Buy To Let Mortgages for Footballers
However, property can deliver superior returns and lower volatility than the equities market.
The UK property market has proven to be a great mid-to-long-term investment with impressive capital growth and rental returns - Which are a great source of income in retirement when structured correctly. This is why we work with footballers and other athletes to help them capitalise on their situation and continue to benefit long after ‘full-time’ has been called on their career.
Why Buy to Let?
The fundamental advantage of a buy-to-let property investment is you generate income two-fold: you earn income by way of rent paid by tenants and also through capital growth (The increase of property value over time.) Of course, values can also go down. This is why it is important to seek independent, impartial and connected advice, from those who understand not only, the property landscape but also your ecosystem and objectives.
As lenders for buy-to-let mortgages are more focused on the rental income that the property is likely to achieve, your personal income, while considered, is not a deciding factor. As noted on other blogs, you can see why this is of interest to footballers – they are able to obtain buy-to-let mortgages based on the rental returns expected, so they aren’t penalised because their career may only last for 10-15 years. Many sports professionals share the theory that, if they invest well in property during their sporting career, they can sustain their lifestyle in retirement and enjoy healthy, monthly, earnings from property.