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kirsti p

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  1. Thanks for this, I'd no idea which of the hundreds of providers to start with! I have a broker who has done my 4 BTL mortgages so will get him onto it on Tuesday, but he's not mentioned bridging to me before so I'm not sure if he has experience. Also I need to research actual deals and crunch the numbers so I need the companies to compare their offerings. Anything you think I should be wary of as a complete bridging newbie? Kirsti
  2. Hi folks, I am buying a house at £39K which needs a complete refurb (up to £10K). Am thinking of getting a bridging loan then refinancing after 6 months (or earlier if any lenders would). The value will be around £60K once the refurb is done so a BTL mortgage is an option by then. I have 4 other BTLs all bought with a 75% BTL mortgage where I financed the refurbs and deposits myself, so this is the first time I'm doing it this way. Rob D's Complete Guide book taught me to look at other options for financing cash purchases, but I have no intel on good bridging finance options, can anyone tell me which companies would be a good starting place please? Any other tips or pointers much appreciated! Thanks all, Kirsti
  3. Hi folks, I am buying a house at £39K which needs a complete refurb (£10K). Am thinking of getting a bridging loan then refinancing after 6 months (value will be around £60K so a BTL mortgage is an option then). I have 4 other BTLs all bought with a 75% BTL mortgage where I financed the refurbs and deposits myself, so this is the first time I'm doing it this way. Rob D's Complete Guide book taught me to look at other options for financing cash purchases, but I have no intel on good bridging finance options, can anyone tell me which companies would be a good starting place please? Thanks all! Kirsti
  4. Exactly the same thing is happening with my husband... I gave him Rob D's Complete Guide book and he's now much clearer about the attitude to debt principles, which has been a major reluctance and needs a change in mindset as he puts it. It's really nice that he now is less dubious/risk averse to the business model. I have also sent the link to my letting agent as I found the Credit Union idea interesting and I actually called him to tell him about it after listening to it, promising him I'd send it, hence the search!
  5. Thank you SO much for this! That explains why I couldn't find it here...doh! Much appreciated, Kirsti
  6. Hi all, I am trying to find a podcast I listened to which had a couple from Wales who had 21 properties and they were sharing their experiences of self managing, giving their tips, I'd like to send it on to a friend but I can't find it...does it ring a bell with anyone? I recall that one of their tips was that they ensured that any housing benefit tenants opened a credit union account in their town which ensured that their rents were protected and it was helpful to the tenants to have the services of a credit union too. The husband did the management and practical side and the wife ran the office and admin. Hope someone can point me in the right direction, thanks in advance! Kind regards, Kirsti
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