Buying High Value Property

Many Buy to Letters purchase property in prime areas to gain from the properties appreciating value rather than from its potential rental income. These properties are invariably very expensive which means that the normal mortgage arrangement, based on rental income, is unworkable.

In these circumstances, it is possible to have your overall income taken into consideration for the mortgage, rather than its rental value.  Obviously, this would only be a suitable arrangement for people who have high net disposable incomes or where they have substantially reduced or cleared any existing mortgages on their other properties.

With this strategy, the rent is used to reduce the overall monthly outgoing to a level that can be sustained over the period required for sufficient capital appreciation.

If you are intending to apply such a strategy, click the mortgage button at the top left of your screen, complete the simple application form that will appear and one of our specialists will get in touch to explain what can be done.

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