understanding financial jargon
Mortgage Calculator; Is Your Buy to Let a Good Deal?
This mortgage calculator will help you answer the question of whether a Buy-to-Let proposition will be likely to be a profit making deal or not. Put in the Mortgage costs plus other typical cost of a buy to let property and see whether the rental income will give you pre tax profit. Please note that estimated costs of solicitors fees etc are based on averages across England and Wales and as such there may be regional variances.
While the results given for a specific monthly mortgage payments cost calculation are based on typical industry practice and mathematical algorithms, they can only be regarded as an estimate and not a formal quotation for any specific mortgage. Your specific situation, and the mortgage products available in the market at the time you apply for a new mortgage, will dictate the actual amount you can borrow and monthly mortgage payments you may need to make. If you wish to gain a clearer picture of your potential borrowings or payments now, please contact your own financial adviser.
Mortgage Calculator: Is this Buy to Let a Good Deal?
What to do if you need more help
If you need more help with your specific commercial loan, mortgage or insurance requirement please speak to a professional financial adviser.
We hope you found this information useful.
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