Buy to Let
Buy-to-let is appealing due to the potential for dual income streams. Not only does the property have the potential to increase in value over time, but it can also provide a regular monthly income that covers the cost of the mortgage repayment. Many of IMC’s clients look to this as a means of planning for their retirement.
Buy-to-let mortgages require a larger deposit than standard residential mortgages. Usually, this is at least 25% of the property’s value. Lenders also consider the rental income that the property being purchased can command. This income must exceed the mortgage repayment value by a specified percentage.
The IMC team can work through different scenarios with you, including mortgage calculations and comparisons. We can also advise on the latest tax implications in the buy-to-let marketplace and how this will relate to your purchase. To discuss the buy-to-let mortgage options available to you, get in touch with the IMC team for tailored information and advice.
Think carefully before securing other debts against your home. Your home may be repossessed if you do not keep up repayments on your mortgage.