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Getting On The Buy To Let Property Ladder
 With the average UK house price having more than double in the last 5 years throughout all regions of the UK, getting on the property ladder is becoming an increasingly difficult task especially for London real estate. First time buyers are really struggling to put up the kind of deposits required to satisfy lenders requirements. Some first time buyers have resorted to purchasing cheap real estate abroad which they rent out with the view to cashing in on the capital growth over 2 or years so that they are able to place a deposit on a UK property. But why purchase abroad when you can do the same at home? Why not climb the UK buy to let property ladder instead? "Sure. But I need a deposit to purchase a Buy To Let property. Don't I?" Actually, you don't. In fact you do not need a deposit at all. If you are able to negotiate a 15% discount on a brand new or second hand property here in the UK then you can purchase any property for let without putting down one single penny as a deposit! Let Mortgages have introduced a 15% Builders Or Gifted Deposit But To Let Mortgage which is available to first time buyers to purchase investment property. There are many cases where a 15% discount could be available. For example, builders often have 'standing stock' which they need to move fast at the end of a building phase and are open to discounts on the purchase price. If you can agree to a 15% discount then you can almost guarantee a mortgage offer on the property. Even if the property does not stack-up' rental-wise, the short fall can be supported by income. Many 2nd hand properties can be purchased at 15% below market value. For example, repossessions, divorce, death, quick sale etc.. all bring buying opportunities for a discount. Let's take a case study as an example: A property is valued at: £200,000 and you negotiate a purchase
price of £170,000 If we then assume a real estate appreciation of 10% in the 1st year,
the property has a value of £220,000 after year 1 and you have
£50,000 equity in the property. Even if you were to sell the buy to let property at 10% below the market value in year 2 (ie. £217,800) you still collect a profit of £47,800 before tax. So ask yourself this question. Would £47,800 be enough for a deposit on a residential property for a first time buyer? There is never a bad time to invest in property. Historically, property has always risen in price regardless of any short term trends. Let Mortgages Limited has exclusive access to the best deals for investors who wish to grow their portfolio fast and at the minimum cost. Check out our No Proof Of Rental Income Required Buy To Let Mortgages & for those who are able to negotiate a 15% discount a 15% Builders Deposit Buy To Let Mortgages or 15% gifted deposit will allow you to purchase without using your own funds!
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OR Complete The Following Application Form And See How Fast We Respond...With over 8500 mortgages available, you can save 1000's by finding the best deal to suit your requirements. We specialise in exclusive Buy To Let Mortgage products for the investor who wishes to build a property porfolio at the minimum of financial outlay. Let our UK based skilled and regulated financial team help you. Fill in the form below and you will be contacted shortly. |
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