Any landlord or property investor who has watched and listened closely to the budgets over the last few years and keeps up to date with the 400+ rules and regulations, will feel that the good work done in looking after tenants properly isn’t being appreciated by the Government much, if at all.Read on
: Archive - November 2016
Under the Immigration Act 2014, the Right to Rent scheme was rolled out across England on 1st February 2016, requiring every new tenant to be checked before any tenancy agreement is signed, to ensure they are legally entitled to be in the UK.Read on
There is no guarantee that it will be possible to arrange continuous letting of the property, nor that rental income will be sufficient to meet the cost of the mortgage.
Your home may be repossessed if you do not keep up repayments on your mortgage.
There will be a fee for mortgage advice. The actual amount you pay will depend upon your circumstances.
The fee is up to 1% but a typical fee is 0.3% of the amount borrowed.