Mortgage Update and Big News

property investors network Podcast

Mark's podcast today features a special guest, Jonny Dunn, who works for DNA Financial Solutions.
According to Jonny, Buy To Let rates are currently at 3.6% when obtained through a LTD Company. However, keep in mind that even though rates are low, expect to pay high fees. Lenders need to make money too, so regardless of whether the rate is low or high, the arrangement fee is where they will catch you out. A lender can claim to have the best rate in the market, but they will recover the discount they offer by charging a fee.
To increase the value of your property, Jonny recommends investing in interior design, repainting the walls, and ensuring that both the interior and exterior of the property look good. You want the Valuer to appreciate your property so that it is worth much more than it would be if you didn't do these things.
Mark also advises that if you find a broker and a good deal, lock it in now. Delaying a deal will only cause you to miss out on potential rent and waste a lot of time.
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