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In this video we’re going to continue our mini-series on valuation, specifically the valuation of buy to let and residential investment property. In the last video we looked at some of the things which influence valuation and which we will need to take account of. If you missed that video, here’s the link. …
Great news! My mortgage broker has been in touch and has told me that one of his favourite lenders, who incidentally also happens to be one of my favourite lenders and with whom I have multiple mortgages, has revamped their buy to let mortgage product range again. And they’ve brought back an 80%…
The MMA, or Modern Method of Auction seems very popular at the moment with many agents seemingly using it. I guess it makes sense in a ‘hot market’ to get potential buyers bidding against each other. MMA literally allows agents to go to best and final bids (offers). But what is great for…
My mortgage broker thinks that we possibly are. One of his favourite lenders, with whom I have multiple mortgages, have just released their new rates and terms for their core buy to let mortgage products. Now I have to say that the headline rates aren’t the cheapest that you’ll find on the market.…
Going through the news the other day I found an almost throw away comment saying that the Bank of England are thinking of scrapping the Stress Test for owner occupiers taking out a mortgage. The idea behind it is that mortgage lenders are meant to make sure borrowers can afford a 3% increase on their…
When a lot of would-be investors start in buy to let, they often have dreams of buying really nice houses, in really nice areas. But are those the best properties to buy as an investment? Often the answer is no. By and large the best properties for investing are cheaper properties…
Since 2017 the banks have been encouraged to apply new procedures when processing applications from what are known as ‘portfolio landlords’. So what is a ‘portfolio landlord’? The definition of “portfolio landlord” is someone who owns 4 or more mortgaged properties. By the way it doesn’t make any difference if these properties…
If you’ve followed me for any length of time you’ll know that a massive mistake which I see some investors making is just to buy a property, any old property, without really understanding what they want to achieve or how they should achieve it . There’s a lot more to buy to let than…