Hope you found that useful as I am trying to put out content to help evryone learn. Let me know in the comments what else you want to know or what questions you want answered!
One idea could be to make a step by step video on a real life example of a property you have invested in and the return you made on it, how long it took etc Thanks.
Great video mate, could you perhaps go into a bit of detail of what’s involved when investing in other countries? Like your other projects. Would be a good insight for the legalities & process of purchasing property in a country you’re not a resident in. Keep it up mate, great variety of content on your channel 👍🏼
Pretty useful information for me since I just finish my degree and what I should do or consider before buying a property. I was also thinking the same way like you do, buy any simple property and do up and put it on sale. Is like taking the advantage of a mispricing of a stock. Your comments on inheritance access money was gold man.
Probably not the easiest to do because closing costs play a major role and eats into any profit you get if you just straight up try to buy and sell However there are opportunities to buy a property in not ideal condition, do some renovations and then resell at a higher value, then even with the closing costs, you would still make a profit. The best case scenario over the long term is to buy and renovate, refinance pull out your initial down payment and then rent out the property at highest possible rents for the long term, because long term owning assets far outplays short term profits from flipping, but either way they are both good options.
Yes both good options. Positives and negatives to each side. If you rent and hold you take out less money so can't always move onto another project. If you sell you can exit the market and not be subject to difficult times when the market falls. Many different ways to look at it, depends on your risk appetite. While rates are low it is a good time to hold and rent and just pull out the equity.
This is why I watch your channel! And subscribed from your first video!!! Looking to get on the property ladder. But without minimal help from my dad as want to do it my self. I knew most of the stuff but there was some really really helpful info. U don’t need to share all this info and help. Much appreciated bro!!!!! Keep it coming!!!
Good info, I would also suggest starters to invest in REIT's. You need to find the good ones but I receive 9% on an annual basis. I could do it myself and average 11-12% after cost, but I enjoy not having the extra responsibility. 10:50 is worth gold because that is how I do it and it works!
Bang on about your comments on money etc. Nothing wrong with being given money - just don’t assume everyone doing well was! Really insightful video. Love this type of content!
Glad you agree Callum. I personally haven't come from a rich/affluent background but it was by no means disadvantaged or poor. However it doesn't matter either way and I wish more people would see it like that.
Anishvin completely, doesn’t matter! Just very glad for anyone sharing this kind of content. Love that you address it directly - banking from uni is a smart move (from an Economics undergrad!)
Do full mortgages exist? For example, a house for 450k, deposit of 60k, remaining balance of 390k, would a bank give this amount to a couple with a joint salary of 60k Per annum.
Dear Bhavesh, If you are seeking a property to live in the lender would lend up to 90% of the property value subject to your annual income and expenditure. If you wish to purchase a buy to let, the lenders would lend up to 80% LTV subject to rental income. For more information, contact Akhil and Our Mortgage Broker to discuss your enquiry in more detail. All the best. Akhil Mair 0203 971 1234 akhil@ourmortgagebroker.co.uk
Fantastic video. Really informative. Il be graduating with a masters in engineering degree in a years time. I want the shortest amount of time before purchasing my own home and then building my own property portfolio. Videos like this are priceless.
