A Beginner's Guide to Housing Investment
With competitive mortgage rates available, more flexible access to pensions and dramatic growth in the private rental sector, now is the time to make a buy-to-let property investment.
Now is a good time to make a buy-to-let property investment
With lenders competing in the marketplace, mortgage rates are highly competitive.
However, borrowing may not remain this attractive forever. Getting a mortgage on an investment property now means you could take advantage of low interest rates. And, if you fix your mortgage repayments, you’ve got the added reassurance of knowing what your repayments will be.
Rents have been increasing
While competitive mortgage rates are available,* UK rents continue to rise in almost every area of the country.** With a buoyant private rental market, a brand new buy-to-let investment is an increasingly attractive prospect. At Barratt, we’ll help make the whole process of buying and letting as simple as possible.
Property Investment FAQs
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The deposit required for a buy-to-let mortgage varies, but it's usually at least 20% of the property's value, but can vary between 20% and 40%.
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Disadvantages of owning a second home may include additional costs such as property taxes on second homes (which vary depending on the area of the UK you live), maintenance and insurance, potential difficulty in finding reliable tenants, and the risk of property values decreasing.
NB: Barratt Homes does not offer financial or legal advice. We would recommend that customers take financial advice specific to their circumstances before taking any action.
* http://www.telegraph.co.uk/personal-banking/mortgages/should-get-10-year-mortgage-now/
** https://homelet.co.uk/homelet-rental-index
