Jump to content

Recommended Posts

Hey all,

By way of introduction my name is Indy - recently stumbled across the property hub podcast and have been addicted since - listening throughout lockdown with most episodes repeating throughout the day.

i recently was fortunate enough to purchase my first property that I currently live in .

Starting at zero again and putting my goals and strategy onto paper I have come to a road bump - I need some advice / guidance if anyone could be so kind ;

My aim is to save as hard as I can , possibly a grand a month for 2/3 years , in that time I would have built some equity to remortgage 

and here is the crux

say I came into 50/60 k - I want to get into a buy to let strategy - however I’m aware that most mortgages are only 75% - which leaves me with a purchase price of 200k ish

the south east England  / west London - where I’m based - it’s really hard to find anything for 200k - so what would you do if you was me ? Would you wait to save a bigger deposit / find a new property to live in and remortgage the house I’m in now to a buy to let ? etc etc 

Does anyone know of any clever ideas / tricks ? 

Would be good to hear if anyone is in a similar situation .

thanks

indy 

 

Link to post

Create an account or sign in to comment

You need to be a member in order to leave a comment

Create an account

Sign up for a new account in our community. It's easy!

Register a new account

Sign in

Already have an account? Sign in here.

Sign In Now
×
×
  • Create New...