A buy to let mortgage is a mortgage on a property with the specific aim of letting.
Letting ones home to buy a new main residence and possibly releasing equity towards the purchase of your new home.
Remortgaging is when you switch your existing mortgage to an alternative lender.
Stamp duty is a tax that is payable on the purchase of a property. Click Here to see our tax tables for the current rates.
Your mortgage lender will appoint a surveyor to value the property being mortgaged, as it is their security.
A basic mortgage valuation is a limited check on the property to ensure that it is adequate security for the proposed mortgage facility. This type of survey is only a valuation and is not in detail and therefore will not detect potential problems with the property.
A homebuyer’s survey (also known as a ‘homebuyers report’) is a concise report/valuation of a property and concentrates on significant or urgent matters.
A building survey (also known as a ‘full structural survey’) is the most thorough report and gives a full structural inspection of the property. It is appropriate for all properties, in particular for listed buildings/ older buildings/ unusually constructed buildings and properties with renovations or plans to renovate. This survey does not include a valuation of the property.
Our initial consultation is free. Capitax’s Financial Advisor, Terry Ievers, will meet with clients to discuss the service(s) required. A fee will be discussed based upon the work and time involved.
We can help you to make the right decisions from the very start. We will advise you on becoming a ‘sole trader’, becoming a partner or the formation of a Company. We will also advise you on any tax implications, personal liability, cash flow etc.
It is a very quick and easy process, just sign and return the HMRC 64-8 form that gives us authority to act, advise your accountant, and leave the rest to us!
We source properties in London’s zones 1 and 2 due to the high demand for rental properties. (Other areas of the UK may be considered.)
Yes, Capitax will carry out inspections approximately 3 times a year to ensure that the property is being maintained in a good condition.