Everyone’s personal story affects their buying options, and it’s worth considering the wisest way to invest along with your particular property checklist (like location, schools, work, etc.). For starters, I recommend looking into:
- A wide range of mortgage products from differeng lenders
- The potential tax liability of the property (particularly with buy-to-let mortgages)
- The overall cost of the mortgage (which can be confusing)
- Balancing your loan to value (LTV) rate: the best deposit and interest combination
We’ve talked about new mortgage products being offered by lenders before. If you’re looking to buy property, there is a growing variety of mortgages, and with more houses likely to join the market, it’s a good time to investigate different kinds and different lenders.
New houses on the market means more people are planning to sell their houses, right? So now is also a good time to consider what you can do with your current property. Just as with buying, your own situation affects your strategy.
Cambridge is a high-demand area, and your options are wide-open, but worth the planning time. With rental yields up, for example, it is worth carefully considering letting your property.
Whether you are in the market for a new home, or are looking at how to make the most from your investments, I’m more than happy to talk with you about your own story.