Read on as we discover the 8 best buy-to-let mortgages available to investors across the UK.
Best Buy-to-Let Mortgages
8 Best Buy-to-Let Mortgages (UK): FAQs
Can a mortgage adviser help me secure a buy-to-let property?
Mortgage advisers will search for buy-to-let deals to find you the best interest rate and mortgage term applicable to your own circumstances. You will need to pay your mortgage adviser a fee, however, although unique packages could be accessible.
Can I earn an income from buy-to-let properties?
If you rent out the property for a much higher value than the mortgage repayment amount, you could earn a comfortable income. Some investors will obtain an interest-only buy-to-let mortgage so they can keep more of their rental income. However, the outstanding balance of the loan will never decrease with an interest-only loan.
Will I pay capital gains tax?
Capital gains tax is payable when you sell a property. You must pay tax on the ‘gain’ you have achieved which is the difference between what you paid for the property and the amount you sold the property for. You can deduct any estate agents and solicitors fees from this amount, however.
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