You are required to pay a deposit of up to 15% of the Purchase Price. You can purchase a property anywhere in the country or abroad. Once you have purchased your second property, you then rent it out.

Not only will the rental income pay your mortgage but it will also leave some money in your pocket to help pay your existing mortgage (see example)

You can rent it privately, rent it to the council/housing association or HBC could offer their full management package to you. If you haven't got time to find your investment home, HBC will offer you their locate and find service.

The difference of £223 p/m extra Your investment property will pay for itself and in 5 years your property will increase in value of around £352,000 (based on a 10% growth rate). Benefit to you in 5 years time:   Bought for £200,000   Sold for £352,000      Profit made in 5 years: £152,000

Where could you make that type of profit?
Doesn't it make sense to invest in another property!?

The benefits of buying another property

You become a Landlord

Thousands of £’s in profit

Option to build up your property port folio i.e. you could own up to 10 properties

Provides a retirement income /investment for your family

A solid investment that will grow in value

LET- and- BUY:  how does it work?
 
You may want to move out from yours existing home to live elsewhere, then Let and Buy would suit you.  HBC will help you to locate your next home.  Appart from the private tenants who are looking to rent properties, most councils are actively looking for properties in London and in the home counties for them to re-locate the homeless and the people on their housing list.  They are prepare to pay homeowners a guaranteed rent for up to 3 years.  In addition to that, they will also do all maintenance to the property.  

What do I do next?
Contact HBC mortgage advisor on 08708 80 04 24 for an appointment