Finance costs tend to be the greatest expense for any buy to let investor and those looking to hold and rent a property will need to think carefully about finance to be on the right path towards guaranteeing a profit.
Any increase in the value of a property following a refurbishment can be potentially drawn out using finance – and if the increase in value is greater than the costs of the work by a sufficient margin, then an investor can claw back the costs of these works.
In this video I take a look at buy to let loans and consider how best to fund your refurbishment project.
Here’s to successful property investing.
Peter Jones B.Sc FRICS
Chartered Surveyor, Author & Property Investor