Investments, Mortgages Chris Allen Investments, Mortgages Chris Allen

5 Key Considerations for Owning Your Buy-to-Let Property as Tenants in Common with Unequal Shares

When purchasing a buy-to-let investment property, one of the most important decisions you’ll need to make is how to structure the ownership. If you’re buying with a partner, spouse, or family member, you generally have two choices: joint tenancy or tenants in common.

Under joint tenancy, both owners hold an equal interest in the property, and if one person dies, the other automatically inherits the whole property under the right of survivorship. In contrast, tenants in common allows owners to hold different proportions of the property (e.g., 70/30 or 80/20) and to pass on their share as they wish in their will.

For buy-to-let investors, the tenants in common structure with unequal shares can offer some financial, tax, and estate planning benefits. Here are five key considerations when choosing this approach:

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Mortgages, Pensions Chris Allen Mortgages, Pensions Chris Allen

Staying Put in Retirement: How Retirement Interest-only Mortgages Could Keep You in Your home

As retirement approaches, many individuals face the daunting prospect of managing their finances without the security of a regular income. For some, this may involve re-evaluating their living situation, especially if they have an interest-only mortgage coming to term. However, there's a lesser-known financial tool that could provide a lifeline for those looking to maintain their current lifestyle without having to downsize: the Retirement Interest-Only (RIO) mortgage.

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Pensions, Mortgages Chris Allen Pensions, Mortgages Chris Allen

The Great Debate: Pension vs Buy-to-let Property - Weighing the Pros and Cons

Investing for the future is a crucial aspect of financial planning, and two popular options that often come under consideration are pensions and buy-to-let properties. We frequently encounter clients grappling with the decision of where to channel their hard-earned money. In this blog post, we will delve into the benefits and drawbacks of investing in a pension compared to a buy-to-let property.

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Mortgages Chris Allen Mortgages Chris Allen

Interest-Only vs. Capital Repayment Mortgages: A Comprehensive Comparison

Choosing the right mortgage is a critical decision. Two of the most common mortgage types are interest-only mortgages and capital repayment mortgages. Each has its unique characteristics, advantages, and drawbacks. In this comprehensive comparison, we'll delve into the differences between these two mortgage types to help you make an informed choice.

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Mortgages Chris Allen Mortgages Chris Allen

5 Important Steps As Your Fixed-Rate Mortgage Approaches Expiry

If you are a homeowner with a fixed-rate mortgage, you may be approaching the end of your fixed-rate term. This marks a crucial juncture in your mortgage journey, as it opens up various opportunities and considerations. In this article, we'll explore five important things to do as you approach the expiry of your fixed-rate mortgage product.

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Mortgages Chris Allen Mortgages Chris Allen

Navigating the Home Buying Process in the UK: A Comprehensive Guide

Buying a house is a significant milestone in many people's lives. However, the process can be intricate and overwhelming, especially for first-time buyers. In this comprehensive guide, we will walk you through the essential steps involved in purchasing a property, providing you with valuable insights and tips to make the process smoother and less stressful.

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