I’ve had a new update from my mortgage broker. One of his favourite lenders has just updated their mortgage range for personal ownership and limited companies, for buy to lets and for HMOs. The great thing is there are ‘no fee’ options and refunds for valuation fees (up to £650). Here are the main headlines:…
There’s a lot to be said for buying a rundown property that needs some work doing to it when we are out looking for our buy to lets. The chance to use the state of disrepair to negotiate an even better price. And the chance to add some value. The problem is, though, that most…
I’ve mentioned before that there might be a mortgage war at the moment, with a lot of the main buy to let lenders releasing low rate, buy to let mortgage products, or products with special terms, or both. Whether that constitutes a mortgage war or not, I don’t know, but it means there…
I’m quite often asked, “Peter, can I borrow the deposit money for my buy to let, and finance the rest on a buy to let mortgage?” Or, alternatively, I’ll be contacted by someone who says, “I’m about to buy a property with a buy to let mortgage and I’m borrowing the deposit from my friend/business…
A question I’m often asked is, “Peter, should I look for repossession properties for my buy to lets. Should I make it a particular strategy of mine to only look for repossessions?” I think the premise behind this question is there’s a misconception that repossessed properties are always cheap and make good…
Seven Steps to Financial Freedom Through Buy to Let Please CLICK HERE to download your FREE copy now, no email required. Would you like a few buy to let properties to supplement your current income? Would you perhaps like a few buy to let properties to supplement your pension? Or perhaps you would like to…
FREE 50 Page Special Report To download your FREE copy please CLICK HERE (No email required) If judged by the numbers alone, buy to let has been hugely successful with almost 2 million buy to let mortgages being lent since 1996. With the property market now in recovery the number of buy to let loans…
Does that sound a bit harsh? Perhaps, but the reality is that for most of us, if we want to advance our property goals and build our portfolio or our property business, we will need to take on debt. And, in the scheme of things, a lot of it. Unless we have massive cash reserves…
We live in very strange times. At the moment (October 2020) there is a mini property boom and average UK property prices are the highest they’ve ever been. But in my opinion the fundamentals aren’t there to support this. And when, sadly, 100,000s or even millions of people start to lose their jobs, I think…