on green mortgages due to expired energy performance certificates.
Buying a house is a big deal, and where you are planning to buy will make a difference financially. In this short blog, we look at the most affordable and most expensive areas and how much you need to be earning to buy in there.
More information
Trusted by
