July 2016 - First 4 Commercial

3 Great tips for taking out a Personal Loan

Interest rates are lower than ever, so why not take advantage of the fact and get yourself a personal loan today? But before you sign on any dotted line, we at first4commercial would advise you to take note of these 3 tips that should ensure you get the very best deal possible.

Tip one – Look around

Those repayment rates might look enticing, but how about checking a few others first? Even though you may have a current account with your bank, it is possible that the building society round the corner offers an even sweeter deal. Check online and try some price comparison websites for the very best offers available.

Tip two – Early repayment

What happens when you come into a windfall and would like to pay off your loan early? Did you know that some companies will add an extra charge for this? Not all banks and building societies have the same charges, so see if you can find one that charges less, or even does away with the fee altogether. You could save a small fortune if that time actually comes.

Tip three – PPI

Okay, Payment Protection Insurance is currently having a bad press, but it is still useful to consider. See which lender offers PPI at the lowest cost, and factor this into your final decision. You never know what may lay around the corner, so dig deep into the small print before committing to your personal loan.

Follow these 3 smart tips, and don’t hesitate to contact us for more advice about your personal loan!


Finding the Best Buy-to-let Mortgage

If you are thinking seriously about entering the investment property market, it is always best to look around before deciding on which buy-to-let mortgage deal to go for. The good news is there are usually plenty of options out there, and here we discuss a few ways to ensure you are getting the best deal available.

Instead of simply approaching your own bank for a deal, look around online to see what is on offer. Your own bank may well be able to offer you some choice, but the truth is that they will probably only have a few packages available. Sometimes it pays to go to a buy-to-let specialist because they will have more to offer. You may also wish to speak to a professional mortgage specialist. These people will often have good relationships with a number of financial companies and can often find the sweetest deals out there.

You should always bear in mind that you may be charged a fee when dealing with independent specialists, so don’t be afraid to ask up front. If they are less than willing to discuss these matters with you, it’s probably best to look elsewhere. Remember that you will need a larger deposit than you would for a standard mortgage, and always consider the fact that it may take some time to find suitable tenants.

Buy-to-let mortgages are now more popular than ever, and they are an excellent investment opportunity – just as long as you take your time when looking at both property and mortgage options. Talk to us at first4commercial for more information and expert advice.


Buy-to-let Tips that Really Work!

Investing in a property is a wonderful way both to make money, and ensure that you and your family have a sound financial future. Here we discuss some tips that will help you make the most of that investment.

If you really want your buy-to-let property to start making you money as quickly as possible, you should look for a residence that has the following qualities:

  • Room for storage is always popular; this means that as well as having plenty of space, a loft or a basement area are also very sound options.
  • Natural light should be abundant, as this always attracts tenants.
  • Security is also an important consideration, so ensure that all locks are in good condition and that doors and windows are sound and secure.
  • Parking is always one of the top requirements, especially in urban areas, so look for properties with driveways and garages. On-street parking isn’t going to help you when it comes to renting your property out.

When you are looking for a buy-to-let mortgage, remember to factor in extra fees, and remember that it may not be easy to find tenants immediately. You will probably have to use an agent to do this, and they will also be looking for a fee in return for their specialist services.

Also remember that mortgage repayments can go up as well as down, and always have enough money put away to deal with repairs, and any unexpected costs that can and will arise – no matter how well you prepare. Contact first4commmercial today for expert BTL mortgage advice.

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