Should I Invest In Buy-To-Let Property
Investing in property is a great way to make your money work for you.
£ You do not need to buy a property outright, there are many good buy-to-let mortgage deals several requiring only about 25% deposit.
£ You should look for property that can produce a yield of over 5%.
£ Yield is calculated as the annual rent as a percentage of the value of the property.
£ You can offset costs (like mortgage payments and maintenance) against tax.
£ Consider buy-to-let as a long term investment. Property prices will go up and down, but over the long term they should increase.
£ Worried it might be too ‘hands on’? Getting the right tenants and maintaining the property can be managed by a good letting agent.
£ What sort of property should you invest in?
At Red Squirrel we can give you some ideas of how a buy-to-let property could work for you. We even let and maintain properties.