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Showing results for tags 'Leveraging'.
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Ltd Company BTL Mortgage rates
Lucy Friend posted a topic in General property discussionHi there! Just wanted to know whether we are missing something obvious!? Or if someone else is asking this same question? With BTL mortgage borrowing rates at 3.4% in a Limited Company, how is leveraging favourable inside a Ltd company? Compared to 1.4% rates on a personal BTL mortgage? Mortgage rates are significantly different (higher) for Ltd Companies so affects the ability to build a portfolio with basic leveraging? Any insight / thoughts / strategies / lender recommendations would be fabulous! Thank you
Leveraging advice please.
tom palmer posted a topic in Mortgage Advicei understand how leveraging works to build an empire... but i cant seem to find information on how cash is trasfered around to a new scource. IE: buy at 100k at 75%/25% Do up and remortgage at 125K. Does the money get put into your bank account or does it have to be secured on a home. Sorry if this is a dumb question but i cant find a complete answer anywhere. Does the new lender give you cash and put it in your current account!?! I feel like a bit of a bone head asking this to be honest. Could some body give a 100K 75/25 example and explain the route and destination of the various finances. I was surprised how hard it is to get this information but maybe i am looking in the wrong place. Much obliged in advance. Tom