We are a long-established, specialist, buy to let mortgage broker. We help portfolio landlords invest in or remortgage their properties.
The biggest mistake you can make is rushing into a buy-to-let portfolio purchase. It is crucial to analyze the portfolio thoroughly to understand its real value and potential. As well as identify potential risks or hazards associated with the purchase.
Are properties tenanted?
A portfolio with tenants in situ allows an almost instant monthly income without breaking sweat. You avoid the hassle of marketing several properties at once and avoid having periods of expenses but no rental income.
What’s the area like?
It is important to recognise the wider landscape surrounding your portfolio purchase. Are there planned developments nearby that will affect the portfolio? More amenities may make the properties more desirable and valuable, however, an increase in surrounding properties could increase competition.
Have you considered tax?
When budgeting for your portfolio purchase, it is crucial to consider the tax charges you may face. However, there are ways to mitigate this, as a purchase of 6+ will see a multiple dwelling tax relief which could save you tens, potentially hundreds, of thousands in tax.
With UK rent prices rising at their fastest rate for several years, it could be a great time to purchase a property portfolio.
Are you looking for property finance specialists to help with your buy to let portfolio purchase? Contact the team today!
