APG - Want to become one of my investors? Do you have £100K ready to go? fill in your details here: Thanks! Go to www.aspirepropertygroup.co.uk/?UA-camOrganic and fill in your details!
Hi I have a small morgage of £78000 on my property that’s worth £349000 I’m a builder and want to start flipping property to build a portfolio but don’t know where to start as my assets are tied up in my property now! Would like to possibly release the equity to fund the flippers. Is this possible? Many Thanks
Need to rewatch this a couple of more times. With paper and pen. Have purchased a property and am looking to refinance at some stage. Soi may be intouch . Thanks for the information
Thanks! Would be great to work together! Head over to www.aspirepropertygroup.co.uk/?UA-camOrganic and fill in your details, and a member of my team will be in touch! 😊
Would have been good to hear about other options to refinance rather than full remortgage - such as further advance, second charge etc. As some investors may be in 5 year fixed mortgages and have good rates secured
I am really struggling to see the value of this in 2024. I am a newbie to btl with about 300k in my house. It just feels like after interest, fees, tax and the mortgage repayment curve there's little to no money in it.
Getting a Second mortgage on a BTL property (from the same lender) is a better way of refinancing long term fixed mortgages as early repayment stair-casing is costly! Mine run side by side in one payment. Much easier
APG. Thinking of buying a holiday cottage BTL. Have enough equity in current house, do I re finance my current house or just go for a holiday let 2nd mortgage. 1st timer so very new to this and the pitfalls / benefits of getting it right.
Thanks! Would be great to work together! Head over to www.aspirepropertygroup.co.uk/?UA-camOrganic and fill in your details, and a member of my team will be in touch! 😊
What banks allow your use the money for btl? As Nationwide state “Information: You can’t borrow more to raise money for a business or to buy land or a property that you wish to let out.”
Hello.I have a house which the value is £150k(£85k mortgage) and some savings.what can I do to buy a second studio flat to rent?thanks a lot for your help
Great video, thank you Jamie. Down to earth and solid content! A few questions if that's okay: 1. When you come to refinance your property, how is the new value of the property derived? Do you have to pay for this and if so what's an average cost to do so? 2. When remortgaging, either to refinance or simply get a new mortgage, do you always want to prioritise the lowest monthly cost? Even if that means having a large product fee or legal fees? And is it always best to also have the product (mortgage) fee added to your mortgage in a BTL strategy? Thanks again :)
I have one property that I bought 6 years ago for 140k your standard boring vanilla btl as you call them😁 I went to my financial advisor a year ago as I wanted to refinance and draw money out to buy a new property he advised against it then I went to a second one I asked the same thing and he said "have you renovated or done any changes to the property?" I said no and he said no point, it wouldn't have gone up in value went back to my usual advisor he literally got a new mortgage for 180k my payments were a lot less with the equity staying in but why don't most financial advisors like to refinance the property unless you've done a renovation where does the appreciation in value go over the years?
I would expect an external house valuation, equity input and income details give the borrowing potential to do it again would be enough information to provide an expert? You can get LTV loans on multiple properties but I would assume you've done the hardest part already
@Mrtonight1000 to do what? If you reinvest in a buy to let the equity itself would be safe it's just not in one property, if your planning to spend it on vehicles and vacations then it's not a good idea, a better one would be to downsize if you need cash, if its urgent then you would get better deals from your bank taking a loan against your house rather than remortgaging
Hi,Jamie I am really interested in buying a second home. This is a very helpful video. I have one question for you. Do you do free consultation over the phone? Thanks Geetha
Great video, thank you. If I was going to port a mortgage that is half way through a fixed, because low interest rate, can I draw out at time of port so I can keep 1st house and get rental mortgage instead? Or can I not draw out during fixed and forced to sell? First house being my current residence, second home being new residence with the attempt to confirm 1st to rental
I own my property and want to buy a new property to live in but would like to keep this one to rent out would I need to save up a deposit for my new home
Yes you can do this. Get a small mortgage on your current house to release enough funds for your deposit and purchase costs on the new house. When you get the second mortgage for the new house they'll factor the rental income into your affordability criteria
I'm currently in the same position. I've applied for a "let to buy" mortgage on my current property to buy a smaller flat outright to live in. I will let out my current property. I don't need 2 mortgages, or any deposit. The current flat currently has no mortgage so I'm putting one on it with an LTV of 57% as the new flat is much smaller and cheaper
I'm currently 1 year into a 2-year fixed but have the option to borrow extra on my current deal. Would you use the cash you free up to cover your higher mortgage costs until you secure your first property and start getting rental income?
