When you buy your home, you’ll probably need to take out a loan to pay for it.
If you have decided to take the plunge into purchasing a property as a means of generating a surplus cash flow or to obtain the potential for capital growth our advisers will take you through the whole process. Helping you establish the most suitable lender and scheme for your personal circumstances from the whole of market.
Obtaining a Buy to Let mortgage is now getting to be a more specialised arrangement as your ability to successfully apply for a loan will not only consider your personal income but also the rental income based on a lenders own stress rate. There will be a number of permutations based on whether or not you are a first time buyer, a fist time landlord or both a first time buyer and first time landlord. With changes to taxation being phased in over the next couple of years as a result of the governments introduction of section 24 concerning tax liabilities you should be aware of the tax implications of buying and owning an investment property. Although are advisers are not tax specialist they do work with a number of professionals who will be able to advise you on areas such as taxation and conveyancing. We have experience of helping our clients purchasing from a number of sources from Auctions to estate agents advising of areas which are subject to restrictive covenants such as article 4 and selective licensing which have been brought out by certain councils to restrict the number of Homes under multiple occupation.