A question that I am sometimes asked is ‘how much of a discount can I expect to get off a purchase price or off an asking price if I offer the agent cash?’. By the way, just to be clear, when I say offer the agent cash, I don’t mean offer the agent cash as…
For most of us we are probably going to start building our property portfolio by vanilla buy to lets and we are probably going to fund these using buy to let finance. Buy to let finance is great. A typical buy to let mortgage is probably going to be a 75% loan to value mortgage.…
One of the myths you’ll hear banded around about property is that it’s a bit of a scam and a get rich quick scheme. And of course, it’s neither of those things. I guess people say it’s a bit of a scam because the media like to portray investors and landlords as being bad people.…
This is the one question which seems to cause more concern, confusion, and procrastination than any other topic in property. “Where do I buy? Where do I buy to make money in property?” Being sensible, buying close to home makes sense. Maybe not the house next door, but close enough to be able to tap…
In this post and video I answer the second part of Sam’s question and whether they should pull equity out of his wife’s property, refinancing the Fixed-Rate Capital Repayment Mortgage. In my opinion the key question is, is it worth keeping a little extra cash-flow, or drawing out equity to buy more (buy to let)…
I get so many emails from people asking if I can recommend a good mortgage broker – and of course, I can. So, if you’re looking for a great broker who specialises in buy to let, or if you need finance for owner-occupier residential properties or are looking to get in touch with a development…
In this short series of videos we are looking at the twelve questions which I think every property investor should ask themselves when they begin in property and regularly as they go through their property journey to make sure that they are still on track and doing the right things. And question number four is…
There are something like 1400 different buy to let products available so, no matter what your circumstances, there should be a bank somewhere who will lend to you. In this video we’ll look at what banks principally think about when deciding whether to lend. Here’s to successful property investing Peter Jones B.Sc FRICS Chartered Surveyor,…
Having found a suitable property – or preferably whilst looking for a suitable investment property – you will then need to look at financing your investment. There are many ways to finance a property, but let’s assume you plan to approach a traditional lender. This poses the question “what do lenders look for when they…
Finance costs tend to be the greatest expense for any buy to let investor and those looking to hold and rent a property will need to think carefully about finance to be on the right path towards guaranteeing a profit. Any increase in the value of a property following a refurbishment can be potentially drawn…