Thanks! Would be great to work together! Head over to www.aspirepropertygroup.co.uk/?UA-camOrganic and fill in your details, and a member of my team will be in touch! 😊
Still not grasping this concept, my Mom owns her home fully, no mortgage. So if she were to do an equity release why would we need to pay this back. Why are we borrowing are own money ?
Equity release as discussed in this video is for the purpose of buying a second property. So if ur mum is releasing equity she can only do it by taking out a mortgage which of course has to be paid back over a number of years. But I suspect what ur talking about is equity release which older people do where a company buys the property from them and allows them to live in it until they pass.
@@marissakeynes2532 so the house would pay the debt and be worthless at the point of sale. I wouldn’t mind that at all since I know what to do with the money. I was reading up lifetime mortgages
Thanks! Would be great to work together! Head over to www.aspirepropertygroup.co.uk/?UA-camOrganic and fill in your details, and a member of my team will be in touch! 😊
Can anyone recommend the best banks to deal with this sort of thing. House is fully paid for worth about 160k. We want buy a flat now for retirement in 10 years. Daughter will live in it for about 5 as we declutter and downsize. Im guessng high st banks are not good?
Hi, another great video! Two questions: (1) do you have to tell the finance company what you’re going to do with the capital following the remortgage? And if so, is it OK to say it’s going towards paying for another property? (2) if I buy a buy-to-let tomorrow and remortgage it several times over the next 20 years, when I sell it would I have to pay capital gains tax? Also would this be based on the capital made between 2023 and 2043, or just the capital made between “year of new mortgage” and 2043? Thanks!!
I have refinanced before and there is a section of the form which asks why you’re borrowing more. I just said it was to purchase another BTL property and it all went through without a hitch! They never checked whether I actually did or not! Friends of mine did the same - refinanced and intended to buy another property, but then the crazy house price frenzy happened post-covid-19 so instead they put the money towards paying off their home!
Just watched your video, great content. This might sound like a very silly question, but if I refinance on my property could I then use that money to overpay on the same property if so are there any benefits to this?
I remortgaged back in 2007...the first year it gained 10% in value then came the crash in 2008 It's only just achieving its 2007 price now...I was in negative equity for 15 years. Beware!
Any creative ideas mate how to remortgage your own residential home when your self employed and your income looks to be to low to take on the extra dept ? As you know got 200k sitting in there I wanna access and struggling. Only thing I can think of is selling and not sure the mrs would ho for this
Thanks! Would be great to work together! Head over to www.aspirepropertygroup.co.uk/?UA-camOrganic and fill in your details, and a member of my team will be in touch! 😊
Bought the property 5 years before @ 400k. Remaining mortgage is 290k. Fixed Interest rate coming to end after 6 months. Had some extension and renovation as per council permission. Property value is now 520K. If I want to remortgage for second property (buy to let) and everything is in place. How much equity I can release from the existing property?? Just a rough figure.. And most important question,is it true that to go for second property I should have 25% of the Value of second property (saving) into my account and SDLT as well. I mean if go for second property worth 400k I must have 100k Cash in my pocket for the deposit???(25% of 400k and SDLT) Please reply
Hi Jamie. I have got this property with recently having renewed my mortgage which is going to end in 2025. Rather than remortgaging which I can’t do until 2025 , do you reckon one can try getting loan against equity in the property and invest that in another property ? Thanks
I was under the impression that remortaging, to borrow more for a 2nd property wasnt an option Last time i looked i was told i cant borrow more on my more to go towards another property. Is this incorrect?
Depends on the volume of money you can release and what you do with it! an extra £200pcm to get another property which generates £250pcm + capital growth is a win!
