I never fail to be amazed when potential (or even experienced) investors tell me that they don’t want to invest up north because you don’t get capital growth. Really? Well, that’s news to me. And I’ve been investing “Up North” for over 20 years. Now, of course, wherever you invest, capital growth is not linear.…
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I’ve had a great question from one of my readers. “If you were in the market to buy, buy to lets, would you look for deals now or wait until next year to see where the market is then?” Now, I have to start by saying that I can’t give financial advice, I can only…
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We live in very strange times. At the moment (October 2020) there is a mini property boom and average UK property prices are the highest they’ve ever been. But in my opinion the fundamentals aren’t there to support this. And when, sadly, 100,000s or even millions of people start to lose their jobs, I think…
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So what is going to happen next in the property market, and how does this affect us as property investors? We’re living in strange times because, despite lock-down and the most dramatic fall in GDP (probably) ever, the housing market is going through a boom period. Nationwide have just reported (Sept 2020) house process in…
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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).
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When a lot of would-be investors start in buy to let, they often have dreams of buying really nice houses, in really nice areas. But are those the best properties to buy as an investment? Often the answer is no. By and large the best properties for investing are cheaper properties in cheaper areas. This…
DetailsSince 2017 the banks have been encouraged to apply new procedures when processing applications from what are known as ‘portfolio landlords’. So what is a ‘portfolio landlord’? The definition of “portfolio landlord” is someone who owns 4 or more mortgaged properties. By the way it doesn’t make any difference if these properties are owned in…
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So what is going to happen next in the economy, and how does this effect us as property investors? To be forewarned is to be forearmed and all that, so it makes sense to try and read the signs and interpret what they could mean. And perhaps one way of working out what might happen…
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There’s so much changing in the mortgage market at the moment that I thought it’d be useful to get an update from my mortgage broker on what are the best Limited Company buy to let mortgage deals. I asked him just to tell me about 75% LTV mortgages – because with the model I use…
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Because the mortgage market is a bit volatile at the moment I thought it would be a good idea to ask my mortgage broker what the best buy to let mortgage deals are at the moment for individuals.
I asked him to look at 75% LTV mortgages because I can’t think why you might want a 65% or 70% LTV if a 75% LTV is available.
Here’s what he came up with.
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