Buy to Let Mortgages Weston-Super-Mare
If you are purchasing a house, flat, bungalow to rent you may require a Buy to Let Mortgage. These mortgages charge slightly higher interest rates and fees than standard residential mortgages and it is important that you know the rental market to be able to establish the return you will receive.
I would personally recommend Karen Elkins. Karen is local and being brought up in Weston Super Mare she has a wealth of local knowledge, working closely with many of the Weston Super Mare and Worle estate agents. Karen will help you with what mortgage provider to apply to. Buy to Let providers have different lending criteria and many insist on an independent salary of over £25,000 per annum before they will consider lending on a rental property.
You can email Karen
direct to contact her about a Buy To Let Mortgage.
Please take into consideration when buying a house or flat to rent in North Somerset that you will incur fees before you get any return on your money. Luckily tax deductible there will be the mortgage valuation fee, building surveyor, conveyancing charges, North Somerset's Local Land charge and other bills. Once the property is yours crack open the champagne but remember you are responsible for Council Tax, gas, electricity and water until a tenant moves in.
I suggest you contact me the moment you have exchanged in order that I can work straight away to find you a tenant who can move in the moment you own it. Please remember that many tenants who are already renting and looking to move into a smaller or larger property will need to give a month's notice to their existing landlord.