New Buy to Let Loan Products from Paragon for Large & Professional Buy to Let Investors
One of the UK’s largest buy-to-let lenders, Paragon Mortgages, has updated its product range of loans for large-scale and professional landlords. A new range of fixed rate products include a new two year fix at 4.45% with a 2% product fee and is available for HMOs, multi-unit blocks and single, self-contained . There are also…
DetailsIf buy to let is so easy why are so many getting it so wrong?
According to some we’ve just entered into the buy to let boom age and things are just about to take off. For the first time in a long time all the major house-price indices are showing positive growth month on month. First time buyers are returning to the market, transaction levels are up, mortgage lending…
DetailsMost Buy to Let Investors AREN’T Clear on What They Really Want
In my experience, one of the most common mistakes made by property investors is that they do not have a clear idea of what they are trying to achieve, and as a consequence, they do not really have any sort of a plan or strategy. As the old saying goes “if you don’t have a…
DetailsSome Buy to Let Investors Buy Property in a Random Way, Without Thinking About Investing Fundamentals
Let me give you an example of what I mean by this. I’ve met investors who own property but they’re not entirely sure why they own them. They’re not sure whether they are going to give them much in the way of cash flow, and quite often the figures suggest that the returns are actually…
DetailsSome Buy to Let Investors Become Obsessed With Buying ‘Below Market Value’
We live in the BMV (below market value) age. No self-respecting investor would attend his or her local property networking meeting, or post on any property forum, if they weren’t negotiating furiously for 20%, 25% or 30% discounts from <em>Market Value</em>. Didn’t buy it BMV? Then hang your head in shame. That’s just not how…
DetailsMany Buy to Let Investors Over-estimate Their Cash-flow
Hand in hand with buying BMV, the investing community has embraced ‘going back to basics’ and concentrating on ‘the fundamentals’. In particular, most, if not all, investors are intensely interested in cash-flow. As a minimum investors want to buy property which at least breaks even, although many will not be satisfied unless they find a…
DetailsMany buy to let investors make no real effort to get the best buy to let mortgage terms
In it’s most basic form this mistake manifests as not shopping around for the best LTV (loan to value ratio) or the best interest rate (½% over 20 years makes a lot of difference) or finding the loan with the least penalties if you want to swop or pay it off early. A more sophisticated…
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