Mortgage tips

Mortgages, and a good broker, play key parts when you are a property investor.

This may sound obvious but having a reliable efficient broker can help you secure a deal which is time critical, which is often the reason an agent will deal with you, and allow you to secure a good deal.

It is also very important in the world of buy to let, that you are fully aware of the monthly repayments to make sure potential rents would cover them. And what happens if interest rates go up 0.5%? Should you take a fixed rate for security?

It is important when working out your monthly costs, you allow for void periods, and maintenance costs as well as your monthly repayments.

You need to be clear on best options regarding interest only or capital and interest repayments and fixed rate or variable rate repayments.

My recommendations? Firstly ideally speak to an independent broker, so you are not limited to only one lender.

My Recommended Broker

Many people ask me who I use, and what are key criteria when choosing a broker. For me what is key is that they are:

Independent so will not be limited in the mortgages they can offer you

Are efficient ie they chase you, not the other way around!!

Understand the world of property investing!

If can get all these qualities, stick with them! It can be difficult to get hold of a good, reliable broker.

My recommended guy has an excellent reputation and is well established - being a regular on property forums.

His name is John, and can be contacted, in the first instance at finance@property-investment-tips.com

If you send a quick email, with your name, email address and best contact number, and any other releveant information, and he or one of his team will contact you within 24 hours.

Before that you may want to check out a site I have come across which has excellent information and advice.

It gives some good basic advice such as:

Selecting the ideal loan

Choosing your lender

Mortgage options, such as:100%, buy to lets, current account, self certification

Top 10 tips

Buy to Let tips

Repayment Calculator

Possible Dangers

Check it out, there is some good free advice, at Mortgage Advice!

For further advice check out,

Buy to Let mortgage advice for the Uk Property landlord

And remember to contact our recommended mortgage broker, John who can be contacted, in the first instance at finance@property-investment-tips.com

Also check out my tips on property tax.

Also check out my tips on property investment in the UK!!