The theory of buy to let
- You use the equity you have or by some other means raise a deposit for a property;
- You get a buy to let mortgage, usually at 85% of the value;
- You buy a property, and rent it out, using the deposit and mortgage;
- The rent covers most, if not all, of the mortgage and running costs.
The advantages in self build, over going and buying a new estate house is cost, and knowing the quality of the build is high and you will not have problems in the future.
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