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:…
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…
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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…
Because the mortgage market is a bit volatile at the moment I thought it would be a good idea to ask my mortgage broker what the best buy to let mortgage deals are at the moment for individuals. I asked him to look at 75% LTV mortgages because I can’t think why you might want a 65% or 70% LTV if a 75% LTV is available. Here’s what he came up with.
There’s so much changing in the mortgage market at the moment that I thought it’d be useful to get an update from my mortgage broker on what are the best Limited Company buy to let mortgage deals. I asked him just to tell me about 75% LTV mortgages – because with the model I use…
A question I am sometimes asked is ‘what is Net Yield and how does that differ from Gross Yield?’. In an earlier post we thought about gross yield which is expressed mathematically as the rent divided by the purchase price, or the value, times 100. It provides a very basic assessment of the return (from…