Buying a property to let out with a Buy to Let Mortgage can be a valuable investment, with the potential to provide you with a regular income and capital growth. But like any good investment, there is an element of risk ie. periods of unoccupancy, expensive house repairs and refurbishment, decreasing property prices and fluctuating rental income. Many lenders now offer Buy To Let Mortgages with interest rates not far removed from residential mortgages with the rental income being used rather than personal income to assess the amount you can borrow.

Most buy to let mortgages are not regulated by the Financial Services Authority.

There is no guarantee that it will be possible to arrange continuous letting of the property, nor that rental income will be sufficient to cover the cost of the mortgage.

Your home may be repossesssed if you do not keep up repayments on your mortgage.

A fee may charged for mortgage advice. A typical example is £500 paid on completion. The precise amount will depend on your circumstances.

Tel: 0845 2911104
Email: info@mortgage-advice-wales.com