Buy To Let
Thinking of buying a property to let out to others? We'll help you understand your options
Buy-to-let property can provide rental income and the potential for long-term capital growth. However, property investment also carries risks, including falling property values, rental voids, unexpected maintenance costs and changes in mortgage rates. Our advisers can help you explore the available mortgage options and understand the associated borrowing costs and commitments.
Your property may be repossessed if you do not keep up repayments on your mortgage. A mortgage advice fee may apply depending on your circumstances and the services required. We'll explain the amount or how the fee is calculated, when it becomes payable and any commission we may receive from a lender before providing advice.
Regulatory Notice
Most investment Buy to Let mortgages fall outside FCA mortgage regulation and are not regulated by the Financial Conduct Authority. Different requirements can apply to consumer Buy to Let arrangements, for example where you are letting out a property you have inherited or previously lived in. We'll confirm how your mortgage is treated before you proceed.
Some other products we can help with, such as Wills & Trusts and Commercial Mortgages, are also not regulated by the Financial Conduct Authority.
Buy To Let — The Right Choice?
Buy To Let is a popular route into property investment, but it is not without its considerations. There are tax implications, legal responsibilities as a landlord, and the mortgage products are different from standard residential mortgages. We'll explain how Buy To Let mortgages work, and we recommend you take specialist tax and legal advice where needed.
Potential Benefits
- Rental income to help cover mortgage costs
- Potential for long-term capital growth
- Diversify your investments
Risks To Consider
- Property values can fall as well as rise
- Periods without tenants (rental voids)
- Unexpected maintenance and repair costs
- Changes in mortgage interest rates
- Tax and legal responsibilities as a landlord
