Use the search to find properties for sale. Aside from the cost of the property itself, a number of one off cost’s also need to be budgeted for i.e. Mortgage valuation and admin fees, mortgage broker fees, survey fees, solicitor fees, stamp duty, removal expenses, final bills from your present home and a deposit on exchange of contracts.
Keep on looking until you find a property that meets all of your requirements. If one comes close arrange a viewing with the agent, what looks like a quiet road could be busy and noisy during rush hour, likewise most houses look great when the sun is shining, but when the weather is miserable the house could look the same. View the property at least three times on different days and at different times to get a good feel of the property overall. more on buying a property
The attraction of "Buy to Let" to investors over recent years has been that property values have risen sharply providing excellent returns with continuing confidence in ‘bricks and mortar’ when compared with traditional forms of investment such as stocks and shares where markets have been volatile and the outlook uncertain.
The investor buys a property to rent to tenants and where there is a mortgage the expectation is that the rent received should cover this cost, hopefully with a profit margin which at least provides for maintenance and to cover periods where the property is empty, sometimes known as ‘voids’. In addition, over time, the hope is that the property will grow in value.
Whatever your reasons for buying-to-let, it's important to remember that it is a medium- to long-term venture and not a way to get rich quick. more on buy to lets
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