Hi, Peter Jones, author, property investor and ex-chartered surveyor. And in this short video I want to talk about the right way of finding the very best buy to let mortgage product or deal, because in my opinion there is one right way and there’s several wrong ways. So, let me start with wrong way…
If you want to do Buy to Let with BRR (Buy Refurbish Refinance), it’s the stress test which means that the upper limit of value is going to be around £200,000 (this isn’t a precise figure and don’t forget each bank uses slightly different figures and so the upper limit will be different for each bank). And this why…
Hi, Peter Jones, author, property investor and ex-chartered surveyor. In a previous video, I showed you five reasons why I think the buy to let is a fantastic investment. And in this video, I want to give you an extra bonus reason which I think is so important I want to do this one on…
I’m occasionally contacted by ex-pats who very often want to find a buy to let mortgage which they can use to buy an investment property in the UK whilst they are a resident abroad. Now as far as I know and I’m not an expert, I’m not a mortgage broker, but there are not very…
A question which I often get asked, particularly by new investors is ‘Peter what should I do if I have a down valuation?’ So, the premise behind this question is that the investor has found a property which they want to buy and maybe they’re buying it with a buy to let mortgage but the…
Look at this property. Somebody’s left it as a right old mess but it’d make a lovely refurb project for one of our buy to lets. But the key question is, if we were going to try and buy this as a buy to let so that we could do the refurb, how would we…
Peter: So Alasdair, I mean limited companies are all good, that’s all good. One of the things which the bank will be looking at, whether you are buying in your own name or whether you are doing it through a limited company, as you’ve already alluded to is the rental of the property when you’re…
I had a really interesting question from a viewer on YouTube asking whether the mortgage on his home should be interest only (to help his cash flow and so he could allocate more funds to his buy to lets).
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 partner/ JV partner who I met at the local property network meeting”.
I’ve had a few questions around Stress Testing (of buy to let mortgages) and how that works.
And, of course, this is an important subject because Stress Testing in effect set’s the maximum amount we can borrow.
If you want to do Buy to Let with BRR (Buy Refurbish Refinance), it’s the stress test which means that the upper limit of value is going to be around £200,000 (this isn’t a precise figure and don’t forget each bank uses slightly different figures and so the upper limit will be different for each bank).