A question I’m sometimes asked is what is, “gross yield and when would I use it?” In its simplest form gross yield is the return on the property. Now, often times that’s the return ignoring costs, and the most simple way of calculating gross yield is to take the annual rent and to divide that…
Something I see debated a lot online is whether we should pay a mortgage broker and if we should, how much we should pay. I often see on Facebook groups and forums people posting saying words to the effect of, ‘can anyone recommend a good mortgage broker who doesn’t charge a fee?’. I must admit…
Do my solicitor and mortgage broker need to be based either near me or near my properties, and the answer in both cases is no! But, let’s just think about this. Firstly, let’s deal with mortgage brokers because I think that is very easy. A mortgage broker nowadays can do most of what they need…
How do I choose a good property management company and what do they do? First of all, let’s clarify what that means because sometimes you will hear people refer to letting agents, and you will hear people referring to managing agents, and often the two are interchangeable and they do the same thing. Most letting…
A concern which I sometimes hear new investors express is what if the bank won’t lend me the money? Let’s just think about this because there are probably going to be two different reasons why a bank might not lend you the money. The very first is, they’re not going to lend you the money…
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…
FREE 50 Page Special Report To download your FREE copy please CLICK HERE (No email required) If judged by the numbers alone, buy to let has been hugely successful with around 4 million buy to let mortgages being lent since 1996. With the property market now in recovery the number of buy to let loans…
Sometimes when you go onto Rightmove or Zoopla looking for properties you will see that a property has been sold subject to the modern method of auction. I am sometimes asked ‘what does that actually mean?’, which is a great question because it is kind of like a hybrid approach to a property auction. First…
I have had a question from Adam who was asking about leafleting. He was specifically saying have I ever used leaflets, the We Buy Houses Fast type leaflets, and if so what sort of success rate would I expect with my leaflets and what sort of discount would I get from a price if I…
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.…