Tower York Financial Services - Buy To Let Mortgages.

Navigation

Financial Services

At Tower York we have an arrangement to introduce you to the expert financial advice offered by Alan Brown of the highly successful St. James's Place Wealth Management.

Using his knowledge and experience he can help you take control of your financial future.

Tower York Buy To Let Mortgages Choose your Buy-to-Let mortgage carefully.

Your specialist buy-to-let mortgage broker York is Tower York Financial Services who can help you buy the right property to let.

It seems that buy-to-let is always a hot topic. Until recently buy-to-let properties were seen as an easy way for ordinary people to make money. The investment property was often bought to provide a pension.

Now the tide has changed. Media stories are full of falling rents, empty rental properties and negative equity.

But now could be a good time to take advantage of falling house prices and relaxation of stamp duty and step into the buy-to-let market.

True: some investors are struggling with negative equity or empty flats.

True: mortgage lenders are no longer so generous in lending to potential landlords.

BUT, the right property in the right area could continue to be a good long-term investment. There is still demand for houses to rent for student lets, professionals and houses of multiple occupancy, particularly in areas that are close to universities and hospitals.

As your specialist buy-to-let mortgage adviser in York, Tower York Financial Services can help you buy the right investment property to meet your needs, whether you want to invest for rental returns or for long term capital growth. Mortgage advice can be part of your overall financial plan.

Letting out your current home is also a good option if you need to move and cannot sell your house, particularly if you have over 25% equity in your home.

To get a buy-to-let mortgage you will need a deposit of 25% and your rent will need to cover 125% of the mortgage payment. (i.e if your monthly mortgage payment is £500 you will need rent of £625.) You do not necessarily need a regular income to purchase a property to let. If you meet these criteria there are some very competitive rates available.

And, as house prices continue to fall, investing in a property to rent is becoming an increasingly attractive option. It could be the start of you developing a property portfolio.

To find out whether you could become a landlord, contact us today.

Your home or other property may be repossessed if you do not keep up your repayments on your mortgage.