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Showing results for tags 'first-time buyer'.
Hi everybody! My husband and I are looking to get a BTL in Scotland (we have some contacts there). We're not homeowners and are wondering what's the best to do, buying through a joint personal mortgage or through a limited company. Our mortgage broker said that possibilities are very limited for us buying through a ltd, plus interest rate will be higher. Our idea is to build a small portfolio. Would it make sense to start with one property on a joint personal mortgage and see how things go? It looks that is more expensive to start with a limited company. I guess the problem would be
Hi everyone, I live in London and the rent I pay at the moment is much lower than the mortgage I would pay to buy the same kind of property here (like 40% cheaper). So, I'm thinking to invest my money in a buy-to-let somewhere else and keep renting in London. But I cannot find enough information online to understand if it's a good idea: Will lenders allow me to do buy-to-let as a first investment? Will I lose the the ability of using only the 10% deposit when I will buy my own house in the future? How will the Stamp Duty work? Will I pay less in the first buy-to-l
Hi! I'm Will, I'm 27 and am based down in Hampshire/London at the moment. I have long had an interest in property as an investment but am only now in a position to buy something on my own. My first experience with property was in 2011 and it was a joint venture with my parents. We bought in Kings Cross (I own 25% - costing £150k) and it is doing very well thanks to all the local redevelopment. My primary goal is to work up through the property ladder so that I have somewhere nice to live and be mortgage free. Depending on my success I may treat this a serious venture; and put off