Did you know you can release money on your existing mortgage to purchase an investment property? Have a listen to the 60 second clip and if you need to know more get in touch via email hello@patrickjamessolutions.co.uk Think carefully before securing other debts against your home. Your home may be repossessed if you do not keep up repayments on your mortgage.
Hello and welcome to today’s snippet into the mortgage world and today’s subject is purchasing a buy to let property. Now there are loads of ways you could do that. You can use savings and purchase a property. You could have inherited money, and you want to purchase the property for investment purposes, a buy to let. However, there are people out there that own their own home and may have sufficient equity, and you could look at doing that. Now don’t get me wrong. I’m a landlord myself, there is loads of things to consider. It’s not easy being a landlord, but there is support there for you to be able to understand exactly if it is right for you, not just on the financial side. It’s understanding what being a buy to let landlord entails and what other services you need to look into taxation etc .so if you own your own property and you have sufficient equity, why not give us a shout and see if there’s anything we can do for you?