So its better to remortgage instead of opening a new mortgage on another property because you WOULD tax on a new mortgage but not a remortgage? Or if you don't pay taxes on both then what would be the benefit of a remortgage? @JamieYork
@@milkyporridge5929 if it's a Primary residence there shouldn't be CGT. I think for the OP it would mean selling to the company at market rate, paying off the owner mortgage and the company having the new mortgage. To continue living in the property would be a benefit in kind and taxable accordingly.
Bro , please answer my question. I ve been searching on Google and is true you can't get equity release from your home untill you are 55?? Equity release only if you over 55???? This is bullshit if is true
I have a 430k BTL with 110k mortgage. I can only refinance and get an extra 50k out as equity because of the mortgage stress test on the rental income. Is there a way to avoid this stress test?
You using a high street bank directly? Barclays "stress test" told me i could only get £285,000 on my remortgage, and i would have to stump up cash to pay the deficit from my current mortgage......which is with them 🤣 Went to a broker and ended up with £50,000 equity in my bank and a new mortgage that is still more than affordable. shop around!
Thanks! Would be great to work together! Head over to www.aspirepropertygroup.co.uk/? and fill in your details, and a member of my team will be in touch! 😊
Thanks! Would be great to work together! Head over to www.aspirepropertygroup.co.uk/? and fill in your details, and a member of my team will be in touch! 😊
Thanks! Would be great to work together! Head over to www.aspirepropertygroup.co.uk/? and fill in your details, and a member of my team will be in touch! 😊
Thanks! Would be great to work together! Head over to www.aspirepropertygroup.co.uk/? and fill in your details, and a member of my team will be in touch! 😊
Thanks! Would be great to work together! Head over to www.aspirepropertygroup.co.uk/? and fill in your details, and a member of my team will be in touch! 😊
Thanks! Would be great to work together! Head over to www.aspirepropertygroup.co.uk/?UA-camOrganic and fill in your details, and a member of my team will be in touch! 😊
Thanks! Would be great to work together! Head over to www.aspirepropertygroup.co.uk/? and fill in your details, and a member of my team will be in touch! 😊
Thanks! Would be great to work together! Head over to www.aspirepropertygroup.co.uk/?UA-camOrganic and fill in your details, and a member of my team will be in touch! 😊
Thanks! Would be great to work together! Head over to www.aspirepropertygroup.co.uk/? and fill in your details, and a member of my team will be in touch! 😊
Thanks! Would be great to work together! Head over to www.aspirepropertygroup.co.uk/?UA-camOrganic and fill in your details, and a member of my team will be in touch! 😊
Thanks! Would be great to work together! Head over to www.aspirepropertygroup.co.uk/? and fill in your details, and a member of my team will be in touch! 😊
Thanks! Would be great to work together! Head over to www.aspirepropertygroup.co.uk/?UA-camOrganic and fill in your details, and a member of my team will be in touch! 😊
Thanks! Would be great to work together! Head over to www.aspirepropertygroup.co.uk/? and fill in your details, and a member of my team will be in touch! 😊
Thanks! Would be great to work together! Head over to www.aspirepropertygroup.co.uk/?UA-camOrganic and fill in your details, and a member of my team will be in touch! 😊
Thanks! Would be great to work together! Head over to www.aspirepropertygroup.co.uk/?UA-camOrganic and fill in your details, and a member of my team will be in touch! 😊
Thanks! Would be great to work together! Head over to www.aspirepropertygroup.co.uk/? and fill in your details, and a member of my team will be in touch! 😊
Thanks! Would be great to work together! Head over to www.aspirepropertygroup.co.uk/?UA-camOrganic and fill in your details, and a member of my team will be in touch! 😊
Thanks! Would be great to work together! Head over to www.aspirepropertygroup.co.uk/? and fill in your details, and a member of my team will be in touch! 😊
Thanks! Would be great to work together! Head over to www.aspirepropertygroup.co.uk/?UA-camOrganic and fill in your details, and a member of my team will be in touch! 😊
Thanks! Would be great to work together! Head over to www.aspirepropertygroup.co.uk/? and fill in your details, and a member of my team will be in touch! 😊
Thanks! Would be great to work together! Head over to www.aspirepropertygroup.co.uk/? and fill in your details, and a member of my team will be in touch! 😊
