Investment Properties

Buy to let, consent to let & portfolios

Investment Properties

Buy to let, consent to let & portfolios

You might not be ready to put down roots just yet and need to keep your options open, this is why buying a property to rent out (or buying to let as it is often referred to) can often be a good option.

This means you still have a foot on the ladder whilst deciding your end destination.

A chat with one of our advisers will soon work out which option is better for your circumstances.

Consent to let

Houses

We are often asked “Is there a mortgage especially for Armed Forces to let out a property?” and the response to this is a mixed one.

In short, there are some lenders that will allow what is called a ‘consent to let’ to serving members of the Armed Forces. This allows you to purchase or remortgage a home in the standard way, but with a special agreement in place that will allow you to rent it without the extra charges normally incurred for a rental mortgage.

Buy to let

This type of mortgage is specifically designed for the purpose of letting and therefore can offer you more flexibility in the type of property and rental agreement you have in place.

The affordability of these mortgages is also assessed differently which can be more favourable in some instances. These types of mortgages are often more expensive to set up and have a higher interest rate.

Buy to let
Tax man

Don’t get caught by the taxman

It is always worth noting that regardless of the type of mortgage you are going for, if you let the property out and receive rental income, you must declare it for tax purposes.

Find out more – https://www.gov.uk/guidance/income-tax-when-you-rent-out-a-property-working-out-your-rental-income

Property portfolios

If you already have a property and are considering purchasing more, you really need to weigh up the pros and cons and get the right advice. We can search the whole of the market to find the right lender for your aspirations.

Did you know the way rental income is treated and taxed changed in April 2017?

Find out more – https://www.gov.uk/government/news/changes-to-tax-relief-for-residential-landlords

Call us now on 0330 3322 614

to speak to a member of our team of experienced and qualified financial advisers

Call us now on 0330 3322 614

to speak to a member of our team of experienced and qualified financial advisers

Find out about Forces Help to Buy and get your FREE guide.

Forces Help To Buy Cover Image
Forces Help To Buy Cover Image

Find out about Forces Help to Buy and get your FREE guide.

GET IN TOUCH

Consultations available online, by phone or in person** at a time that suits you.

Call us now on 0330 3322 614 or submit your details below and we'll be in-touch.

 By submitting your details, you consent to their use as set out in our Privacy Policy.

 I am happy to receive future marketing communications from Forces Family Finance.

Cart