Should I get a buy-to-let mortgage on my flat ーするために buy my next home? DAVID HOLLINGWORTH replies

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現在／一般に, I own a small one bedroom flat 価値（がある） £92,000 in Manchester 完全な.

I moved out and rented it for £650 a month, minus a £75?維持／整備 告発（する），告訴（する）／料金 and £55 a month I 支払う／賃金 to the letting 機関.

I am renting a one bedroom flat at a cost of £800 a month. I earn £25,000 a year.

I was thinking of taking £50,000 out of the flat I own to put 負かす／撃墜する as a deposit に向かって a £100,000 house I would buy.?

Mortgage help: Our 週刊誌 Navigate the Mortgage Maze column 星／主役にするs 仲買人 David Hollingworth answering your questions

This would leave me with a mortgage of say £50,000. 加える the £50,000 borrowed on a buy-to-let mortgage I would be taking out on my flat.

The mortgage 率s I hav e been 申し込む／申し出d are very high. I will be 告発（する），告訴（する）／料金d 9.8 per cent on the buy-to-let remortgage on my flat for £50,000.?

Then I will get 7.9 per cent on the 居住の mortgage for the £100,000 house I wish to buy.

Would you 持つ／拘留する 解雇する／砲火／射撃 until 2026 when I could sell my flat and just buy the house 完全な with extra monies saved during these next few years??

I feel I am 存在 conned by these 高金利s.?

And it would be wiser to wait where I can buy the house for cash or at least the 大多数 in cash.?

Also if those 利益／興味 率s went any higher in the 未来, I could maybe struggle to 支払う／賃金 both mortgages.

What would you 示唆する? Am I thinking 訂正する? I am also 関心d about the extra 3 per cent stamp 義務 告発（する），告訴（する）／料金 when buying a second proper ty, J.M.

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David Hollingworth replies:?It's good to take your time to reach a 決定／判定勝ち（する）, rather than 急ぐing into something that could leave you stretched.?

It's always 価値（がある） thinking of the possible consequences before taking on 負債, 特に when you are in the fortunate position of 現在／一般に having no mortgages at all.

The 決定／判定勝ち（する） to move out of the 存在するing 所有物／資産／財産 and let it could have stemmed from a need to move area for work, or because the 所有物／資産／財産 was no longer suitable for your 必要物／必要条件s.?

We'll therefore assume that you would not move 支援する to the let 所有物／資産／財産 to 削減（する） costs.

Could you sell?

Perhaps the most obvious 大勝する is to sell the 存在するing 所有物／資産／財産 before, or at the same time as, buying a new main 住居.?

That would 避ける taking on a 大幅に bigger 負債 than you might さもなければ 要求する to 完全にする the 購入（する） of the new home.

Selling the let 所有物／資産／財産 will 解放（する） the 公正，普通株主権 enabling it to be put into the onward 購入（する）.?

If there's a 不足（高） between the 量 you can put 負かす／撃墜する and the 購入（する） price, a mortgage could （不足などを）補う the difference.?

> How to remortgage your home and find the best 取引，協定

Hollingworth 示唆するs the most obvious 大勝する is to sell the 存在するing 所有物／資産／財産 before, or at the same time as, buying a new main 住居

That would still total a much smaller 量 of borrowing than using a buy to let mortgage 加える a mortgage on the new home.

Your hesitation in selling 現在／一般に may be 予定 to 存在するing tenancy かかわり合いs or you may be 関心d that you will struggle to sell the 所有物／資産／財産 in a quieter market but I think that it's 価値（がある） considering this approach.?

It would also help you 避ける the 3 per cent stamp 義務 割増し料金 on 付加 所有物／資産／財産.

Buy to let 選択

As you've discovered, it could be possible to borrow against the let 所有物／資産／財産 to rel 緩和する 公正，普通株主権 now with a 見解（をとる） to selling in the 未来.?

Buy to let 貸す人s will typically base the level of 利用できる borrowing on the 賃貸しの income covering the mortgage 利益／興味 by a 確かな 利ざや, typically between 125-145 per cent.?

That will be calculated at a 強調する／ストレスd 率 to 確実にする that the 所有物／資産／財産 would wash its own 直面する, even if 率s were to rise.

The 現在の 賃貸しの income should on the 直面する of it be 適する to 会合，会う 貸す人 基準 to cover the level of borrowing that you've 提案するd.?

> The best buy-to-let mortgages for landlords?

警告:?Some buy to Let mortgages can carry big 料金s but at this level of borrowing they could make a big 新規加入 to the 全体にわたる cost, 警告するs Hollingworth

One thing that will be important is to factor in any associated costs. Some buy to let mortgages can carry big 料金s but at this level of borrowing they could make a big 新規加入 to the 全体にわたる cost.

貸す人s do 申し込む／申し出 a 範囲 of 選択s though with many 申し込む／申し出ing 取引，協定s with no 協定 料金s and other incentives to help.?

You should also think carefully about how long you lock in for if you think that you may want to sell the 所有物／資産／財産 その上の 負かす／撃墜する the line.

Understand the 推薦

Your 現在の 研究 does seem to have resulted in 率s that are higher than could be 設立する from some of the mainstream buy to let 貸す人s. 直す／買収する，八百長をするd buy to let 率s without any 協定 料金 can be 設立する a little over 5 per cent.

However, the higher 率s that you have been recommended may be for a particular 推論する／理由 and tailored to your individual circumstances.?

That could for example 反映する if there are any blips on the credit とじ込み／提出する or could be 負かす／撃墜する to the 所有物／資産／財産 存在 非，不，無-基準 and 限界ing the choice.

So, there may be a good 推論する／理由 that the recommended 率s are higher but if you're not sure it makes sense, get more clarity from your 助言者 to understand lower 率s may not be an 選択.

It's also important to understand the 範囲 of 料金s that may be payable, as these will only 追加する to the cost, whether it's a 製品 料金 or a 仲買人 告発（する），告訴（する）／料金.?

If you're not sure then you could of course try an 代案／選択肢 助言者 to see if they have a different suggestion.?

Some 助言者s, 含むing ourselves, do not 告発（する），告訴（する）／料金 a 仲買人 料金.?

Be sure to look for an 助言者 that can consider 貸す人s from 権利 across the market.

In 要約, think about the 権利 タイミング for you to sell and whether you could 避ける the need to take on two mortgages.?

That's 特に true if you 最終的に see this as a short-称する，呼ぶ／期間／用語 解答 and you ーするつもりである to sell in the longer run.?

If you proceed with the buy-to-let 選択 make sure you understand the 率s on 申し込む／申し出 and any possible knock on to your longer 称する，呼ぶ／期間／用語 計画（する）s.

> True cost mortgage calculator: Check what a new 直す／買収する，八百長をするd 率 would cost?