Thanks! Would be great to work together! Head over to www.aspirepropertygroup.co.uk/?UA-camOrganic and fill in your details, and a member of my team will be in touch! 😊
Thanks! Would be great to work together! Head over to www.aspirepropertygroup.co.uk/? and fill in your details, and a member of my team will be in touch! 😊
Thanks! Would be great to work together! Head over to www.aspirepropertygroup.co.uk/? and fill in your details, and a member of my team will be in touch! 😊
Thanks! Would be great to work together! Head over to www.aspirepropertygroup.co.uk/? and fill in your details, and a member of my team will be in touch! 😊
Thanks! Would be great to work together! Head over to www.aspirepropertygroup.co.uk/? and fill in your details, and a member of my team will be in touch! 😊
Thanks! Would be great to work together! Head over to www.aspirepropertygroup.co.uk/? and fill in your details, and a member of my team will be in touch! 😊
Thanks! Would be great to work together! Head over to www.aspirepropertygroup.co.uk/? and fill in your details, and a member of my team will be in touch! 😊
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Thanks! Would be great to work together! Head over to www.aspirepropertygroup.co.uk/?UA-camOrganic and fill in your details, and a member of my team will be in touch! 😊
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APG - Want to become one of my investors? Do you have £100K ready to go? fill in your details here: Thanks! Go to www.aspirepropertygroup.co.uk/?UA-camOrganic and fill in your details!
APG
Hi I have a small morgage of £78000 on my property that’s worth £349000
I’m a builder and want to start flipping property to build a portfolio but don’t know where to start as my assets are tied up in my property now! Would like to possibly release the equity to fund the flippers. Is this possible?
Many Thanks
Request for a Solicitor on the Lenders Panel, that was Gold ✨
Never heard that top tip before 🔥
Need to rewatch this a couple of more times. With paper and pen. Have purchased a property and am looking to refinance at some stage. Soi may be intouch . Thanks for the information
You've go tthis!
First time viewer! Helpful this is. Subscribed!
Welcome to the channel! Glad the content is helping!
Recently found this guy and he is solid! Great vids, detailed break down, good stuff. I’m subbed
Ah thanks man. Appreciate this
@@JamieYorkyour too good explaining ! Thanks need to watch this with pen and papers educating myself !
All depends on your existing lender - a decent broker can help get this done. Watch out for fees and interest rates differing.
Exactly!
APG first time viewer looking for some advice…thanks for the video it was enjoyable 👏🏻👏🏻👏🏻
Thanks! Would be great to work together! Head over to www.aspirepropertygroup.co.uk/?UA-camOrganic and fill in your details, and a member of my team will be in touch! 😊
Yes Jamie. We’re reading of the same hymn sheet. I’ll be in contact with you soon Mucka😉
LFG!
Would have been good to hear about other options to refinance rather than full remortgage - such as further advance, second charge etc.
As some investors may be in 5 year fixed mortgages and have good rates secured
I am really struggling to see the value of this in 2024. I am a newbie to btl with about 300k in my house. It just feels like after interest, fees, tax and the mortgage repayment curve there's little to no money in it.
I have never considered the tax ‘advantage’ of a re-finance, another finance/wealth gem from JY for free 🤯✅👍
You're welcome sir!
I asked you a question and u responded straight away, you are worth your weight in gold 🥇
Ah thanks bud. I do my best
Getting a Second mortgage on a BTL property (from the same lender) is a better way of refinancing long term fixed mortgages as early repayment stair-casing is costly!
Mine run side by side in one payment. Much easier
Always such clear information Jamie .!! Really helps bavigating options .!!! Cheers. 🙌🤩
Glad you think so! Thanks for watching!
This is my next step I'm going to start this week 😊 I am nervous😅
You got this! Good luck! Look forward to hearing about your journey!
Starting to re Mortage my existing property now. Would be a good idea to know what sort of fees and expected lout pay comes with this.
Excellent vlog. Very informative. Thank you for sharing.
Love it. Well explained and great vibe. Might get in contact soon :)
I’ll be waiting
APG. Thinking of buying a holiday cottage BTL. Have enough equity in current house, do I re finance my current house or just go for a holiday let 2nd mortgage. 1st timer so very new to this and the pitfalls / benefits of getting it right.