Thank you for your comments. Please do not hesitate to contact me with your mortgage enquiry. Akhil Mair Our Mortgage Broker Ltd D: 0203 971 1234 | M: 07957 146 343 E: akhil@ourmortgagebroker.co.uk W: www.ourmortgagebroker.co.uk
Really like these videos Anish, I find them really helpful and informative. I've bought my first property with a mortgage after having saved enough for a deposit and purposely chose a run down bungalow not only for price but to hopefully start my path within developing. I have been doing most of the work myself so Its been a little slow going but I'm making progress and will be looking to put it back on the market in spring 2018. You asked about what type of video we would like to see, me personally would be about the process of a development from start to finish ie first fix, second fix etc and timings/planning of them. Thanks
Glad you liked the video. I am about to start a new project in January and will try and create a series with that in mind. All the best with your project I hope it goes well. The first one is always the toughest
Anishvin Thanks for your reply and feedback Anish it's greatly appreciated. I remember you saying about 20% profit and everything going well I think I'm on track to hit that so the hard works paying off. I look forward to the new series. Thanks again
Thank you for your comments. Please do not hesitate to contact me with your mortgage enquiry. Akhil Mair Our Mortgage Broker Ltd D: 0203 971 1234 | M: 07957 146 343 E: akhil@ourmortgagebroker.co.uk W: www.ourmortgagebroker.co.uk
This was brilliant for people who know nothing about it, but want and most likely will need this info in the future, also for someone who knows some of it even all, but just having a refresher never harms anyone 🤝thank you it served me personally very well 👍 and I'm sure many others 👏👊👌
Thank you for your comments. Please do not hesitate to contact me with your mortgage enquiry. Akhil Mair Our Mortgage Broker Ltd D: 0203 971 1234 | M: 07957 146 343 E: akhil@ourmortgagebroker.co.uk W: www.ourmortgagebroker.co.uk
Thank you for your comments. Buy property anywhere in UK is good idea, you must do the numbers and ensure it cash flows well.. Please do not hesitate to contact me with your mortgage enquiry. Akhil Mair Our Mortgage Broker Ltd D: 0203 971 1234 | M: 07957 146 343 E: akhil@ourmortgagebroker.co.uk W: www.ourmortgagebroker.co.uk
You’ve mentioned REITs for small-dollar investments (eg $10,000). How does one go about finding and choosing and then placing with REITs? I have a business degree but know little about property development.
Thank you for your comments. Please do not hesitate to contact me with your mortgage enquiry. Akhil Mair Our Mortgage Broker Ltd D: 0203 971 1234 | M: 07957 146 343 E: akhil@ourmortgagebroker.co.uk W: www.ourmortgagebroker.co.uk
Thank you for your comments. Please do not hesitate to contact me with your mortgage enquiry. Akhil Mair Our Mortgage Broker Ltd D: 0203 971 1234 | E: akhil@ourmortgagebroker.co.uk W: www.ourmortgagebroker.co.uk
Thank you for your comments. Please do not hesitate to contact me with your mortgage enquiry. Akhil Mair Our Mortgage Broker Ltd D: 0203 971 1234 | E: akhil@ourmortgagebroker.co.uk W: www.ourmortgagebroker.co.uk
Hi anish on one of your videos you put regarding kitchens as for your property as you did say if anyone was interested to email you? I’m doing one f my properties, and i was looking for a new kitchen, need it to be based in London so they can measure and do the necessary bits? If so can you give an email please to contact you? Thanks.
Hi anish, I'm not sure if you'll even get this but I have a question. How did you start trading at 16? I'm trying to sign up, but they all say I need to be 18 or over, is there anyway you can help me?
Great vid anishvin, can yu do a vid on how to do research on a property, as a beginner who lives with his parents nd they have themselves never bought any other property’s, i really have no clue on how research on a property yur interested in buying is conducted. Thank you so much and carry on with the hardwork!! 💙
Thank you for your comments. Please do not hesitate to contact me with your mortgage enquiry. Akhil Mair Our Mortgage Broker Ltd D: 0203 971 1234 | E: akhil@ourmortgagebroker.co.uk W: www.ourmortgagebroker.co.uk
Question!?If your using your credit card all the time aswell this can actually also have a negative impact on your credit rating regardless if your paying it back in time, as this shows that your relying on your credit card?
No that isn't correct. If you use it and pay it off it shows you have the ability to borrow money and pay it off so to speak. I clear my credit card every month in full so it shows that I can manage my money. It doesn't show I rely on a credit card as every month the full bill is paid. If you don't pay in full (which you should never do) then it shows that you need to rely on a credit card
Anishvin correct. Also it’s fine to have a balance on your credit card. Just remember to keep it below 25% of your limit otherwise it will affect your credit rating. Also pay of more than whatever the minimum payment required is. So if it’s £100 minimum pay off £300 example.
