Can you get creative in 2023?

Funding your next property purchase. What are my options?

With a weakening financial market, we wanted to quickly explore some options for funding buy-to-let property purchases. There may be some avenues that allow you to move forward that you had not considered before.

There are several ways to fund a buy-to-let property purchase in the UK:

1. Cash: Using personal savings or the sale of assets to purchase a property outright.

2. Mortgages: Borrowing funds from a lender, such as a bank or building society, secured against the property.

3. Joint ventures: Partnering with another investor to pool funds and purchase a property together.

4. Bridging loans: A short-term loan used to quickly acquire a property, often used when purchasing a property at auction or before permanent financing is secured.

5. Personal loans: Borrowing funds from a lender for personal use, which can then be used to purchase a buy-to-let property.

6. Crowdfunding: Pooling funds from a large number of investors to purchase a property.

It is important to carefully consider the options available and the associated costs, such as interest rates and fees, before making a decision. Additionally, it is recommended to seek professional financial advice before making any investment decisions.

If you would like to discuss a proposed purchase or strategy, please contact the team for more information.