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Found 10 results

  1. Hi All I am really struggling to decide if to go with Interest only or repayment mortgages for BTL investing. I am fortunate where I have a very well paying job and also passive income from investments therefore I do not need any income from my BTL portfolio in the short to medium term (early retirement planning). I also don’t need any funds from my BTL to purchase more properties as this will come from other income. Therefore surely it would be better for me to go with a repayment strategy where I have all the properties paid off unless you can convince me otherwise. Th
  2. Hi everyone, I'm new to the hub and the world of property investment. I have lived on the Isle of Man for the last year, but will shortly be moving back to the UK (Manchester) in October to take up a new job and start my property investment journey! I'm trying to determine my strategy and would appreciate peoples thoughts. I've outlined my objectives, circumstances and available capital herein... Objective Create circa £5k monthly net income (before tax) from property within the next 5 years Circumstances and Available Capital/Equity I own a flat in South Man
  3. I currently work in London as a Management Consultant, where I earn 60k a year. Over the last 4-5 months, I’ve developed an interest in Property from a desire to supplement my earnings with passive streams of income. By the end of the year, I will have £30k ish saved. I’m not interested in buying my own place, as I like/need the flexibility in renting - and so am going to start to build a Property portfolio with that money, probably start with a BRR in Liverpool, and continue to funnel money into other deals from my day job. However, I’m still very new to Property and am without any
  4. Morning all Just wanted to ask for some advice off anyone who is a few steps in front of me or is where I want to be. I am a 20 year old electrician and have been studying about property investment/ development for about a year or two simply just reading books, articles, forums you tube videos etc... My best pal and I (who is also and electrician) have decided to partner up on our property investment journey as we both have very similar if not the same goals relating to where we want to be and also feel that we would work very well with each other. We both live in Caterham surrey and betw
  5. Hello, we are buying our first home and have around 72k in the bank to do so. We are evaluating several options going back and forth and can't decide on the best strategy. Our goals are: 1) get on the property ladder now when prices are stable or declining, 2) build up equity to buy a more expensive house in 4-5years time. Our options are: a) Help to Buy, b) Second hand property with 10% deposit. We like option a because of how much money it saves us in interest (the mortgage rate comes down to around 1.68% - 1.84%) which means we can achieve higher equity. Our mortgage broker says we can remo
  6. Hello all! My wife and I are hoping for a bit of advice around starting our property investment journey, and we want to run a current plan past you all for opinions and advice.... We currently own a house in Hertfordshire, in a London commuter town. We want to use capital in this property to raise cash for a buy to let property. However, we’re currently locked into a fixed term repayment mortgage until December 2022, and as of 03/03/2020, the redemption fee is £9,196. The house has been valued at £450,000 and the outstanding mortgage amount is £306,586 (£315,782 to exit the agree
  7. I am about to start out in the property world, I would love to end up owning hmos or a lot of properties that allows me to replace my job, however I have a large chunk to invest from inheritence. I would love opinions or ideas on how they would start? I have over 100k to start, would people start by flipping to increase the pot, or go down the buy to let route. Just looking for peoples opinions really, and would you recommend a limited company to start with etc? Thanks, Tom!
  8. My sister and I are in the process of purchasing our 1st property through our Ltd co, a 2 bed flat in Liverpool city centre close to the Liverpool Waters area. The deposit was paid on this, off plan, last year and it is due to complete in 6 weeks. We used a mortgage broker who was highly recommended on this site who submitted a mortgage application which was declined. We have been advised that any further applications are also likey to be declined and he has recommended that we withdraw from the purchase of this property. The main reasons cited were that it is an investor area wich would limit
  9. Hi all, My name is Cosmin and I start the journey of investing by buying a small 2 bedrooms house in Leamington Spa (50 m2). It was the house I was renting so I thought it was a good idea to have it until I'm saving enough to move to a bigger house (the one where you raise your children and live for the rest of your life). At the moment the house can accept some big upgrades: heating / bathroom / an extension (around 10 m2 ground level only ) I have 10% equity at the moment. I know I need to have around 25% of it to be able to move the mortgage to BTL
  10. If I can get the same yield, regardless of size, I'm really interested to hear people's opinions on whether larger investments are better or worse than smaller. I'm attracted to smaller purchases as it's easier to find cash for the next deposit. I can grow my portfolio more steadily and making more purchases means I can learn more and make better decisions over time. I also hope that the investments will be in under-valued areas and get more capital growth. I know this is only a hope though! A larger investment means I have fewer potential problems in my portfolio in the
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