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PURCHASING THE PROPERTY
Whatever type of property or properties you decide to buy we can most certainly
let for you. However, we would strongly recommend that you Liaise closely
with us before purchasing the property as there are a lot of considerations
to make such as ongoing maintenance costs, ground rents, location, number
of bedrooms and type of property that will yield the best return on your
investment.
We are quite happy to give rental valuations and advise on any property
that you may have in mind before you actually make a decision to purchase
it.
THE RETURN ON YOUR INVESTMENT
Although it is difficult to predict the actual return. A typical example
would be:
1 Bed
Flat - Haywards Heath Purchase price
|
£130,000
|
| Deposit
@ 15% |
£19,500
|
Mortgage
|
£115,000 |
| Annual
rent (£600 x 12) |
£7,200
|
| Agents
fees, maintenance etc |
£ 1,000 |
| Mortgage
(interest only @ 5%) |
£5,750
|
| Profit |
£450 |
| Capital
appreciation @ 2.5%
(in line with inflation) |
£3,250
|
| Profit
& capital appreciation |
£3,700
|
| Return
on investment of £19,500 |
19%
|
This example is set out as a guide only and
should not be used as a guarantee for
investment purposes. We would recommend that you you speak to our Independent
Financial Advisor before making any such decision.
When you couple the rental return along with the capital appreciation
it is clear to see that buying to let
is an excellent investment decision.
ARRANGING THE FINANCE
Buying a property to let is much more interesting and financially rewarding
than investing your money in the financial markets. Up until a few years
ago obtaining a mortgage to buy a property to let
was very difficult.
However, there are now plenty of mortgage lenders offering specialised
schemes for buying rental properties. To this end we can put you in touch
with our Independent Financial Advisor who can advise and arrange the
most suitable mortgage for you.
Contact Us for more information
on Buying to Let
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