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Ollie Oakley

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    3
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About Ollie Oakley

  • Rank
    Newbie

Contact Methods

  • Website URL
    www.southsea-studios.co.uk

Profile Information

  • Location
    Portsmouth
  • Areas I invest in
    Portsmouth
  • About me
    Owner of a MUFB of 11 self contained apartments, of which 2 i run as FHL.
  • Property investment interests
    BTL, BRRR,
  • My skills
    FHL (Airbnb etc)
  • My goals
    Early retirement from the armed forces and to be able to provide my children with their first property when they are old enough.

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  1. Hi Arjun, Thanks a lot for your response, much appreciated. That makes sense using the bridging. I suppose it would make sense to workout if the early repayment charge was less than the costs overall for the bridging and see which works out most cost effective. I know bridging tends to be more expensive. I wasn't aware lenders typically don't like you using BTL for BRRR option, although i didn't consider just asking for additional borrowing anyhow. I assumed perhaps people were perhaps not using a fixed mortgage and that way refinancing straight away, or like you say paying the early rep
  2. Hi all and happy new year! Looking over the BRR strategy.....a quick question for anyone who might know the answer. How quickly can you refinance and pull your initial investment back out? If i buy a house in Jan, with a BTL mortgage, complete the refurb by March ready to rent out...can I re-finance that soon or do you need to wait out the initial fixed period of say 2 years? I know you probably don't need to wait til the end of the fixed period, but not found any info on the typical process.....or do you pay exit fee etc? Thanks Hubbers! Ollie
  3. Hi all and happy new year! Looking over the BRR strategy.....a quick question for anyone who might know the answer. How quickly can you refinance and pull your initial investment back out? If i buy a house in Jan, with a BTL mortgage, complete the refurb by March ready to rent out...can I re-finance that soon or do you need to wait out the initial fixed period of say 2 years? I know you probably don't need to wait til the end of the fixed period, but not found any info on the typical process.....or do you pay exit fee etc? Thanks Hubbers! Ollie
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