Why Savvy Fife Buy-to-Let Landlords Don’t Use 10-Year Mortgages
And the reason you shouldn’t either
I know of many Fife buy-to-let landlords who fell into property investing by accident. Many didn’t want to sell their family home when the Fife housing market crashed in the Credit Crunch of 2009/10, yet still needed to move (often for work). They thought they would keep their Fife family home in case they ever moved back to Fife. Yet by keeping it, it couldn’t remain empty (there was still a mortgage to pay on it), so they ended up renting their home out. Continue reading Why Savvy Fife Buy-to-Let Landlords Don’t Use 10-Year Mortgages (3 min read)
“At least one in six people on The Sunday Times Rich List owes their wealth to property or the world of home ownership in some way”. Those are the words of Robert Watts, the man who compiles The Sunday Times Rich List.
Building a successful lettings portfolio is an exciting route to financial freedom, and picking a direction for your buy-to-let business ultimately comes down to two choices: capital growth or rental yield.
Whenever you ask someone if they know a good contractor, you’ll never be far from a tale of woe: the plumber who never turned up; the electrician who bodged the job; the builder who overcharged and left a huge mess.
Fife Buy-to-Let Property Market Going into Crisis?
…as Fife first-time buyers now only need a 5% deposit for a mortgage.
Fife landlords, sell your property portfolios, your tenants will soon be leaving in droves as they buy their first home with the new 5% deposit mortgages backed by the Government’s new mortgage-guarantee scheme revealed in March’s budget! These 95% mortgages are to be supported by the Treasury, lessening losses for mortgage lenders should the borrower be incapable of repaying and get repossessed, as the Government want Generation Rent to turn into Generation Buy. Continue reading Fife Buy-to-Let Property Market Going into Crisis? (watch/read/listen)
The rental market has grown up. Tenancies are running for longer, and with stays of four or more years increasingly common, tenants have higher expectations around the place they’re willing to call home.
Although rent arrears have been a hot topic during the pandemic, it’s far from being a new subject. That said, if the discussion has taught us anything in the last year, it’s that anyone can be affected by economic events: no-one is immune, however high their income.