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Found 13 results

  1. Hi all. I'm looking for a bit of advice as I'm in a bit of a frustrating position with a remortgage I'm currently going through and it's costing me money the longer it goes on. I listen to the podcast religiously and know there is a great community here so really hoping to get some advice if anyone can provide any. I've outlined my predicament below. I own a flat in Hinckley, Leicestershire which I rent out. The building is three stories high, and my flat is on the top floor. I've been trying to get the flat remortgaged recently but the lenders are asking for an EWS1 form to confirm the
  2. Hey Fellow Hubbers! So my property in Sheffield is coming up for remortgage now and I am trying to decide whether a 2yr or 5yr is best. This is my first property and the first remortgage, so just interested in what people normally do. I know it depends on your goals, and for me, it’s maximise cashflow and pull out as much equity as possible to reinvest. I do like the idea of knowing what I will pay for the next 5 years but as I am only at the beginning of my property journey feel I need to be a bit more aggressive and recycle my deposit to get that snowballing rolling. So my thought
  3. Hi everyone - can anyone advise on the tax implications of this scenario: I have equity in my main residence which I'd like to remortgage and lend the finance to an SPV ltd company to buy BTL flats. I'm a higher rate tax payer so buying in a ltd co. definitely makes more sense for me. I know if I bought the BTLs in my personal name then I could deduct part of the interest payments prior to tax. Is there any tax efficient way to claim interest relief if the mortgage is taken out personally but used to buy properties within a limited company? If I charge my company intere
  4. We remortgaged our home a few years ago and I seem to recall that we were expected by the new lender to give a reason why. As their interest rate was much lower than our existing one at that time then the reason was pretty obvious. But am I required to give a reason for remortgaging? If so, what if I change my mind after receiving the excess funds (if any) and use the money for something else? The reason for asking is because I'm interested in remortgaging to raise a deposit for a BTL property. Would a lender take a negative view of this? What if I said I was using the
  5. Hi All, I have scenario where buy I own a property with a friend. We are now at the stage where we would like to purchase our own homes with our respective partners but would like to retain the property as a long term investment. I assume this will mean transferring over to a buy to let mortgage. I'd be grateful for any advice/help with this. We have circa 75% LTV on the property. If any one can help (Broker or otherwise) I'd be very grateful! Thanks, Rob
  6. Hello property hub, many thanks for all the great advice on here. Such a wealth of knowledge, I really appreciate it. Just a quick question, we are looking to refinance on our current residential property and have been told we can take out £40k in equity. We are living in Dulwich in SE London at the moment, with a 2 bed first floor split level flat. Would it be best to invest the £40k in a buy to let in the north or use the planing permission we have on our current property to add and third bedroom and bathroom to increase the value of our residential pro
  7. Hello all, This is my first post on the forum but have done plenty of reading on here so I know how good the feedback is and value anyone's contribution to what I need advice one. I am a first time landlord who has been renting out a property since last November. The property is actually one I used to live in but when I moved to Manchester for a job I decided to get permission to let it out. This was always part of the plan but it happened a little sooner than anticipated as the Manchester job came out of the blue. In September I can re-mortgage the proper
  8. Hi all, My husband and I are looking to remortgage at the end of June when our two-year fixed term runs out. We also want to take equity out of the house (roughly £40k) to buy our first buy to let property. Is it better (i.e cheaper and easier) to take out the equity at the same time of remortgaging or to do it later? Does the timing make a difference in how much we'll have to pay back? Your thoughts appreciated. Thanks
  9. Hi all This is my first Hub post and many thanks for taking the time to read it. I live in Kent and have let my former flat in Crystal Palace since 2014. It's now re-mortgage time and I am considering the next step in property investment. You may recognise the topic title from a property webinar prepared by Rob B which I would strongly recommend if you have not seen it. The gist of it is how to build a portfolio that in time can provide an income through periodic refinancing. It has lots of pro's as a strategy and is my preferred one subject to clearing up the query below. My quest
  10. If I was to own a property as tenants in common with friends of family. Would I be able to remortgage/equity release my share of the property (assuming equity not an issue) independent from the other co-owners? thanks in advance for any info.
  11. Ok so I was listening to a podcast and there was a touch upon something I don't fully understand and I'm hoping somebody can clarify this for me. The subject is remortgaging or refinancing and if it is always a good idea because if I would like to release some equity I would then have to borrow more which means more monthly payments right? so what if this puts me in a situation where my borrowing is so much that the profit I earn from the house I have remortgaged is basically non-existent? Do I still do it because it will iron itself out eventually or do I have to find another way to raise th
  12. Hi all, So have have been listening to TPP since joining this forum, currently up to TPP043 since late May, so averaging around 10 per week Since listening, I have had a full change of mindset around my financial life (with Rob and Rob with added assistance of Pete Matthew - meaningful money), I think you very much for this! Working off a clear monthly budget and paying myself first! I currently have a large amount of money locked away in my main residential repayment mortgage and my property in the last 2 years has increased in value by around 10%, I'm looking to take some money
  13. Hello All, Quick bit of background: I am moving out of London (with, it seems, the rest of London) down to Brighton. We feel we have made a fair amount of money on our 2 bed flat, and would like to release equity to fund a deposit on a new property, plus, if we can, a further BTL. I have a mortgage advisor and he is setting me up on a 75% interest only BTL mortgage based on quite a high (but not ridiculous) valuation, and is sending the surveyor round asap. So, my question is as follows: How do I make sure the surveyor comes round and values the property at what I would love it to b
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