Thank you for your comments. Please do not hesitate to contact me with your mortgage enquiry. Akhil Mair Our Mortgage Broker Ltd D: 0203 971 1234 | E: akhil@ourmortgagebroker.co.uk W: www.ourmortgagebroker.co.uk
I just watched this video, great content as usual. You mention to get a credit card to build up credit. I have a poor credit score but managed to get 4 btl mortgage's last year however tried to get a credit card last month but was refused, since then I have got another btl mortgage'. Not sure what's going on there.
Getting credit can potentially help build your credit score, however, i would suggest using the card for items you can afford to pay within the interest-free period. Are you on the voters roll where you live? All the best. Akhil Mair 0203 971 1234 akhil@ourmortgagebroker.co.uk
Thank you for your comments. Please do not hesitate to contact me with your mortgage enquiry. Akhil Mair Our Mortgage Broker Ltd D: 0203 971 1234 | E: akhil@ourmortgagebroker.co.uk W: www.ourmortgagebroker.co.uk
Hi Anish! Thankyou to yourself and your friend, I really took a lot of value from this video, I liked the reference to Hull because I'm from Lincolnshire which isn't very far away from there any I've always thought It isn't as easy to make a good amount of money on properties up north, however you've opened my eyes quite a bit with your videos and by suggesting places like hull as good starting points, which after all is the city of culture for this year! Would you agree that there isn't as much money to be made up north or is it just because there are bigger profit margins down south due to properties being more costly and increase in value faster near London? Thanks. Ben Fussey.
I am glad you enjoyed the video. With regards to bigger profit down south, that isn't always the case. If you put in 60k and make 20k profit up north that might be small but its the same as putting in 600k and making 200k in terms of percentage. So essentially because prices are higher the amount of profit is but your percentage return is the same or even higher up north sometimes
Akhil Mair was on form in this video. Great broker. By the way, he has moved from Brooklands and setup on his own. You can now reach him at ourmortgagebroker.co.uk/
Brokers work for the lender and their client the lender will pay the broker a fee for finding a client the client will pay the broker a fee for finding a good deal.
Next time we will Thank you for your comments. Please do not hesitate to contact me with your mortgage enquiry. Akhil Mair Our Mortgage Broker Ltd D: 0203 971 1234 | M: 07957 146 343 E: akhil@ourmortgagebroker.co.uk W: www.ourmortgagebroker.co.uk
Thank you for your comments. Please do not hesitate to contact me with your mortgage enquiry. Akhil Mair Our Mortgage Broker Ltd D: 0203 971 1234 | M: 07957 146 343 E: akhil@ourmortgagebroker.co.uk W: www.ourmortgagebroker.co.uk
General rule of thumb is 4-5x your annual salary so the amount you can lend goes against the amount you earn. No set amount as there is no set amount on how much a particular property is worth. Generally speaking they will analyse your monthly outgoings against your monthly salary to see how you could manage the extra expense of the payback plus bills etc.
It depends on each type of mortgage. Usually minimum 5% for an owner occupied property and at least 15% for a buy to let Thank you for your comments. Please do not hesitate to contact me with your mortgage enquiry. Akhil Mair Our Mortgage Broker Ltd D: 0203 971 1234 | E: akhil@ourmortgagebroker.co.uk W: www.ourmortgagebroker.co.uk
Thank you for your comments. Please do not hesitate to contact me with your mortgage enquiry. Akhil Mair Our Mortgage Broker Ltd D: 0203 971 1234 | M: 07957 146 343 E: akhil@ourmortgagebroker.co.uk W: www.ourmortgagebroker.co.uk
What about VAT? if you go to buying and selling you must register as VAT payer after certain threshold. And you are usually buying from not VAT sellers (rather from private people). I see huge problem here. For example if you buy at 40k, fix for 10K, reach value of 65k your profit is 15K. But if you are vat registered, buy for 40K, fix for 10K and want to earn the same 15k you need to sell for 65k + VAT (which is no longer viable sell as it is 65k worth property selling for 65K+ Vat which is 78k or so).
Hi Tom, As the comment from Kareem says, there is different rules for commercial and residential. I think you may have your wires crossed there. I talk about it a lot more in the seminar but the VAT does'nt work as you have explained. Don't worry it is a common mistake.
