Buy to Let Mortgage Brokers in Lewisham
If you are interested in buying a property you can rent to others you could not have picked a better time. The Lewisham rental market is red hot and likely to stay that way for the foreseeable future. A rental property (or two) is an ideal way to secure your financial future, but to get the best deal on a mortgage you’ll need to work with an experienced Buy to Let mortgage broker in Lewisham. That broker is Mortigo.
Good Reasons to Talk to a Buy to Let Mortgage Broker in Lewisham
Income properties make a potentially outstanding investment for a number of reasons, including:
- Rental income covers your monthly mortgage payment and everything you take in after that goes in your pocket. It’s an example of passive income at its best.
- The finite nature of land means that there is only so much to go around. In an increasingly crowded world, such a limited commodity is destined to increase in value.
- Supply and demand is such that average rents in the UK in the past year have increased by 16%. It’s one of the few sources of income that has stayed ahead of inflation.
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Other Things to Consider
While rental property can transform the nature of your financial state purchasing rental properties does not come without risks. Those risks include:
- If the property is in good shape it’s unlikely you will have difficulty finding tenants. But you might. You need to accept that risk.
- While most tenants act responsibly there’s always a chance you will be saddled with someone who turns into a significant headache.
- Buy to let purchases are assessed an additional 3% Stamp Duty. Depending on the value of the property this could add up to a significant amount of money.
Get in Touch with Mortigo
If you are in search of a Buy to Let mortgage broker in Lewisham with a sterling reputation and vast experience, get in touch with the team at Mortigo. Our innovative 3-Step application process eliminates the hassles and delays of traditional brokers and employs leading-edge technology to find the best possible deal for you in no time flat.