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10 Tips For Buy-To-Let Investment Success

10 Tips For Buy-To-Let Investment Success

Post submitted by Intire Bristol letting agents. More and more people are investing in a second property as a long term investment plan. Use the steps below to ensure that your Buy-To-Let investment is a success.

# 1 Choose The Right Property

The location is extremely important. Make sure that speak to a number of local letting agents to determine the supply and demand in the area. Look at such things as whether there are local employers or a university. You can get the details of letting agents near you by contacting The Association of Residential Letting Agents.

# 2 Choose The Right Mortgage

You will need to check with your lender to how much you eligible to borrow. Most lenders will allow you to borrow 85 percent of the properties value. Most lenders will take into account the expected rental income when they are deciding how much they will lend. Make sure that your rental income covers 125 percent of your monthly mortgage payment.

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London Apartment: What Is The Difference Between A ‘Standalone Apartment’ And An ‘Apart’Otel’.

For the uninitiated to the world of serviced apartments, let me explain what a serviced apartment is.

Serviced Apartment.

A flat that has a separate bedroom, living room, fully-equipped kitchen, bathroom and can be rented for short stays from 1 night to 3 months or even longer. There are hotel benefits such as a maid service, reception.

What is a standalone apartment?

Standalone apartments are serviced apartments ran by a small team within a block of flat. A number of the standalone apartments’ team work Monday to Friday 9:00 -5:00 pm, so anyone checking in outside of these hours will need to pick up their keys to the apartment at another location.

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