Nice to know. But you must add VAT when you develop properties from scratch though? After you reach minimal requirement threshold for when you must register as VAT payer, right?
Yes but when you sell or buy a residential property you don't pay VAT. On new builds there are, but many have exemptions. When you redevelop you get discounts on vat where it is as small as 5%. There are different factors, I talk about it more in my seminar.
That broker is going to get bombarded! :) Question Anish, what's the best way to manage a B2L? I own a flat in north london but self managing however my wife and I will be buying our second next year. Self managing isn't scalable and i don't see the value in estate agent mngmt fees for what you get in return.
Self manage is cheapest method, but depends on location and logistics, engage with a local agent Thank you for your comments. Please do not hesitate to contact me with your mortgage enquiry. Akhil Mair Our Mortgage Broker Ltd D: 0203 971 1234 | E: akhil@ourmortgagebroker.co.uk W: www.ourmortgagebroker.co.uk
Thank you for your comments. Please do not hesitate to contact me with your mortgage enquiry. Akhil Mair Our Mortgage Broker Ltd D: 0203 971 1234 | M: 07957 146 343 E: akhil@ourmortgagebroker.co.uk W: www.ourmortgagebroker.co.uk
Thank you for the content! I´m still waiting for the crypto trading video, when do you plan to make one? because the crypro market is going crazy right now. Greetings from Holland!
Thank you for your comments. Please do not hesitate to contact me with your mortgage enquiry. Akhil Mair Our Mortgage Broker Ltd D: 0203 971 1234 | M: 07957 146 343 E: akhil@ourmortgagebroker.co.uk W: www.ourmortgagebroker.co.uk
Nervous? Thank you for your comments. Please do not hesitate to contact me with your mortgage enquiry. Akhil Mair Our Mortgage Broker Ltd D: 0203 971 1234 | M: 07957 146 343 E: akhil@ourmortgagebroker.co.uk W: www.ourmortgagebroker.co.uk
Hope you found that useful as I am trying to put out content to help evryone learn. Let me know in the comments what else you want to know or what questions you want answered!
Anishvin thx bro great Video
I'm glad you found it useful!
One idea could be to make a step by step video on a real life example of a property you have invested in and the return you made on it, how long it took etc
Thanks.
Great video mate, could you perhaps go into a bit of detail of what’s involved when investing in other countries? Like your other projects.
Would be a good insight for the legalities & process of purchasing property in a country you’re not a resident in.
Keep it up mate, great variety of content on your channel 👍🏼
Thank you soo much mate you're video was really helpful and thanks for sharing your knowledge ❤️
Such simple yet informative videos. Thanks a bunch.
Glad you liked it and found it useful. You're welcome
Pretty useful information for me since I just finish my degree and what I should do or consider before buying a property. I was also thinking the same way like you do, buy any simple property and do up and put it on sale. Is like taking the advantage of a mispricing of a stock. Your comments on inheritance access money was gold man.
Ye it is basically like that. All the best with your degree
Probably not the easiest to do because closing costs play a major role and eats into any profit you get if you just straight up try to buy and sell However there are opportunities to buy a property in not ideal condition, do some renovations and then resell at a higher value, then even with the closing costs, you would still make a profit. The best case scenario over the long term is to buy and renovate, refinance pull out your initial down payment and then rent out the property at highest possible rents for the long term, because long term owning assets far outplays short term profits from flipping, but either way they are both good options.
Sukun Unosawa yea absolutely true
Yes both good options. Positives and negatives to each side. If you rent and hold you take out less money so can't always move onto another project. If you sell you can exit the market and not be subject to difficult times when the market falls. Many different ways to look at it, depends on your risk appetite. While rates are low it is a good time to hold and rent and just pull out the equity.
Can you talk about buy to let mortgages please.
This is why I watch your channel! And subscribed from your first video!!!
Looking to get on the property ladder. But without minimal help from my dad as want to do it my self. I knew most of the stuff but there was some really really helpful info.
U don’t need to share all this info and help. Much appreciated bro!!!!! Keep it coming!!!
