Content here was better than many "Masterclasses" flaunted in the property investment industry. I've been waiting for the follow up video on exit strategies with bridges
Are you talking about our famous illusionist, self-proclaimed millionaire with only a bunch of houses in real world charging people surplus of 5 digits and responsible for literally people hung themselves after one way ticket of "masterclass". Sombody needs to stop those youtube liers. This on the other hand is spot on first hand practical essential advice.
Precisely the video i was looking for ! great advice thankyou. like you say , a lot of the info out there just tells you the basics of what bridging is ,not how to use it properly.
One of the most in depth best videos i have heard. I am an 18 hear old trying to get on the property ladder because my education route aint the best 😅. I have been exposed to a lot of terrible advice on youtube . Thanks to your videos i am a little bit more understandable of the property ladder 👌🏽
This is top notch advice. My missus is an underwriter and we had the same conversation recently about the exit strategy matching what the bridge was used for. Some brilliant nuggets of advice here, thanks Payam.
Thank you for taking the time to make this video and give good advise. I plan on starting my investment journey next year and learning all I can for now so this advise is extremely valuable and is appreciated. I have liked and subscribed too as it's the least I can do.
Bravo sir. You sir are worth your weight in gold. I am looking to invest in my first buy to let. I was curious in bridging loans even though I have 28k to invest. Thanks for the advice.
Thank you Kenroy there are lots of briding products available as long as people know so the process and the risks involved there are some very good solutions it's all about understanding the exit strategy
@@Nicheadvice That seems to be the case. It's a shame that some brokers are not very trustworthy but I guess it up to me to do my due diligence before using a broker.
Much appreciated rather than just telling people what I offer I want to show them the level of knowledge and hopefully persuade them to try using me rather than others.
why would you use bridging for a light refurb project? say a house is 85K bridge LTV is 75% so you still need a deposit of £21K still? + refurb costs + interest + arrangement fees + stamp Unless the refurb adds lots of value...why not just get a mortgage? is it because bridging is quicker to get?
Thank you so much for taking the time and commenting on the video it's much appreciated I'm glad I could be of some assistance hopefully more should you need me
Hi Josh thank you for your comment I think I took down the video as soon as I put it up it was out of date with all the world changing I'll try to do a new video around exit strategies from bridging finance but in the meantime if you have anything specific give me a call
So if I'm following this correctly for the property I'm looking to get at auction: Bridging loan to get house Get central heating in asap Get mortgage to exit bridge???
Thanks for this video.Very insightful.. Just a question, my inlaw has a mortgaged 2 bed property that he is looking to add value to by extending and making a 4 bedroom.Can he get a bridging loan to finance the extension and have refinanced? If not possible, what can he do as he has no personal fund to carry out thr project. Thanks
Yes he could but first we have to look at all the other cheaper alternatives. I suggest you get in touch. Bridging should be the last option as its very expensive and can be risky so we will need to talk about exit strategies and what happens if things go wrong. Complete the form below so I can get in touch www.nicheadvice.co.uk/contact-us/
What would be your advice. I have seen a property I want which has a lot of potential but in order to purchase I need to sell the two properties I have they will more than cover the amount I need as one has no mortgage and the other has 2 years left.Would you suggest getting a bridging loan to purchase the property and then pay it back once I have sold my other 2 as I am worried that I will lose this property if it takes a while to sell my two.
That's exactly the reason why bridging loans are actually used as long as there is a viable exit strategy give me a call in the morning so we can talk about what you can potentially get also so you could refinance the unencumbered property with a no early repayment charge buy-to-let mortgage so there are some options so give me a call.
Content here was better than many "Masterclasses" flaunted in the property investment industry. I've been waiting for the follow up video on exit strategies with bridges
Thanks Dipak I will try to do one next week
Are you talking about our famous illusionist, self-proclaimed millionaire with only a bunch of houses in real world charging people surplus of 5 digits and responsible for literally people hung themselves after one way ticket of "masterclass". Sombody needs to stop those youtube liers.
This on the other hand is spot on first hand practical essential advice.
@@Britcoolful Yep, that's who, and nearly all others too.
Precisely the video i was looking for ! great advice thankyou. like you say , a lot of the info out there just tells you the basics of what bridging is ,not how to use it properly.
Thank you for your kind words Angelina far too many people take out bridging without knowing how it all works.
One of the most in depth best videos i have heard. I am an 18 hear old trying to get on the property ladder because my education route aint the best 😅. I have been exposed to a lot of terrible advice on youtube . Thanks to your videos i am a little bit more understandable of the property ladder 👌🏽
Thank you for taking the time watching my video and then making a commen. It really makes me happy that you found the video useful.
VERY REALISTIC illustration with real time examples great content
Thank you very much for your comment it's much appreciated
This warning saved me from diving head first. Thank you
Thanks Alex don't get me wrong we are doing bridging cases but it's not going to be right for everyone I am glad my video helped.
