Following on from our summary on the recent tax changes, now may well be the time to time to look at freeing up money in your current property or properties to expand your portfolio before the BTLL 3% levy kicks in, in April.
We’ve been working closely with award winning mortgage advisors, First Mortgage who are very well placed to advise on whether it would be a sensible option to free up any equity held and to purchase another buy to let investment at this time. First Mortgage offer free whole-of-market mortgage advice and they have access to a wide range of special mortgage deals. They are extremely well informed on current mortgage products and do a fantastic job of leading you through the mortgage process, dealing with lenders, solicitors and surveyors on your behalf to ensure that everything goes smoothly. They are also a pleasure to deal with.
Ian McGrail, Managing Director of First Mortgage notes that the Buy to Let sector has seen a resurgence over the past year or so, with ultra-low interest rates drawing in more buyers than ever. Coupled with steady improvements in the property market that shows no signs of slowing down, Buy to Let is proving to be a consistently solid option for investors. However, as the introduction of the additional 3% stamp duty and axe of mortgage interest relief looms, it’s more important than ever to get the right advice. First Mortgage offer a free, impartial mortgage advice service that covers the whole of market. We work closely with lenders and deal with them on your behalf, to make sure you’re getting the right deal for your personal circumstances.
You may be surprised at the range of options you have so if you would like us to put you in touch with one of their expert mortgage brokers, for a free, no-obligation chat please email [email protected] and we’ll introduce you to the right people at First Mortgage.