Thanks for subscribing. Appreciate the kind words
Good info, I would also suggest starters to invest in REIT's. You need to find the good ones but I receive 9% on an annual basis. I could do it myself and average 11-12% after cost, but I enjoy not having the extra responsibility. 10:50 is worth gold because that is how I do it and it works!
Yes I talk about REIT's in my seminar they are a great way to start
Superb sound advice.. thanks Anish. Imran
Thanks, glad you liked it
Bang on about your comments on money etc. Nothing wrong with being given money - just don’t assume everyone doing well was! Really insightful video. Love this type of content!
Glad you agree Callum. I personally haven't come from a rich/affluent background but it was by no means disadvantaged or poor. However it doesn't matter either way and I wish more people would see it like that.
Anishvin completely, doesn’t matter! Just very glad for anyone sharing this kind of content. Love that you address it directly - banking from uni is a smart move (from an Economics undergrad!)
Do full mortgages exist? For example, a house for 450k, deposit of 60k, remaining balance of 390k, would a bank give this amount to a couple with a joint salary of 60k Per annum.
Dear Bhavesh,
If you are seeking a property to live in the lender would lend up to 90% of the property value subject to your annual income and expenditure.
If you wish to purchase a buy to let, the lenders would lend up to 80% LTV subject to rental income.
For more information, contact Akhil and Our Mortgage Broker to discuss your enquiry in more detail.
All the best.
Akhil Mair
0203 971 1234
akhil@ourmortgagebroker.co.uk
Good advice from the broker. Thanks for the upload, these are the type of videos we need!
Glad you liked the video
Great stuff Anishvin. Love the stuff you’re putting out mate. Keep it up.
Thank you Adam
Fantastic video. Really informative. Il be graduating with a masters in engineering degree in a years time. I want the shortest amount of time before purchasing my own home and then building my own property portfolio. Videos like this are priceless.
Thank you for your comments.
Please do not hesitate to contact me with your mortgage enquiry.
Akhil Mair
Our Mortgage Broker Ltd
D: 0203 971 1234 | M: 07957 146 343
E: akhil@ourmortgagebroker.co.uk
W: www.ourmortgagebroker.co.uk
Really like these videos Anish, I find them really helpful and informative. I've bought my first property with a mortgage after having saved enough for a deposit and purposely chose a run down bungalow not only for price but to hopefully start my path within developing. I have been doing most of the work myself so Its been a little slow going but I'm making progress and will be looking to put it back on the market in spring 2018. You asked about what type of video we would like to see, me personally would be about the process of a development from start to finish ie first fix, second fix etc and timings/planning of them. Thanks
Glad you liked the video. I am about to start a new project in January and will try and create a series with that in mind. All the best with your project I hope it goes well. The first one is always the toughest
Anishvin Thanks for your reply and feedback Anish it's greatly appreciated. I remember you saying about 20% profit and everything going well I think I'm on track to hit that so the hard works paying off. I look forward to the new series. Thanks again
Keep putting out this quality content! From a fellow property investor
Thanks Sukun. It's nice to hear positive feedback from a fellow investor
This was a really good idea, thanks for sharing
Thank you for your comments.
Please do not hesitate to contact me with your mortgage enquiry.
Akhil Mair
Our Mortgage Broker Ltd
D: 0203 971 1234 | M: 07957 146 343
E: akhil@ourmortgagebroker.co.uk
W: www.ourmortgagebroker.co.uk
Really liked this video, Ahkil explained all topics discussed in a way that was easy to understand. More of this type of video pls👍🏼
Thanks Hadley, more on its way
This was brilliant for people who know nothing about it, but want and most likely will need this info in the future, also for someone who knows some of it even all, but just having a refresher never harms anyone 🤝thank you it served me personally very well 👍 and I'm sure many others 👏👊👌
Thanks for the comment. I'm glad you liked the video and found it useful
Can you still get mortgage in principle were by you get a mortgage without a deposit but you'll be paying higher rates on that mortgage?
Thank you for your comments.
Please do not hesitate to contact me with your mortgage enquiry.
