UNITED KINGDOM, 2017 – Buy to let schemes have become more popular in recent years, as more individuals become attracted to the idea of buying property which they can then let and earn money from. For those who have extra savings, a buy to let investment can be a good opportunity indeed.

But those who are planning to go into a buy to let investment for the first time may have some questions that only the experts can answer. This is where the expertise of Open Vision Finance comes in. The firm, which has dealt with all sorts of mortgages, from first-time buyer mortgages to remortgages to shared ownership mortgages and more, is ready and willing to help those who have understandable concerns and queries about the buy to let investment opportunity.

As Open Vision Finance explains, “In order to purchase a buy to let property you will need a deposit, usually a minimum of 25% of the purchase price. There are a few lenders who may offer products with a minimum deposit required of 20%, and these would usually be available to experienced landlords, carrying a much higher interest rate and arrangement fees.”

For those who would like to go into a buy to let property investment, Open Vision Finance does not sugarcoat it. It is a worthwhile investment, but only if one knows what they are doing and what they are getting into, including what costs are involved. Open Vision Finance has more to say about the fees: “As with every purchase, you will need to remember all of the fees involved with purchasing a buy to let property such as: the mortgage arrangement costs, a survey fee, the legal fees, stamp duty and land tax.”

But it’s without a doubt that buy to let property investments can be very lucrative for those who are serious about expanding their income. Open Vision Finance is a good source of advice for this kind of investment, letting customers know what is required, what they can expect, and how buy to let mortgages really work. The good news is that since Open Vision Finance has been arranging buy to let investments for years, the firm knows all too well what is required and can provide invaluable assistance to those who need it.

About the company: Open Vision Finance is an established provider of financial services, specialising in mortgages, insurance, home moving services, and more. To speak with a mortgage broker Taunton offers, visit the Open Vision Finance website.