5 ways to raise money for property investment
Published 1 December 2022. Market conditions, rates and lender criteria change over time, and this article is general information, not advice. For advice on your situation, speak to the team.
You're interested in investing in property, but you don't have the lump sum you need to get started. Here are five ways people raise money for a first property investment. Not every way will work for you.
1. Remortgage your home
Some people release equity from their own home to invest. Your mortgage payments would go up, and your home is at risk if you can't keep up repayments, so take advice first.
2. Friends and family
Family members or friends may be willing to help. Make sure you have a proper plan in place, and take legal advice on how the arrangement is set up.
3. A side income
Selling goods online, offering your skills or other part-time work can help you save towards a deposit.
4. A joint venture partner
A joint venture is a business arrangement in which partners agree their roles and share the risks and rewards. Both parties must understand what is expected of them and be legally protected by a contract.
5. Sell your belongings
Many of us own things we no longer need. Clearing them out can add to your deposit.
More insights
- Landlord advice ·
Are you considering venturing into the world of property investment?
- Landlord advice ·
Should I invest or overpay my mortgage?
- Landlord advice ·
5 factors to research before getting a buy-to-let mortgage
Talk to a specialist
Book an appointment at a time that suits you, call the office, or ask us to call you back. We are here to help.