Akhil Mair
Our Mortgage Broker Ltd
D: 0203 971 1234 | M: 07957 146 343
E: akhil@ourmortgagebroker.co.uk
W: www.ourmortgagebroker.co.uk
Its a really useful video, make part 2
Great video, thanks!!
Wow made a comment and now watching this sounds like my thoughts of starting small and buying up north then working my way south is the right plan...
Thank you for your comments.
Buy property anywhere in UK is good idea, you must do the numbers and ensure it cash flows well..
Please do not hesitate to contact me with your mortgage enquiry.
Akhil Mair
Our Mortgage Broker Ltd
D: 0203 971 1234 | M: 07957 146 343
E: akhil@ourmortgagebroker.co.uk
W: www.ourmortgagebroker.co.uk
You’ve mentioned REITs for small-dollar investments (eg $10,000). How does one go about finding and choosing and then placing with REITs? I have a business degree but know little about property development.
really great content , could you do more i really enjoy these type of videos
More is on its way
Very interesting video I’m 21 and trying to invest in a flat
I'm glad you enjoyed it!
Thanks for the video Anish.
Thank you for your comments.
Please do not hesitate to contact me with your mortgage enquiry.
Akhil Mair
Our Mortgage Broker Ltd
D: 0203 971 1234 | M: 07957 146 343
E: akhil@ourmortgagebroker.co.uk
W: www.ourmortgagebroker.co.uk
keep dropping gems
Trying!
Thank you for your comments.
Please do not hesitate to contact me with your mortgage enquiry.
Akhil Mair
Our Mortgage Broker Ltd
D: 0203 971 1234 |
E: akhil@ourmortgagebroker.co.uk
W: www.ourmortgagebroker.co.uk
Anish defo on mummy and daddies wealth life style spending spree
great video just full of information and explained so well .what are you getting from merc 4x4 squared ?
Thanks! Not the 4x4 squared. As much as I love that car and would like it, it is just so impractical lol
Great video as usual Anish👍
Thanks Shoaib
What watch are you wearing???
I believe it’s a hublot don’t know what model though
Hublot Big Bang
Great video thanks Anish
Glad you liked it
Thank you for your comments.
Please do not hesitate to contact me with your mortgage enquiry.
Akhil Mair
Our Mortgage Broker Ltd
D: 0203 971 1234 |
E: akhil@ourmortgagebroker.co.uk
W: www.ourmortgagebroker.co.uk
Thanks for this video mate. More videos on this would be great :)
Glad you enjoyed it
Your story from the begining , what networth are you aiming for .
Very good video bro. thanks
Hi anish on one of your videos you put regarding kitchens as for your property as you did say if anyone was interested to email you? I’m doing one f my properties, and i was looking for a new kitchen, need it to be based in London so they can measure and do the necessary bits? If so can you give an email please to contact you? Thanks.
Hi anish, I'm not sure if you'll even get this but I have a question. How did you start trading at 16? I'm trying to sign up, but they all say I need to be 18 or over, is there anyway you can help me?
Watch my next video on Wednesday I answered this question.
Anishvin Where is the video?
Anishvin bro I need a video like this for trading. Can you make one?
Watch the video coming next week on Trading
Great vid anishvin, can yu do a vid on how to do research on a property, as a beginner who lives with his parents nd they have themselves never bought any other property’s, i really have no clue on how research on a property yur interested in buying is conducted. Thank you so much and carry on with the hardwork!! 💙
Yes I will do some but if you are really interested in starting then would be good to come to a seminar
Anishvin would you be hosting it and dyu when yur next one available is? And thanks for getting back to me :)
Thank you for your comments.
Please do not hesitate to contact me with your mortgage enquiry.
Akhil Mair
Our Mortgage Broker Ltd
D: 0203 971 1234 |
E: akhil@ourmortgagebroker.co.uk
W: www.ourmortgagebroker.co.uk
Question!?If your using your credit card all the time aswell this can actually also have a negative impact on your credit rating regardless if your paying it back in time, as this shows that your relying on your credit card?
