Many first time buyers are looking to the buy to let market as a way to get their foot on the property ladder with a small deposit. Medical professionals look to let their current home when they relocate so that they don’t have to give up their main residence whilst they are working away, or if the time has come for them to buy a bigger property then the smaller residence can provide a steady secondary income.
If you are already living within easy access to a major NHS employer then the chances are your property will be sought after and yield a high rental income.
You will typically need a deposit of 15% of the property purchase price to get a buy to let or let to buy mortgage. If the rental income looks to be significant, a lender won’t be too concerned with your personal earnings.
If your looking to invest in property for the first time, expand your portfolio or increase your profits, we can offer specialist mortgage advice when you need it.