Thanks! Would be great to work together! Head over to www.aspirepropertygroup.co.uk/?UA-camOrganic and fill in your details, and a member of my team will be in touch! 😊
What banks allow your use the money for btl?
As Nationwide state “Information: You can’t borrow more to raise money for a business or to buy land or a property that you wish to let out.”
Just discovered that Nationwide caveat today 😞
Thank you for another great video!
Thanks for watching!
Hello.I have a house which the value is £150k(£85k mortgage) and some savings.what can I do to buy a second studio flat to rent?thanks a lot for your help
Great video, thank you Jamie. Down to earth and solid content! A few questions if that's okay:
1. When you come to refinance your property, how is the new value of the property derived? Do you have to pay for this and if so what's an average cost to do so?
2. When remortgaging, either to refinance or simply get a new mortgage, do you always want to prioritise the lowest monthly cost? Even if that means having a large product fee or legal fees? And is it always best to also have the product (mortgage) fee added to your mortgage in a BTL strategy?
Thanks again :)
Thanks so much. Really useful information here.
I have one property that I bought 6 years ago for 140k your standard boring vanilla btl as you call them😁 I went to my financial advisor a year ago as I wanted to refinance and draw money out to buy a new property he advised against it then I went to a second one I asked the same thing and he said "have you renovated or done any changes to the property?" I said no and he said no point, it wouldn't have gone up in value went back to my usual advisor he literally got a new mortgage for 180k my payments were a lot less with the equity staying in but why don't most financial advisors like to refinance the property unless you've done a renovation where does the appreciation in value go over the years?
Eva use lost are not educated particularly well in property investments
I would expect an external house valuation, equity input and income details give the borrowing potential to do it again would be enough information to provide an expert?
You can get LTV loans on multiple properties but I would assume you've done the hardest part already
I have a property that is payed for in full and I want to remortgage it
@Mrtonight1000 to do what? If you reinvest in a buy to let the equity itself would be safe it's just not in one property, if your planning to spend it on vehicles and vacations then it's not a good idea, a better one would be to downsize if you need cash, if its urgent then you would get better deals from your bank taking a loan against your house rather than remortgaging
Hi,Jamie
I am really interested in buying a second home. This is a very helpful video. I have one question for you. Do you do free consultation over the phone? Thanks
Geetha
Great video, thank you. If I was going to port a mortgage that is half way through a fixed, because low interest rate, can I draw out at time of port so I can keep 1st house and get rental mortgage instead? Or can I not draw out during fixed and forced to sell?
First house being my current residence, second home being new residence with the attempt to confirm 1st to rental
I am currently in this same situation and need the same advice. Need to port my 2.35% mortgage to a 2 bedroom so I can rent my 3-4 bedroom.
I own my property and want to buy a new property to live in but would like to keep this one to rent out would I need to save up a deposit for my new home
Any idea if this is possible?
Yes you can do this. Get a small mortgage on your current house to release enough funds for your deposit and purchase costs on the new house. When you get the second mortgage for the new house they'll factor the rental income into your affordability criteria
I'm currently in the same position. I've applied for a "let to buy" mortgage on my current property to buy a smaller flat outright to live in. I will let out my current property. I don't need 2 mortgages, or any deposit. The current flat currently has no mortgage so I'm putting one on it with an LTV of 57% as the new flat is much smaller and cheaper
@@thescottishcriminologist8954 is there specialised mortgages providers who offer this?
I'm currently 1 year into a 2-year fixed but have the option to borrow extra on my current deal. Would you use the cash you free up to cover your higher mortgage costs until you secure your first property and start getting rental income?
As long as you don't put yourself into negative equity :)
What do you mean by buildong a portfolio ? Buying the poroperties on a ltd company? Can you define and how to build a property portfolio ?
Building a portfolio just means having multiple properties. Essentially becoming a professional property investor
What if you don’t have a mortgage? How would you take out equity
You need to get one?
@ what I mean is what if I have bought my house fully in cash - do I need a mortgage to take out equity
This guy is funny, hi didn't say only one important think.. You need goood wages to get this money/equity out from your existing property.
