A question I’m often asked is whether it’s necessary to give a personal guarantee with a buy to let mortgage. In fact it’s often put as a statement rather than a question along the lines of “If I need to give a personal guarantee then I don’t want to apply for a mortgage”. So I…
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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…
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I’ve had a great question in which is ‘what are the risks of owning a buy to let property?’. I think it is a good question because I meet many, many would-be and new investors who, to be honest, and I mean this in a respectful way, but I think that they can be a…
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Although it’s said that we live in uncertain times, I don’t fully agree with that. Actually, we do have some certainty as to what is going to happen. We know that the Bank of England are going to continue to increase interest rates. We know that the property market is going to slow down, and,…
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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…
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You may remember that in the last video we were talking about modern method of auction properties and the fact that the auctioneers or estate agents are going to expect you to pay a fairly chunky non-refundable deposit if you are the successful bidder. And there’s a couple of implications of this which I think…
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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…
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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…
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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…
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So here it is finished, and I have to say I’ve spent more on this refurb than I normally would. I’ve done things like I’ve dipped all the internal doors which you’ll see and as we go into this room you’ll see that I’ve moved the night storage heater and the gas heater, and I’ve…
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