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Buy-to-let mortgage for BRR?

Uncategorized Oct 10, 2021

"I’m starting out in property and I want to do the Buy-Refurb-Refinance (BRR) strategy. I know the correct way would be using cash or a bridge, but I was hoping that I could use a normal Buy-to-Let (BTL) mortgage - is this possible?"

When you say the correct way is to use cash or bridging, then you know that BTL lenders won’t lend if you declare your intent to redeem their mortgage...

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Why is the UK Property Market so Strong?

Uncategorized Sep 25, 2021

Why is the UK property market so strong?

Since we came out of lockdown the property market in the UK has completely defied even the most expert predictions.

A week or two into the first lockdown the voice of authority, Savills (a nationwide, very well-respected estate agent), wheeled out their top statistician who gave all their opinions on the future of the property market due to the pandemic....

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Advice for the New Investor

Uncategorized Sep 10, 2021

Advice for the new investor

THE QUESTION

I'm brand new to property investing.  I've set up my limited company and have been offered a rate from a broker for a studio apartment I've reserved with a commercial ground floor (30% down on £97k at 3.4%).  They said some other lenders were at capacity on the property.  

Should I go with this or should I be getting other quotes. I...

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Investing in Property With a Windfall

bridging finance Aug 25, 2021

When you get an unexpected windfall, especially a substantial one, it’s not going to earn you anything sitting in your bank account.  If you’re into property - or you see it as the means to get into property it’s easy to get carried away.

For arguments sake, let’s say you’ve just got £200K land in your bank account.  If you mention ‘I’ve...

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Fee or free? - The best approach to BTL mortgages

buy to let Aug 10, 2021

THE QUESTION

I’m in the market for a buy-to-let (BTL) mortgage, should I use a free mortgage broker (who gets commission from the lender only), or a broker that charges a fee?

THE ANSWER

If you take a balanced view, whether a broker chooses to charge a fee or not is not the main decisive factor in whether they are any good or not. The decision to charge a fee, or not to, will be driven by...

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How to assess a good cash deal

bridging finance Jul 25, 2021

Everyone expects to get a better deal if they’re a cash buyer and it’s certainly possible to get some great property deals if you can offer cash, but it is heavily dependent on two things -  

  • Finding a motivated seller - in other words, someone who just wants to get the property off their hands
  • Finding a property that isn’t easily mortgageable

The seller

The...

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Property Conversions - The Basics

THE QUESTION

I have a property which is a large freehold semi-detached (around 140sqm), that will split nicely into 2x 2 beds (houses not flats), my question is do I need planning permission, and, if I split the properties into leaseholds, do we need 2x utility supplies to the property, or can we just split the existing supply?

THE ANSWER

Planning - absolutely planning permission is needed....

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What every property investor should know

strategic planning Jun 25, 2021

When you invest in property you’re purchasing a very high value asset - and there’s the potential to make big profits - but also to make big losses.

If you’ve got a nest egg you probably know it’s not going to grow much sitting in a savings account in your bank, so what do you invest it in?

You could buy stocks and shares, artwork or antiques - but to do this...

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What would you do with £40K?

buy refurb refinance Jun 10, 2021

THE QUESTION

As a first time property developer and with just 40k to invest, what would you do? Use the 40k as a deposit on a house or use the money to buy a much smaller, cheaper property outright? I see that there are some properties in certain parts of the UK that appear to sell at auction for circa £30k although I'm guessing these are incredibly cheap for a reason! Which option would...

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5 tips for the new property investor

ninja learning May 25, 2021

When you’re starting out in property investment there are lots of things that may influence you.

  • You may have friends or family who are already in property, so you’ve got some experience to call upon.
  • You may be surrounded by people who see property as a risky thing to do and will keep trying to stop you.
  • You might just have heard about people making a killing in property and got...
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