Tips for the Best Buy-to-Let Mortgages

Real estate mortgage concept

Many people are looking to buy properties as an investment in the modern property market. Both commercial property and domestic, investing in properties throughout London and the country has never been more sought after.

However, when you are first starting out on such an enterprise it is important to thoroughly research the process. It is very easy to become overwhelmed by the jargon and technicalities that surround a regular mortgage, so you must prepare yourself to deal with the extra intricacies that accompany a buy-to-let mortgage.

So, what are some of the best tips for someone wanting to invest in their first buy-to-let property?

Choose the Right Area


Obviously, commercial tenants are sometimes more concerned with the location of a property than the state of the property itself. Prime retail locations in London will always find a tenant, for example, even if the property itself leaves something to be desired. Purchasing such a property and increasing the standards can be a great way to attract tenants for both location and quality, as you may save money on the initial sale if it is in a less than perfect condition.

Find Your Perfect Tenant

You may find that the more you know about the property you seek to buy and the person you to rent it to, the more of a solid prospect you will seem. Having a plan will make you a safer investment for a mortgage.

Seek Out The Best Mortgage

Real estate mortgage concept

A mortgage can come in many different forms, as different banks (and even supermarkets) offer so many different rates and perks. So, don’t be afraid to shop around and try to find the best deal for you. Don’t fall into the trap of settling for the first mortgage that comes your way, as it may not be the best rate and will eventually cost you much more money.

Renovation Projects

As already stated, sometimes location is paramount. So, a renovation project should not leave you with a cold sweat. In fact, even if you decide to not keep the property you may find yourself making a profit due to the increased condition of a property you have renovated.

Be a Realist

At the end of the day, the property market is not kind to idle dreamers. To succeed you must be a realist and take responsibility for the property you seek to rent. If you realise that the mortgage will cost you more then the rent each month, seek out a more cost-effective property and work your way up.

If you need more advice, or want to know how Prideview can help you, contact us today to speak to our team.

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