Considering investing in a Buy to Let?
It can be seen as an appealing investment at a time when interest rates are low.
However, it is important that you do things right.
Know your market – consider the risks as well as the benefits – is this the best investment – could your money perform better elsewhere?
Know the area and consider your audience – ideal for commuters to Oxford, Birmingham and London? Best placed for young families looking to be near good schools?
Sum it up – work out how much you can afford and consider your monthly rental income – don’t forget to factor in periods when it could be empty and maintenance costs
Get the best mortgage deal – shop around – talk to an independent broker, they’ll talk you through the latest deals
Managing your assets – consider if you want to manage the rental yourself or get an agent involved – there are pros and cons to both – but consider how hands on you want to be or leave it to the professionals!
Cherwell Property can guide you through every step of the Buy to Let process from buying through to renting – our dedicated team are here to advise and help.