How Much Can You Borrow?

What you can borrow is generally linked to the amount of rental income you might realistically expect to receive, so do some research – find out from the local paper about similar rental properties in the same or an equivalent locality, and talk to local letting agents about the property you are considering.

A lender might stipulate that the expected rental income has to be 30% higher than your mortgage payment, and you will need to pay a deposit of around 20% of the value of the property.

The need for rental property is growing and if you attract the right tenants your investment can bring reliable returns. A Peter Male adviser will have a finger on the pulse of buy to let mortgages.

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About Buy To Let Mortgages

A buy to let mortgage is secured against the property

Investing in property can give you regular rental income as well as capital growth when selling the property in the future, although it is important to remember that property prices can go down as well as up. And it can be harder to get at your money quickly than with paper investments because you will need to sell or to remortgage the property, both of which will incur costs.

It's more than just a budget for buy to let mortgages

Planning to pay back a buy to let mortgage is one thing. Making sure your covered and protected, keep the property to legal standards for the rent market and ensuring you abide by landlord insurance requirements are all part of the package.

So if you need planning advice as well as buy to let mortgage speak to one of our mortgage advisors, whether in Spain or the UK you should understand the risks and take professional advice where needed.

What About Direct & Indirect Property Investment?

Could buy to let mortgages be useful instead?

If you are thinking of direct property investment as a way of making money it's important to know the risks.

Ensure You Understand.

Property investment carries high risks. When considering a buy-to-let property you should seek expert advice on legal, tax, financial & property management matters.

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Being A Responsible Landlord

The responsibility for purchasing a buy-to-let property rests with the investor.

Owning investment property carries all the responsibility of running a small business and you have important legal responsibilities, such as ensuring your tenants' safety.

Consider Mortgage Protection

When it comes to mortgage protection life cover, mortgage payment protection insurance (MPPI) or payment protection insurance (PPI) our sole aim is to find the correct policy for you.

Peter Male offers a selection of competitive standalone PPI policies from a range of providers. But don't just take our word for it; find out what insurance providers are allowed by law to offer, and what independent financial services can do for you at Moneymadeclear on the Financial Services Authority (FSA) website.