When one has the capital to make a significant investment, the thought of buying a property to let surely comes to mind.  Letting out a property can be a fine source of capital growth, however it also requires much work on the part of the landlord.  If it is your intention to purchase a property to let, it is important to know a few of the pitfalls along the way and how to avoid them.

The first thing you must know is for what purpose you are buying the property.  Your objectives might be income, which is your month to month profits from the tenants, or capital growth, which deals with making a profit through increased equity from the second property as the value increases over time.  This choice should influence what type of property you purchase and the location of the property. Read the rest of this entry »

One of the most important decisions you will make in your financial life is which mortgage you should get. For many people, the option of a fixed rate mortgage seems appealing. But what exactly is a fixed rate mortgage, and why do so many people choose this option? If you are new to mortgages then this article will let you know a little more about fixed rate mortgages and their benefits.

What does fixed rate mean? Read the rest of this entry »