Can you beat buy-to-let mortgage rates?

It's no secret that even the greatest buy-to-let mortgage rates, at this moment, are enough to make you pull your hair out. This holds true for mortgage interest rates overall, which now range from 4% to 5% on average. However, investors shouldn't let the rising rates worry them. It's time to find a solution!

There are ways to lower the escalating costs of property purchases. How? By distributing them amongst fellow investors. When you invest in buy-to-let property with others, whether with friends, family, or business partners, you may split the mortgage payments and lower your own monthly expenses. However, you can mitigate the risk further by making a collective investment into an alternative property scheme.

Here are a few key tips for maximising the opportunity within property investments while circumventing?adverse economic factors.

Know your investors.

A?good?friend and/or family?are?not?necessarily?good business?partners.?Before you invest, ask yourself?honestly:

·?????Do they?have a reliable income??

·?????Are they financially stable (and responsible)??

·?????Do they have the expertise??

·?????Is the investment worth jeopardising the relationship?

Keep in mind that you are entering into a business relationship and by not addressing the above points, you may risk your initial investment and possibly the entire relationship.

Align your goals.

This could sound self-evident - however ensure you and your partners share similar objectives. For example, if one of you is searching for long-haul capital appreciation, while the other is focused on monthly rental revenue, you may be pulling in different directions.

Understand the investment landscape.

Investing is all about planning for your future. In an increasingly complex and uncertain world, it can seem daunting to think about where you will be in one to two years’ time, let alone in 30 or 40. The need to build a secure financial future is stronger than ever. Investing in property as part of a group often takes longer while understanding where to invest may require a level of expertise you and your group don’t have.

Consult with industry experts.

If you’re worried about the ever-rising buy-to-let mortgage rates, investing together in an alternative property investment could be your answer. By investing with a company that is experienced in delivering property investments, you still have the benefit of a property securing your investment but without the large initial outlay (or rising costs)!