Buy to Let Mortgages in South London
Buy-to-let mortgages are a type of investment mortgage that allows you to buy a property with the intention of renting it out to tenants. For expert advice on buy-to-let mortgages in South London, contact Mortigo today.
Are buy-to-let properties a good investment?
The purchase of a buy to let property has become an increasingly popular investment over the past few years. There are several reasons for this; with historically low interest rates, and rising property prices in many parts of the country, buy to let offers the potential for both capital growth and rental income.
However, there are also risks associated with buy to let; as with any property investment, there is always the potential for void periods, or for tenants to damage the property.
It is therefore important to do your research and seek professional advice before making any decisions.
Contact Mortigo today for any buy-to-let mortgage advice in South London.
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South London Buy-to-let mortgages: things to consider…
For many people, buying a property is the biggest investment they will ever make. And with property prices on the rise, it’s no wonder that more and more people are looking at buy to let investments. But are buy to let properties really a good investment?
There are a number of factors to consider when making any investment, and buy to let is no different. One of the most important things to think about is whether there is a demand for rental properties in the area where you’re thinking of buying. If there aren’t enough people looking to rent in the area, it’s likely that your property will sit empty for long periods of time, eating into your profits.
Another thing to consider is the cost of maintaining the property. Unlike a regular home, a buy to let property is an ongoing investment that will need to be regularly maintained and repaired. This can add up over time, so it’s important to make sure you factor this into your calculations when considering whether or not a buy to let investment is right for you.