Boost your finances with a BTL!

Whether it’s a place for the future, a family member or to fund your retirement, buying a property to rent out could help.

There’s just something about property.
In addition to buying your own home, a major milestone for many, owning property to make more of your money can be extremely fulfilling. Buying a place to rent out could give you a potential new source of income now, as well as being a long-term investment for the future.

It can also fit nicely with so many situations in life. You could be approaching retirement and looking for an alternative to investing via a pension, buying a property for your child to live in one day or have as an asset in their name, or looking for ways to diversify your investment portfolio.

Some people buy a property for themselves that they don’t need just yet – perhaps in the place they plan to move to when they retire or start a family. Others simply want do it to as a way to generate an income – simple as that.

Whatever the reason, there’s a strength about property that can draw people to it. Obviously, there are risks – house prices can fall and there are usually mortgage payments to meet whatever happens. Also, you may struggle to find tenants, there are maintenance costs to cover and stamp duty to pay (although the government recently announced in 2020 a temporary holiday on stamp duty on the first £500,000 of property sales across England and Northern Ireland). If you’re interested, then it’s definitely worth talking to Firco Mortgages to see how we could complement your broader financial planning, and to discuss the other options available.

But with that all in mind, many are still pulled to property quite simply because it’s real. You can touch it, and that is what matters.

Potential deals as house prices could fall this year
If you have the urge to buy-to-let, the government’s stamp duty holiday, which runs until the end of March 2021, could make this a good time to act. It could save buyers up to £15,000, based on current stamp duty charges.

It’s therefore a strong incentive for anyone thinking of buying somewhere to rent out.

The government’s 3% stamp duty surcharge on buy-to-let properties still applies, but the recent changes certainly provide a window of opportunity to those who had been considering expanding their property portfolio.

How we could help
Whatever your reason, and whatever your timing, our range of mortgage lenders could have options tht can be tailored to your buy-to-let needs. Here are just some of the benefits we could provide:

  • you could take out a buy-to-let mortgage through us for one property or several, expanding your investment as much as you want
  • as well as providing mortgage advice for individuals, we can also help with special purpose vehicle (SPV) buy-to-let mortgages
Buying any property for any reason can be daunting and often involves tough choices. If you’re considering buy-to-let, our financial planning experts can guide you through the process and help you every step of the way.

Get a mortgage with Firco Mortgages today

  • A top rated online mortgage broker
  • Thousands of deals from over 90 lenders
  • Straight forward online application process
  • No waiting for appointments
  • No paperwork
  • Free ongoing mortgage monitoring
No matter what this year has in store, check in with us regularly to ensure you’re on the best products for your needs – lenders continue to offer attractive deals, we can find the most suitable one for you.

We don’t tend to publish mortgage rates on our website. In most cases rates are negotiable and based squarely on the individual circumstances of the borrower, their plans, assets and income.

Firco Mortgages is an independent mortgage broker that has strong relationships with the key lenders in the UK mortgage market, including those private banks who do not have a high-street presence. We arrange bespoke mortgage solutions for our clients, providing a tailored one-to-one advisory service, delivered face-to-face or remotely, depending on what suits you.

Please click on ‘Become a Client, Enquire Now’ at the bottom of the page and complete the enquiry form and we will normally contact you within the same working day during business hours or if you would prefer us to contact you outside normal business hours then please advise and we will quite happily do so. Alternatively you can email us with details about your requirements to or call us on 0151 372 0388

The above article is purely for information purposes and does not constitute advice.

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