What is an HMO Mortgage? Before we jump into HMO mortgages, let’s clear up what an HMO actually is. An HMO or Houses in Multiple Occupation is a property rented out by at least 3 people who aren’t from the same household (like a family) but share basic amenities like bathrooms, toilets, or kitchens. With […]
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A First Time Buyers Guide To Buy-To-Let Mortgages
Can First-Time Buyers Get a Buy-to-Let Mortgage? Yes, you can. But, there are some extra hurdles compared to experienced buyers. Lenders see first-time buyers, defined as someone who has never owned a residential property, as a bit riskier because you haven’t rented out a property before. Here are some of the challenges you might face: […]
Consumer Buy-To-Let Mortgages: What You Need To Know
What is a Consumer Buy to Let Mortgage? Consumer buy-to-let mortgages are special mortgages for accidental landlords. These are people who rent out their home because of unexpected situations, not because they planned to be landlords. They offer more flexibility and protection than regular buy-to-let mortgages. How Do Consumer Buy to Let Work? If you […]
Switching To Buy-To-Let Mortgage: A Quick Guide
What Is a Buy-to-Let Mortgage and Who Needs It? A buy-to-let mortgage lets you borrow money to buy a property you plan to rent out. It’s ideal if you’re eyeing property investment. This option suits those moving to a new home but wishing to keep their old one as a rental property. It also works […]
Buy-To-Sell Mortgages: How To Finance A House Flip?
What Are Buy-to-Sell Mortgages? Buy-to-sell mortgages are designed for short-term property investments. These mortgages are ideal if you plan to sell the property soon after buying it. They’re quite different from traditional residential mortgages, which are typically spread over many years. With a buy-to-sell mortgage, you usually settle the full amount in a shorter period, […]
What Buy-To-Let Taxes Do I Have To Pay?
What Taxes Do I Need To Pay As A Landlord? In the UK, you’ll encounter several taxes related to your buy-to-let property. Here’s a quick overview of what we’ll tackle: Income Tax on Buy-to-Let Income Income tax is the tax you pay on your rental income. This includes rent, security deposits, and any other income […]
