Buy to Let
Buy to Let
Mortgage Finance
Finance is a fundamental part of the acquisition process. It usually makes sense for tax purposes; to borrow part of the purchase price, as all interest on a mortgage of whatever size is allowable against the rental income for U.K taxation purposes.
Securing finance for expatriates and U.K based investors is a specialized business. Clients are able to obtain attractive Mortgage rates in today's market place. Lenders are sometimes flexible in interpreting their own lending criteria because of the confidence that they have in our expertise in choosing the right properties at the right prices
In most instances we are able to secure finance for investment property at rates, which are very little or no higher than owner-occupier mortgages via our recommended brokers. The terms obtainable depend on a variety of factors including country of residence, age of borrower and type of property being purchased.
PWR Property Consultants’ mortgage brokers, give independent advice as to which lender is likely to offer the best terms to each individual Client, and are not tied in any way to any specific bank or building society. They can normally provide Finance, subject to status, of up to 80% of the Valuation of the property.
Acquisitions
Buying a property to let is often a very different process to buying your own home. The choice of location is probably the most important factor, with the size, age and condition of the property following close behind.
Making the right choice could be the difference between a straightforward, successful let, and a disappointing venture in the property world and therefore PWR are able to provide a full service, which will include Acquisition, Refurbishment, Finance, Letting and Property Management. Our aim is to "under promise and over deliver", on every aspect of our service.
Since the housing act of 1988, it is entirely safe for property owners to let houses and flats with an absolute right of repossession as long as certain conditions are adhered to at the start of the tenancy.
For every property purchased by a client, PWR Property Consultants will typically have considered several properties, usually three or four of these properties will be inspected and offers made on two or three of them. Our clients often have first opportunity to purchase properties at attractive prices.
PWR Property Consultants select each property for purchase for a Client only when it fulfills our strict criteria: -
- Location - must be ideal for letting with potential future capital growth.
- Type - Properties are selected depending on funds available and the clients' wish for capital growth, or income or a combination of the two.
- Price - Our objective is to negotiate the price of each property recommended to the absolute minimum.
Property Search Service
By utilizing our property search service you can be sure that the property you are buying is in the right location and is being bought at the right price. For a modest charge we will undertake the following;
- A full assessment of your requirements
- Property search to find a shortlist of suitable investment properties
- Rental appraisal and recommendations
- Yield information on all short listed properties
- Communication with your solicitor and accountant
- Buy to Let mortgage arrangements through our brokers
- Comprehensive letting and management service
- Specialized tenanted property insurance
