Buy to Let

When they say buy Gold, it's usually a good time to sell.

When they say buy property, it's usually a good time to sell.

When they say don't buy because prices might fall it's often time to grab a bargain.

The recent economic climate has seen some adjustment in prices and the fear factor has stepped in for many clients. However, for those who are a little braver, this could be an excellent time to cash in on those bargains. They say one man's loss is another man's gain and that's certainly true in the current economic climate.

Consider these points:

• Are you buying for a long term investment or a short term one? 
• Consider the yield. Will the return be better than investing the money in a building society or bank? 
• Is the property located in an area where there is a high demand for tenants? 
• Do you have a good deposit? Many lenders now require at least 20% deposit. 
• Do you have additional funds to cover any voids? 
• Consider the set up fees, they can be very high. 
• Check the early repayment charges. 
• Check out the set up costs. 
• Check out the valuation fees 
• Is there any HLC (High Loan Charge)? 
• Does the property comply with HMO standard (Homes with Multiple Occupation)? 
• Has the vendor carried out a home inspection report? 
• Is there a valid gas and electricity certificate? 

Feel free to call us if you would like to discuss your options.

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0844 357 4429 or Mobile 0788 0727 493