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Showing results for tags 'bridgetolet'.
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I'm looking at purchasing properties using the BRR model, but I will want to refinance them before the so called '6 month rule' of ownership. However, I would rather avoid buying the property using 100% cash through bridging finance if possible (due to the expensive nature of short-term finance). The podcast mentions Day 1 Remortgaging where you buy the property (typically BMV) and the surveyor agrees in principle what the house will be worth when refurbished to a high standard. Using numbers to illustrate: Purchase price: £90k Value once refurbished: £140k Refurb c
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Hi all, I’m just in the process of buying a property that I want convert from a studio to a proper 1 bed flat. I m planning on following the Buy Refurbish Refinance Rent strategy as it fits quiet well for this property and plan. I’ve come across precise mortgages Refurbish Buy to Let product and it looks prefect for this application, but I’d love to hear if anyone has any experience using this type of product before and if so, how was the process , was there any aspects to be aware of that aren’t so obvious setting out or any general pros’ and cons? Any pointers of general advise wo -
Morning, Need some help in understanding my financing options under my current circumstance. I purchased a property at auction on Wednesday and looking to complete the purchase via my limited company set up to purchase property. As with all auction properties, I have 28 days to complete the transaction. I'm now at 24 days and counting. Couple of notes: - This would be the first property purchased within my limited company. - For employment I am relatively new to contracting (6months working in a contract role) after taking a break from employment for