No that isn't correct. If you use it and pay it off it shows you have the ability to borrow money and pay it off so to speak. I clear my credit card every month in full so it shows that I can manage my money. It doesn't show I rely on a credit card as every month the full bill is paid. If you don't pay in full (which you should never do) then it shows that you need to rely on a credit card
Anishvin correct. Also it’s fine to have a balance on your credit card. Just remember to keep it below 25% of your limit otherwise it will affect your credit rating. Also pay of more than whatever the minimum payment required is. So if it’s £100 minimum pay off £300 example.
Very informative and well structured content
Thank you sir
Thank you for your comments.
Please do not hesitate to contact me with your mortgage enquiry.
Akhil Mair
Our Mortgage Broker Ltd
D: 0203 971 1234 |
E: akhil@ourmortgagebroker.co.uk
W: www.ourmortgagebroker.co.uk
I just watched this video, great content as usual. You mention to get a credit card to build up credit. I have a poor credit score but managed to get 4 btl mortgage's last year however tried to get a credit card last month but was refused, since then I have got another btl mortgage'. Not sure what's going on there.
Getting credit can potentially help build your credit score, however, i would suggest using the card for items you can afford to pay within the interest-free period.
Are you on the voters roll where you live?
All the best.
Akhil Mair
0203 971 1234
akhil@ourmortgagebroker.co.uk
Love your videos Anish it’s very informative and it inspires me to be a property developer in the future thanks a lot☺️🙏🏼
I'm glad you liked it!
Thank you for your comments.
Please do not hesitate to contact me with your mortgage enquiry.
Akhil Mair
Our Mortgage Broker Ltd
D: 0203 971 1234 |
E: akhil@ourmortgagebroker.co.uk
W: www.ourmortgagebroker.co.uk
Hi Anish! Thankyou to yourself and your friend, I really took a lot of value from this video, I liked the reference to Hull because I'm from Lincolnshire which isn't very far away from there any I've always thought It isn't as easy to make a good amount of money on properties up north, however you've opened my eyes quite a bit with your videos and by suggesting places like hull as good starting points, which after all is the city of culture for this year! Would you agree that there isn't as much money to be made up north or is it just because there are bigger profit margins down south due to properties being more costly and increase in value faster near London? Thanks. Ben Fussey.
I am glad you enjoyed the video. With regards to bigger profit down south, that isn't always the case. If you put in 60k and make 20k profit up north that might be small but its the same as putting in 600k and making 200k in terms of percentage. So essentially because prices are higher the amount of profit is but your percentage return is the same or even higher up north sometimes
Anishvin brilliant explanation! Loving these finance related videos. Keep them coming!!
Akhil Mair was on form in this video. Great broker.
By the way, he has moved from Brooklands and setup on his own. You can now reach him at ourmortgagebroker.co.uk/
Brokers work for the lender and their client the lender will pay the broker a fee for finding a client the client will pay the broker a fee for finding a good deal.
Yes a lot of brokers will get the fee from the lender
This very educational why didn't you just film in a quiet environment
Next time we will
Thank you for your comments.
Please do not hesitate to contact me with your mortgage enquiry.
Akhil Mair
Our Mortgage Broker Ltd
D: 0203 971 1234 | M: 07957 146 343
E: akhil@ourmortgagebroker.co.uk
W: www.ourmortgagebroker.co.uk
Thanks for that mate
No worries 👍🏻
Thank you for your comments.
Please do not hesitate to contact me with your mortgage enquiry.
Akhil Mair
Our Mortgage Broker Ltd
D: 0203 971 1234 | M: 07957 146 343
E: akhil@ourmortgagebroker.co.uk
W: www.ourmortgagebroker.co.uk
Great video
Thanks
What minimum amount do you need too be earning? as I'm an apprentice and want too get into property
General rule of thumb is 4-5x your annual salary so the amount you can lend goes against the amount you earn. No set amount as there is no set amount on how much a particular property is worth. Generally speaking they will analyse your monthly outgoings against your monthly salary to see how you could manage the extra expense of the payback plus bills etc.
It depends on each type of mortgage. Usually minimum 5% for an owner occupied property and at least 15% for a buy to let
Thank you for your comments.
Please do not hesitate to contact me with your mortgage enquiry.
