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Equity Release
for Buy-to-Let Property
If you have equity
in property, one
way to make it work
for you could be
to use it for a
buy-to-let property
through an equity
release scheme.
Unlocking the equity
in your home for
another property
could potentially
give you an excellent
long term investment.
You could stand
to benefit both
in terms of the
rental income and
possible capital
growth as the market
value of the property
increases. In the
future, if the market
continues to rise,
you could then release
further equity and
use this for another
buy-to-let
and so on, and build
up a property portfolio.
Becoming a landlord
however, is not
necessarily easy
money. Your property
must be well maintained
and must by law
comply with a number
of criteria. If
you use an agent
or property management
company to find
and vet tenants
and to manage the
property, they will
probably charge
an upfront finding
fee and a percentage
of each month’s
rent.
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Before making the decision to buy a property, talk to local estate agents about your plans for renting it. They will be able to advise you on the types of properties for which there is demand in the area and how much rent you can expect to charge.
To find out more about releasing the equity in your home for buying a rental property, please complete an Equity Release Mortgage Enquiry Form above and we will arrange for one of our advisers to contact you. Or you could call us on 0845 108 0505. |
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