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Costs of Buy To Let
As well as your mortgage payments, you’ll need to pay for property upkeep and maintenance and buildings insurance. You’ll need to consider contents insurance if the property is furnished. You’ll also need to put money aside to cover your mortgage payments if the property is ever unoccupied.
If you’re using a letting agent, they usually charge to find a tenant and to manage the property. Shop around to make sure you're getting a good deal.
There are also taxes to consider, including stamp duty, income tax and capital gains tax. A good accountant could help you save a lot of money by managing your tax in the most efficient way.
How to apply
We like to make your life easier, call into one of our branches and talk to one of our friendly and professional staff. Alternatively, you can call us on 01509 631950 or request a callback at a time convenient to you.
It will help to have handy
- ID and proof of residency in UK
- Details of income for all applicants
- Particulars of property being mortgaged
