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With most pension planning affected negatively by the under performing equity based markets (stock exchange) and general savings rates low, many people are turning to property as a viable form of investment, whether residential or commercial. Commercial property can be held in a tax efficient, pension/retirement environment and this option is also expected to be available to residential properties soon. 

The main types are;

Buy to Let
You buy a property and let it out. The maximum borrowing level is generally 85% of the purchase price/valuation. The rental income must generally cover the mortgage plus a lender related calculation, which varies from lender to lender. Interest only is allowed on most schemes.

Let to Buy
You let out your existing main residence and buy a new home for yourself. Similar rental calculations apply as with But to Let. You may also raise capital against your existing property to provide a deposit for the new purchase.

Some individuals &/or company's own two or more properties (some up to 100) within a portfolio. You may wish to remortgage or capital raise against the combined assets to purchase more property or purely to obtain a better rate and terms.

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Nicholas Hall is an adviser with Julian Harris Mortgages Limited who are authorised and regulated by the Financial Conduct Authority. Your home may be repossessed if you do not keep up payments on a mortgage or loan secured on it. Written quotations available on request. All loans are subject to status. Some loans may require assignment of life assurance. Residential Mortgage transactions will not incur a broker's commission fee. THE STERLING EQUIVALENT OF YOUR MORTGAGE UNDER A FOREIGN CURRENCY MORTGAGE MAY BE INCREASED BY EXCHANGE RATE MOVEMENTS. Think carefully before securing other debts against your home.

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Full details of the FOS can be found on its website at www.financial-ombudsman.org.uk