Something I see debated a lot online is whether we should pay a mortgage broker and if we should, how much we should pay. I often see on Facebook groups and forums people posting saying words to the effect of, ‘can anyone recommend a good mortgage broker who doesn’t charge a fee?’. I must admit…
A concern which I sometimes hear new investors express is what if the bank won’t lend me the money? Let’s just think about this because there are probably going to be two different reasons why a bank might not lend you the money. The very first is, they’re not going to lend you the money…
Why do so many investors start with buy to let? I suppose buy to let is the foundational entry point for property investing. Most people understand the concept behind buying a flat or a house and then renting it out to a tenant. One of the great things about buy to let is that there…
Here’s a myth about property which you’ll hear banded about quite a lot, and that is that property investing is only for rich people, whatever rich means by your definition. Of course, that simply isn’t true. In this day and age access to finance is so readily available that most people could probably invest in…
I sometimes see posts on forums and Facebook groups suggesting that No Money Down is illegal. When I see blanket statements like that I understand that they don’t fully understand what No Money Down (NMD) means. A simple analogy would be something like, if you saw a car that had worn brakes and had failed it’s MOT and had no insurance, and…
Over the last couple of months my mortgage broker has identified a couple of fantastic products to help accelerate your property progress. One, a bridge to let product which allows you to refurb a property with a guaranteed switch to a buy to let loan when the refurb is done, and all in one product.…
Isn’t this the age old question? It’s one of those questions where everyone either seems to have a very firm opinion, or no opinion at all. More time has been spent in the investment community arguing over this than actually going out and looking for deals! But the reality is, like so many things in…
Ah, the old dilemma, and a question I’ve been asked a lot recently.. As is so often the case in property, there is no right or wrong answer, but here are my thoughts on this. Number 1/. Given the choice between using my money or someone else’s (in this case the bank’s), I’d use someone…
Sadly, all too common. This is a subject I feel very strongly about because, in my opinion, a down valuation is just as negligent as an over valuation, but it appears I’m on my own on that one. It’s true that valuation is an opinion, and so rather than being a defined single figure, it’s…