By UK Mortgage Centre
The podcast currently has 19 episodes available.
We can all get sucked into the ideology that we want to own a 10 properties and we've decided we're buying the next house we see, regardless!
Wait!
This is that thing that might cause you a headache further down the line.
Do your research!
A Buy to Let is a great investment that creates additional income and capital appreciation, but it also too carries additional responsibilities.
There are a number of questions you'll need to ask yourself when buying a property to let out.
Where are you going to buy?
What are the idea tenants?
If there isn't a tenant - can you cover the mortgage? Will it impact your lifestyle?
Have you factored in any additional fees into your budget?
What's the best interest rate you can achieve?
And that's just the tip of the iceberg!
We're with Sam McWilliams in this episode, talking all things buy to let and how you can get yourself in the best shape ahead of your next investment property.
Equity Release is where you release the equity in your property to be used for any legal purpose.
Now, you're probably wandering why you'd do that if you're still paying a mortgage but it's important to note that this type of finance is designed specifically for those over the age of 55.
You can use the money you raise for just about anything (as long as it's legal!). This could include:
The main difference is that the majority of Lifetime Mortgages are open ended, where a residential mortgage usually has a term associated with it!
It gives you a little bit more freedom heading towards retirement.
The affordability assessment is different to a normal mortgage too - these are based on your Age vs. the property value.
The older you are, the more you can lend.
Pretty straightforward right?
Equity Release isn't for everyone, so you should absolutely make sure you're booked in with Lee to see if it's the right option for you or your family.
Moving home, is a transaction of Emotion.
All the good times shared and memories made, but the feeling of prosperity and new chapters ahead.
Getting the right agent to help you on your way is one of the big decisions you'll need to make.
Will you want to use a personal local agent?
Will you want to use an online agent that's out of town?
Who will get the best features of your property captured the best?
But let's not forget, an estate agent can also be your best pal whilst you and your family make this next step.
In the episode we cover off number of frequently asked questions when it comes to selling your home, so sit back and take note, let's make sure your next purchase is a breeze.
The podcast currently has 19 episodes available.