- Make use of the tools available on our website to roughly work out your potential monthly repayments
- Speak to a letting agent and compare the monthly repayment figure with the rental prices of similar properties in your chosen area
- When you are confident that the investment will work, speak to a dot advisor about your mortgage & protection needs
- Arrange an agreement in principle with your favoured lender
- You are now ready to start looking for your new investment property. Through our relationship with Townends Estate Agents we can also help with this stage of the process
- Decide which solicitor will work on your purchase
- Put in an offer on the property
- Work with your dot advisor to complete your mortgage application
- It is important that you have a full understanding of the condition of your new home and should therefore arrange for a survey to be carried out. We work in partnership with Tyser Greenwood Surveyors and can help you arrange a survey
- Speak to your dot advisor about obtaining a quote for buildings insurance which will need to be in place before the purchase completes
- Instruct your solicitor and set target dates for the exchange and completion of your purchase
- Most experienced landlords will then appoint a reputable letting agent who is a member of ARLA (the Association of Residential Letting Agents) to source reliable tenants and manage the deposit and rent collection. At dot financial services we recommend Townends Lettings & Management.
Contact one of our professional advisors by calling us on 0800 074 7857 or filling out the form using the link below...
Your home may be repossessed if you do not keep up repayments on your mortgage. There may be a fee for mortgage advice, the precise amount of the fee will depend upon your circumstances, but we estimate that it will be £250.