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As well as purchasing property on a buy-to-let basis, some people realise that it would be ideal when they move home to retain their original home as a rental investment.
The chances are the property is in good condition (or you know its little foibles) and you like the area in which it is located. In addition, in comparison to an alternative buy-to-let investment, there are no acquisition costs and you save yourself an estate agent’s selling fee.
Some lenders are unwilling to lend new money on this basis, or insist on lending on both properties, but others offer let-to-buy products that allow this to be achieved.
The chances are the property is in good condition (or you know its little foibles) and you like the area in which it is located. In addition, in comparison to an alternative buy-
Some lenders are unwilling to lend new money on this basis, or insist on lending on both properties, but others offer let-
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Crosby Mortgage Solutions does not charge for an initial consultation meeting. If you do appoint us to arrange your mortgage our typical broker fee is £299, however it could be as much as 1% of the loan amount, £299 payable on application and the remainder payable on completion. The precise amount will depend on your circumstances.
YOUR HOME MAY BE REPOSSESSED IF YOU DO NOT KEEP UP REPAYMENTS ON YOUR MORTGAGE.
Crosby Mortgage Solutions Limited is an Appointed Representative of First Complete Limited which is authorised and regulated by the Financial Services Authority.
Crosby Mortgage Solutions Limited is an Appointed Representative of First Complete Limited which is authorised and regulated by the Financial Services Authority.