If you`re thinking about entering the buy-to-let market or want to expand your existing portfolio, it is a big decision and you really need to take care with getting the best mortgage possible for you.
Changes in the Budget have made investing in property even more appealing and, in the short-term, that certainly appears to be the case-with rents at a high level and the base rate still at its historically low 0.5 per cent, buying houses may be one way to try to build your savings.
However, the Telegraph has worked out that unless you`re careful and get the most suitable mortgage, you may end up making a loss when interest rates begin to increase, with Wales, the South West and East of England being the areas that could prove to be problematic.
The Telegraph has assumed that the base rate will be at three per cent as soon as 2017, which isn`t beyond the realms of possibility, and even landlords that don`t see their properties turn into money pits could see their returns diminish significantly.
So, if you want to look at multiple buy to let mortgages or remortgages then we could help at First Choice Finance, we will look at the lenders available on our panel and any quotation will be offered to you on a no-obligation basis. You decide whether to proceed or not.
For more about making the most of your buy-to-let, get in touch via firstchoicefinance.co.uk or give us a call on your mobile using 0333 003 1505, otherwise its 0800 298 3000.
Homeowner Secured Loans
Rates From 7.1% APRC
Representative Example £30,000 over 72 months @ £679.90 repayments. Total payable of £49,949. 20.1% APRC including £2,975 intermediary fee and a £995 lender fee. Loans secured on property.
First Choice are tied to certain loan providers.
Mortgages & Remortgages
Borrow £80,000 over 25 years
At 4.6% Variable, £461.95 for
300 months. Total Payable
£138,585. Total Cost Of
Credit £58,585 (incl £1360 fee).
Unsecured Personal Loans REPRESENTATIVE 49.9% APR (VARIABLE)
First Choice are tied to certain unsecured lenders.
THINK CAREFULLY BEFORE SECURING OTHER DEBTS AGAINST
YOUR HOME MAY BE REPOSSESSED IF YOU DO NOT KEEP UP REPAYMENTS ON A MORTGAGE OR ANY OTHER DEBT SECURED ON IT. Security is required on
Established In 1988. Company Registration Number 2316399. Authorised & Regulated By The Financial Conduct Authority (FCA). Firm Reference Number 302981. Mortgages & Homeowner Secured Loans Are Secured On Your Home
First Choice Finance is a trading style of First Choice Funding Limited of The Old Courtyard, 103 Buxton Road, High Lane, Stockport, Cheshire. SK6 8DX. Copyright protected 2014.
Let an First Choice Finance mortgage adviser search to find a mortgage even if you have been rejected finance in the past First Choice Finance have a range of mortgage lenders with specialist bad credit mortgage lenders.