Investing in buy-to-let property overseas
Investing in buy to let property overseas may involve a lot of time dealing with tenants and dealing with operating and fixed costs such as heating and bills. On the other hand, you don’t have to wear a suit anymore and report into an office and the rent keeps coming in, even if you are out of town or decide to take a few days off yourself!
A repayment schedule due because of taking out a mortgage enables the property investor to reduce the amount of the principal loan over a period of years, thus reducing the debt. If the overseas property in question is used to generate rental income, or whether it is used for family holidays, thus offsetting the cost of booking a package holiday, the astute property investor can slowly and steadily increase their wealth as the capital owed on the property reduces, and the value of the property increases. A property owner in Portugal is also allowed to deduct interest payments and other expenses when taxes are due.
Owning overseas property in Portugal is a great way to achieve your financial freedom. The benefits are definitely there. The benefits of owning overseas property in Portugal is always worth considering for holidays, to generate property rental income and for future retirement on the beach or on the golf course
A couple buying a home in Portugal can obtain as much as 75 per cent financing. This allows individuals to purchase a property using only a small amount of their own money. Over and above this, there are several reasons why you should consider Albany Hill Property Investment Company.
Albany Hill Overseas property investment Portugal company is able to pass on significant benefits and savings to the purchaser of an overseas property through them because they are able to leverage volume discounts on their purchasing deals. The overseas property investor with Albany Hill therefore benefits from:
• Small commitment fee required
• Independent Bank Valuation
• Supporting 80 per cent mortgage, interest only for 3 years (subject to approval)
• Achieve 20 per cent instant equity
• Guaranteed rental cover 2 years’ mortgage interest
• No closing fees to pay and furniture pack included
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