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…
I sometimes see posts on forums and Facebook groups suggesting that No Money Down is illegal. When I see blanket statements like that I understand that they don’t fully understand what No Money Down (NMD) means. A simple analogy would be something like, if you saw a car that had worn brakes and had failed it’s MOT and had no insurance, and…
If you’ve been with me for a while you’ll know that my property investing strategy is built around buying a property as cheaply as I can, then adding value, and then refinancing. If I’ve done my due diligence properly, and the figures stack as they should, then the result is I can get a whole load of money…
Over the last couple of months my mortgage broker has identified a couple of fantastic products to help accelerate your property progress. One, a bridge to let product which allows you to refurb a property with a guaranteed switch to a buy to let loan when the refurb is done, and all in one product.…
Isn’t this the age old question? It’s one of those questions where everyone either seems to have a very firm opinion, or no opinion at all. More time has been spent in the investment community arguing over this than actually going out and looking for deals! But the reality is, like so many things in…
One of the questions I’m often asked is, “Peter, when you buy a property, what yield are you after?” Sounds like a good question, doesn’t it? Maybe even a sensible question. But I realised when I’d answered it for the 100th time that that’s not actually how I look at a property. Or how I…
Ah, the old dilemma, and a question I’ve been asked a lot recently.. As is so often the case in property, there is no right or wrong answer, but here are my thoughts on this. Number 1/. Given the choice between using my money or someone else’s (in this case the bank’s), I’d use someone…
Sadly, all too common. This is a subject I feel very strongly about because, in my opinion, a down valuation is just as negligent as an over valuation, but it appears I’m on my own on that one. It’s true that valuation is an opinion, and so rather than being a defined single figure, it’s…
How many different buy to let mortgages are there on the market today? Well, it’s anybody’s guess but the most recent figure I came across was around 2,000 different BTL mortgages, and they are being offered by up to (an estimated) 100 different lenders. All of those products, and all of those lenders, will have…
So often when an investor tells me that they are struggling to raise finance, it turns out they are using the wrong broker. Either the wrong type of broker – like they are trying to raise HMO finance through a buy to let specialist. Or just the WRONG broker. In other words, a broker who just isn’t…