Is Buy to Let property investment here to stay?

Friday, January 24th, 2020

In a recent report from Perrys Chartered Accountants, approximately three out of four people surveyed indicated that despite what many viewed as a stagnant property market, the buy to let sector still represented a very real investment opportunity.**

Interestingly, of the millennials surveyed, the percentage was slightly higher with around 80% agreeing that the buy to let property market has potential with many also indicating that providing it was properly managed, a portfolio could also represent a great pension strategy.**

The survey also highlighted that Brexit and increased tax (incl. stamp duty) rates were two of the main reasons why potential buy to let investment may have cooled off recently.

Changes in lending criteria also an issue.

As well as these challenges, landlords have also had to deal with the tightening of lending criteria, meaning that buy to let mortgages have generally become more difficult to obtain. When all the issues are factored in, it is not difficult to understand why some prospective investors have decided that buy to let opportunities are no longer for them.

So, is Buy to Let property still a solid investment strategy?

There are many that believe buy to let property remains a solid investment strategy, and our experts agree. However, given that it is mostly always a long-term commitment, potential investors should gather as much information as possible and take advice from a professional buy to let mortgage adviser and tax specialist when calculating any potential return on investment. 

In short, using a professional mortgage broker to source and process the mortgage in conjunction with advice from a professional accountant and tax advisor may be the best decision any landlord can make.

Always get professional Buy to Let mortgage advice.

Here at Caboodle Finance of Sutton Coldfield, Birmingham, our buy to let mortgage advisers always take account of any personal circumstances and make professional referrals where appropriate to ensure that those considering an investment get the right advice before “taking the plunge”!

Another reason for engaging a specialist buy to let mortgage broker is to get access to products, interest rates, and loan facilities that are not readily available on the high street.

And we can help you with all that!

Call the team here at Caboodle Finance of Sutton Coldfield, Birmingham on 0121 308 9114 in complete confidence, or alternatively just complete our online form HERE and we will get in touch with you to discuss your project. 

** Source – Financial Reporter 02-01-20

YOUR PROPERTY MAY BE REPOSSESSED IF YOU DO NOT KEEP UP REPAYMENTS ON YOUR MORTGAGE.

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THINK CAREFULLY BEFORE SECURING OTHER DEBTS AGAINST YOUR HOME. YOUR HOME MAY BE REPOSSESSED IF YOU DO NOT KEEP UP REPAYMENTS ON A MORTGAGE OR ANY OTHER DEBT SECURED ON IT. CONSOLIDATING DEBTS MAY INCREASE THE TERM AND TOTAL AMOUNT PAYABLE.

Your initial consultation is free and you are under no obligation to proceed with a mortgage we recommend. There will be a fee for mortgage advice. The exact fee will depend on your circumstances and may be reduced depending on the loan amount and any commission we receive from the lender. It is estimated that the fee will be £595, but it may range from £495 to 1% of the amount you borrow. The fee is only payable on completion and can normally be added to the mortgage. This will be discussed and agreed with you before you make an application. Please ask for a personalised illustration.

Secured loan rates from 3.95% APRC, although we have plans available up to 29.9% APRC which allow us to assist customers with the most severe credit problems. The overall cost for comparison is 7.65% APRC. For secured loans a broker fee up to 10% of the loan amount borrowed may be payable on successful completion. A lender fee may also apply. The actual APRC available will depend on your circumstances. All loans are subject to status. Please ask for a personalised illustration.

The guidance and/or advice contained in this website is subject to UK regulatory regime and is therefore restricted to consumers based in the UK.

Caboodle Financial Services Ltd, registered in England at Mere Green House, 46-48 Mere Green Road, Sutton Coldfield, West Midlands B75 5BT (number 08044670).
Caboodle Financial Services Ltd is an appointed representative of PRIMIS Mortgage Network (PRIMIS), a trading name of Advance Mortgage Funding Ltd which is authorised and regulated by the Financial Conduct Authority. PRIMIS is only responsible for the service and quality of advice provided to you in relation to mortgages, protection insurance and general insurance products. Any other product or service offered by Caboodle Financial Services Ltd may not be the responsibility of PRIMIS and may also not be subject to regulation by the Financial Conduct Authority. The Financial Conduct Authority does not regulate some forms of Buy to Let.

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