Property has experienced both boom and bust periods but, despite this, it is still believed to be a sound medium to long term investment and we tend find that new landlords utilise it either as an additional income stream or a form of pension provision. In general terms, if you have 25% or more of the property value as your deposit, the tenant effectively pays your mortgage. With trusted professional financial advisors and low interest finance schemes there is also no longer a need to be a cash buyer, so with a little help from Strawberry the dream might be closer than you thought.
Vickers Young are a company who we have found to be most helpful in assisting clients to identify both a realistic budget and the right mortgage product to secure their buy-to-let investment property. Even if you already have a specific provider in mind you may find the Vickers Young ‘mortgage finder ‘calculator useful in the initial stage of your search. This free to use tool reflects a significant proportion of the mortgage marketplace, is constantly updated and is mobile friendly.
The no-obligation guide can be found by visiting www.vickersyoung.co.uk/mortgages