In clear, easy-to-grasp language, the author covers many of the topics that you will need to know in order to launch and run a successful business venture.
All About Buy To Let Mortgages tells you all you need to know about getting the best from using buy-to-let mortgages to buy UK investment property. Whether you want to buy one property or many (even growing it to a considerable property empire), the choice is yours when you know how to find the best mortgage deals offering cheap property finance. By remortgaging, you can recycle your deposit money to use on the next buy-to-let investment and then rinse and repeat as many times as you want. So there is no need to worry about how much deposit money you have, as this won’t necessarily limit you.
To help you find the best mortgage deals, by market search and mortgage comparison, you can use mortgage brokers or mortgage advisors and this book shows you how to choose the right broker or advisor to get you the best mortgage advice. However, you will still need to know how to compare mortgages and this book shows you how.
Other areas covered in the book, amongst many others, include:
-Correctly using buy-to-let mortgage calculators to fairly compare mortgages;
-Understanding the full costs of taking out a mortgage or carrying out a remortgage;
-How to best use the popular interest-only mortgages and avoid the pitfalls;
-Understanding the terminology used by your mortgage broker or mortgage advisor;
-Going direct to lenders to access their best mortgage deals not available elsewhere;
-Using more than just the best mortgage interest rates to compare mortgages;
-Finding the best mortgage deals to best suit your own specific requirements;
-How taxation affects the benefits you can get from using buy-to-let mortgages;
-Raising money for mortgage deposit payments and covering the other costs;
-Understanding how national interest rates affect mortgage costs, helping you save money;
-Choosing the best kind of mortgage including variable, tracker, and fixed rate mortgages;
-Methods of repayment of the mortgage loan capital, to give you full property ownership;
-Equity release and how best to use it in property investment to reinvest and keep costs low;
-Understanding loan-to-value and rental income cover ratios to get the largest loans;
-Buying and profiting from unmortgageable properties by making these mortgageable;
-Understanding various mortgage criteria and how this affects the mortgages you can get;
-Using a mortgage decision in principle to secure property purchases quickly.
In fact, it presents all the essentials you will need to know about to become proficient in this area of using buy-to-let mortgages to provide cheap property financing.