In today’s unstable financial climate, owning property is one of the safest bets. More and more people are putting their life savings into a property, making it a market that is never going to decline any time soon. If you are thinking about making money from property, here are some things to note:
- Put down as large a deposit as you can. If you want to secure a good mortgage rate for a buy to let property, you need to put down a significant deposit.
- Consult a financial adviser. They will be able to help you secure the right mortgage for you and can advise on all the implications of having a buy to let property.
- Invest in blocks. If you have enough money to buy a block of flats or even some land to build on, this can be a great investment. You will be the freeholder and can make money from the property.