Akhil Mair
Our Mortgage Broker Ltd
D: 0203 971 1234 |
E: akhil@ourmortgagebroker.co.uk
W: www.ourmortgagebroker.co.uk
Great vlog
Thank you for your comments.
Please do not hesitate to contact me with your mortgage enquiry.
Akhil Mair
Our Mortgage Broker Ltd
D: 0203 971 1234 | M: 07957 146 343
E: akhil@ourmortgagebroker.co.uk
W: www.ourmortgagebroker.co.uk
What about VAT? if you go to buying and selling you must register as VAT payer after certain threshold. And you are usually buying from not VAT sellers (rather from private people).
I see huge problem here.
For example if you buy at 40k, fix for 10K, reach value of 65k your profit is 15K. But if you are vat registered, buy for 40K, fix for 10K and want to earn the same 15k you need to sell for 65k + VAT (which is no longer viable sell as it is 65k worth property selling for 65K+ Vat which is 78k or so).
Look up vat rules, no vat on residential properties and optioned on commercial.
Hi Tom, As the comment from Kareem says, there is different rules for commercial and residential. I think you may have your wires crossed there. I talk about it a lot more in the seminar but the VAT does'nt work as you have explained. Don't worry it is a common mistake.
Nice to know. But you must add VAT when you develop properties from scratch though? After you reach minimal requirement threshold for when you must register as VAT payer, right?
Yes but when you sell or buy a residential property you don't pay VAT. On new builds there are, but many have exemptions. When you redevelop you get discounts on vat where it is as small as 5%. There are different factors, I talk about it more in my seminar.
That broker is going to get bombarded! :) Question Anish, what's the best way to manage a B2L? I own a flat in north london but self managing however my wife and I will be buying our second next year. Self managing isn't scalable and i don't see the value in estate agent mngmt fees for what you get in return.
It really is the only two ways to manage unfortunately. You have to find someone you trust or manage it yourself.
Self manage is cheapest method, but depends on location and logistics, engage with a local agent
Thank you for your comments.
Please do not hesitate to contact me with your mortgage enquiry.
Akhil Mair
Our Mortgage Broker Ltd
D: 0203 971 1234 |
E: akhil@ourmortgagebroker.co.uk
W: www.ourmortgagebroker.co.uk
What hoodie is that?
Keep an eye out for @oneoffclo soon
What you know about that Shy Glizzy lol. Thanks for the knowledge
Thank you for your comments.
Please do not hesitate to contact me with your mortgage enquiry.
Akhil Mair
Our Mortgage Broker Ltd
D: 0203 971 1234 | M: 07957 146 343
E: akhil@ourmortgagebroker.co.uk
W: www.ourmortgagebroker.co.uk
Please do more property related videos😭 I love them 😫😫😫
Thanks Bruno, glad you liked them
G wagon or Ml63 coming soon...🤔
It might not be an SUV...
Anishvin then its a S class 😀
Thank you for the content! I´m still waiting for the crypto trading video, when do you plan to make one? because the crypro market is going crazy right now. Greetings from Holland!
Thanks Mike. Watch out for the trading video next week!
Friend of mine has an AMG63 GLS - monster of a car - very nice ...
They are really good cars!
I WANT TO BE ONEOFF
helpful
Thank you for your comments.
Please do not hesitate to contact me with your mortgage enquiry.
Akhil Mair
Our Mortgage Broker Ltd
D: 0203 971 1234 | M: 07957 146 343
E: akhil@ourmortgagebroker.co.uk
W: www.ourmortgagebroker.co.uk
S500 or S550 for sure 😉
All to be revealed soon
hello
Hey Anishvin ⭐✌👍
Thanks!
You're getting a g wagon. lol
Lol all will be revealed soon
bro luts overloaded.
broker is so nervous lol
Nervous?
Thank you for your comments.
Please do not hesitate to contact me with your mortgage enquiry.
Akhil Mair
Our Mortgage Broker Ltd
D: 0203 971 1234 | M: 07957 146 343
E: akhil@ourmortgagebroker.co.uk
W: www.ourmortgagebroker.co.uk
Snooze Fest zzzzzzzzzzzz