Buy to Let

Buy-to-Let

Considering a buy-to-let investment? Have a chat with one of Saxons expert buy-to-let agents to find out where you can invest and the potential yield that your purchase could offer.

For more information on buy-to-let services available at Saxons, contact us on 01206 517777 or send an email to info@saxonsrentals.co.uk 

Why Should You Choose a

Buy-To-Let Investment?

 

  • Property is generally considered a safe investment
    Although property prices are always fluctuating, the long term value of a
    property should increase and provide you with a profit when you decide to sell.
    • Buy-to-Let investments can generate income for you
      By renting out a property to a tenant, they will pay the property mortgage for
      you. In addition, you should also be left with some extra income each month.
      • There is a high demand for rental properties
        In the current climate renting has become a popular choice and also a
        necessity for many people who can’t afford to buy a property. This means that
        the current rental market is very strong, increasing the likelihood of you
        finding a suitable tenant.

      How Does A Buy-to-Let Mortgage Work?

      • Buy-to-let mortgages are usually interest only. This means that as a landlord you
        would only pay the interest on the loan each month, usually from the rent that you
        Collect, but none of the capital. At the end of the term, you will repay the original loan in full.
        • On the other hand, you can choose to refinance the property if you aren’t ready to pay off the remaining debt at the end of the mortgage term.
          • Some buy-to-let mortgages are run on a capital repayment basis, similar to a normal residential mortgage. You pay some of the capital debt every month, including the added interest.

          Things To Consider When Purchasing A Buy-To-Let Property

          Location

          Where you choose to invest will impact the types of tenants you will attract. For example, properties closer to schools are more likely to attract young families.

          Tenants

          Who will you be renting to? Asking yourself this will have an effect on the type of property you choose to invest in.

          Budget

          Once you have a clear budget to work with, you can calculate your potential income to ensure you can cover your expenses.

          Rental Income

          Understanding the local market will help you to understand how much your property could yield.