What about Proof of Funds? When do I get a DIP (Decision in Principle)?
What do I do about Proof of Funds?
When do I get a DIP (Decision in Principle) for my Buy to Let?
Do I find the property first?
Or do I get the DIP first?<
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Should my own home be interest only, and should I pay off all my buy to let mortgages?
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).
Should I take a Loan from My JV Partner, or Give them a Share of The Equity in my Buy to let?
I would like to find out a little more about a joint venture, preferably on a BRR approach than a straight loan. Roughly, how would this work:
a) find a deal and then find a JV to match the deal
b) find a JV partner and then find a deal together.
Can I Borrow The Deposit for a Buy to Let Mortgage?
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”.
How I Can Help You to Survive and Thrive in Property in the Upcoming Downturn
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…
The Best Buy to Let Mortgages For Limited Companies July 2020
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…
The Best Buy to Let Mortgages for Individuals July 2020
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.
Does The Time Of Year Make Any Difference
A great question I have been asked is does the time of year make any difference to buying and selling in property? Well, you would think that it shouldn’t, but it does. Two of the best times to buy if you are an investor is around Christmas time,(this includes the run up to Christmas and…
Net Yield Explained
A question I am sometimes asked is ‘what is Net Yield and how does that differ from Gross Yield?’. In an earlier post we thought about gross yield which is expressed mathematically as the rent divided by the purchase price, or the value, times 100. It provides a very basic assessment of the return (from…
How to Bid At A Property Auction: Property Auctions
A question I am sometimes asked is, “If I go to an auction to buy a property, how do I bid?” The first starting point before you do anything is to sort out your finance, to sort out your survey and to sort out the legal side. That is a given. Then when you’ve done…