Great video, I am so glad you are making these important videos, keep up the good work
Cheers Richard
This is top notch advice. My missus is an underwriter and we had the same conversation recently about the exit strategy matching what the bridge was used for. Some brilliant nuggets of advice here, thanks Payam.
Glad it was helpful!
Thank you for taking the time to make this video and give good advise. I plan on starting my investment journey next year and learning all I can for now so this advise is extremely valuable and is appreciated. I have liked and subscribed too as it's the least I can do.
Thank you so much for your comment Ellis
Bravo sir. You sir are worth your weight in gold. I am looking to invest in my first buy to let. I was curious in bridging loans even though I have 28k to invest. Thanks for the advice.
Thank you Kenroy there are lots of briding products available as long as people know so the process and the risks involved there are some very good solutions it's all about understanding the exit strategy
@@Nicheadvice That seems to be the case. It's a shame that some brokers are not very trustworthy but I guess it up to me to do my due diligence before using a broker.
Fantastic advice!
thank you I'm glad you liked it
Brilliant! Quite information and honest - Thanks
Much appreciated rather than just telling people what I offer I want to show them the level of knowledge and hopefully persuade them to try using me rather than others.
why would you use bridging for a light refurb project?
say a house is 85K bridge LTV is 75% so you still need a deposit of £21K still? + refurb costs + interest + arrangement fees + stamp
Unless the refurb adds lots of value...why not just get a mortgage?
is it because bridging is quicker to get?
+ZoroXLuffy you typically get a light refurbishment product when when the property is not mortgageable for example not a working kitchen and bathroom
I like the way you talk , to the point.
Invaluable information for property investors.
Thank you so much for taking the time and commenting on the video it's much appreciated I'm glad I could be of some assistance hopefully more should you need me
@@Nicheadvice this is by far the most honest content in the UK for this field. Great work.
Really interesting video, Very articulate and clear. Thank you
Thank you very much for taking the time to comment and watch the video Jack. Really appreciate the feedback
Thank you for this
Nice video, probably the best one I've seen on the subject. Can you use a loan from someone as a deposit when buying with bridging finance?
It depends on the lone structure and the terms of the loan but yes I do believe there are lenders that will accept this
Great information
Thanks Luke do get in touch if you need more information
You are Fantastic thank you for the great content. Subscribed, liked and shared.
wow thank you Nas
Great help thank you
Thanks Dogush
Thank you for sharing the information.. it's really educative
Thanks Joe
Excellent video.
Thank you for taking the time out to watch the video and leaving a comment much appreciated
Hey mate, great video! Where’s the link for the exit strategy vid?
Hi Josh thank you for your comment I think I took down the video as soon as I put it up it was out of date with all the world changing I'll try to do a new video around exit strategies from bridging finance but in the meantime if you have anything specific give me a call
Niche Advice Limited that would be amazing, thank you!
Hi, would you be able to send me your contact information I would like to discuss a matter with you
Good Good info . .
Thanks CB
What are your thoughts on bridge to let products?
How do you de-risk a down valuation.
Very good product got lunched a few weeks back a video on bridge to let is coming tomorrow
So if I'm following this correctly for the property I'm looking to get at auction:
Bridging loan to get house
Get central heating in asap
Get mortgage to exit bridge???
All comes down to why you think your need the loan and not a standard mortgage in the first place
@@Nicheadvice oh yeah basically the place doesnt have working central heating yet
Called a product for reason. Not for everyone.
Excellent, Very informative video.
Thanks Lago appreciate it
Thanks for this video.Very insightful..
Just a question, my inlaw has a mortgaged 2 bed property that he is looking to add value to by extending and making a 4 bedroom.Can he get a bridging loan to finance the extension and have refinanced?
If not possible, what can he do as he has no personal fund to carry out thr project.
Thanks
Yes he could but first we have to look at all the other cheaper alternatives. I suggest you get in touch. Bridging should be the last option as its very expensive and can be risky so we will need to talk about exit strategies and what happens if things go wrong. Complete the form below so I can get in touch
www.nicheadvice.co.uk/contact-us/
May I trust bridge finance for investment
Iam doing investment and getting profits 2.5%
Please advise me may I trust bridge finance?
Sorry I do not offer investment advice
What would be your advice. I have seen a property I want which has a lot of potential but in order to purchase I need to sell the two properties I have they will more than cover the amount I need as one has no mortgage and the other has 2 years left.Would you suggest getting a bridging loan to purchase the property and then pay it back once I have sold my other 2 as I am worried that I will lose this property if it takes a while to sell my two.
That's exactly the reason why bridging loans are actually used as long as there is a viable exit strategy give me a call in the morning so we can talk about what you can potentially get also so you could refinance the unencumbered property with a no early repayment charge buy-to-let mortgage so there are some options so give me a call.
Wow you are the very best at this question . can I get a bridging loan on a future BTL
yes I think you can