Navigating Buy-To-Let in Banbury, Oxfordshire: From First-Time Investors to Experienced Landlords
If you’re contemplating your initial foray into the Buy-to-Let market, or if you’re an established landlord managing a property portfolio, expert advice is invaluable, particularly given the recent changes in Buy-to-Let mortgage regulations.
Higham Critchley Barrows, renowned as experienced Buy-To-Let advisers in Banbury, Oxfordshire, are here to guide you through a variety of Buy-To-Let possibilities:
Personal Buy-To-Let: This is when an individual or group of individuals own a Buy-To-Let property. Recent tax changes have rendered this option less popular.
Limited Company Buy-To-Let: This involves a company, typically established for this specific purpose, owning the Buy-To-Let properties, providing different tax considerations. This ownership model is swiftly growing, particularly among those intending to accumulate a property portfolio.
Holiday Let: This is when a property is rented on a short-term basis, commonly applicable to properties in UK holiday destinations.
Let-To-Buy: Instead of selling your primary home to move to a new one, you convert your existing home into a Buy-To-Let property while simultaneously purchasing your new residence. This strategy can serve as a long-term investment or a viable option when you encounter difficulties selling your property.
While we’re equipped to explore these options with you, it’s essential to note that we are not tax advisers.
Therefore, to ensure you purchase your property in the most tax-efficient manner, we recommend consulting with your tax adviser or accountant.
Trust Higham Critchley Barrows, your knowledgeable Buy-To-Let advisers in Banbury, Oxfordshire, to assist you in navigating the complexities of the Buy-To-Let market.
Your Home (or property) may be repossessed if you do not keep up repayments on your mortgage or any other debts secured on it.
Some forms of Buy to Let mortgages are not regulated by the Financial Conduct Authority