Not always :)
APG
I could not see your form other than download guide
Thanks! Would be great to work together! Head over to www.aspirepropertygroup.co.uk/?UA-camOrganic and fill in your details, and a member of my team will be in touch! 😊
Still not grasping this concept, my Mom owns her home fully, no mortgage. So if she were to do an equity release why would we need to pay this back.
Why are we borrowing are own money ?
Equity release as discussed in this video is for the purpose of buying a second property. So if ur mum is releasing equity she can only do it by taking out a mortgage which of course has to be paid back over a number of years. But I suspect what ur talking about is equity release which older people do where a company buys the property from them and allows them to live in it until they pass.
@@marissakeynes2532 so the house would pay the debt and be worthless at the point of sale. I wouldn’t mind that at all since I know what to do with the money. I was reading up lifetime mortgages
@@Tyyyyyyyz Do ur research but I think those companies take advantage of elderly people and offer them less than what the property is worth.
If you remortgage your own home. To purchase a buy to let. Is there anyway you can claim back the mortgage payments on your tax form.
In a limited company yes :)
How do you take the money out if it's a ltd company
APG...i have my own property paid off approx 250k and have around 90k in bank..looking to invest in property
Thanks! Would be great to work together! Head over to www.aspirepropertygroup.co.uk/?UA-camOrganic and fill in your details, and a member of my team will be in touch! 😊
Can anyone recommend the best banks to deal with this sort of thing. House is fully paid for worth about 160k. We want buy a flat now for retirement in 10 years. Daughter will live in it for about 5 as we declutter and downsize. Im guessng high st banks are not good?
Hi, another great video! Two questions: (1) do you have to tell the finance company what you’re going to do with the capital following the remortgage? And if so, is it OK to say it’s going towards paying for another property? (2) if I buy a buy-to-let tomorrow and remortgage it several times over the next 20 years, when I sell it would I have to pay capital gains tax? Also would this be based on the capital made between 2023 and 2043, or just the capital made between “year of new mortgage” and 2043? Thanks!!
CGT on your profit ei. The difference between sell price and purchase price 20 years ago
They don't care, you could buy a ferrari. They only care they have your property as collateral and you can afford the payments.
I have refinanced before and there is a section of the form which asks why you’re borrowing more. I just said it was to purchase another BTL property and it all went through without a hitch! They never checked whether I actually did or not! Friends of mine did the same - refinanced and intended to buy another property, but then the crazy house price frenzy happened post-covid-19 so instead they put the money towards paying off their home!
You pay Capital Gains Tax on the total profit you make on properties that are not your main residence.
If the property is rented out with good rental income, does it need the landlord himself having a personal job income to approve a Btl mortgage?
Just watched your video, great content. This might sound like a very silly question, but if I refinance on my property could I then use that money to overpay on the same property if so are there any benefits to this?
I remortgaged back in 2007...the first year it gained 10% in value then came the crash in 2008
It's only just achieving its 2007 price now...I was in negative equity for 15 years.
Beware!
Where did you buy out of interest? Was it new build or existing?
@@JamieYork Irvine in Ayrshire...the Detroit of the UK
Existing..ex council
I would like to have some training
Any creative ideas mate how to remortgage your own residential home when your self employed and your income looks to be to low to take on the extra dept ? As you know got 200k sitting in there I wanna access and struggling. Only thing I can think of is selling and not sure the mrs would ho for this
Maybe you could rent one of the rooms out?
Can you refinance on your property which still has unpaid help to buy debt on it?
100%. You’ll need to pay that down if course
Hi can you recommend a broker to help with buy to let please.
APG want to start BTL portfolio
Thanks! Would be great to work together! Head over to www.aspirepropertygroup.co.uk/?UA-camOrganic and fill in your details, and a member of my team will be in touch! 😊
Bought the property 5 years before @ 400k.
Remaining mortgage is 290k. Fixed Interest rate coming to end after 6 months. Had some extension and renovation as per council permission. Property value is now 520K.
If I want to remortgage for second
property (buy to let) and everything is in place. How much equity I can release from the existing property??
Just a rough figure..
And most important question,is it true that to go for second property I should have 25% of the Value of second property (saving) into my account and SDLT as well.
I mean if go for second property worth 400k
I must have 100k Cash in my pocket for the deposit???(25% of 400k and SDLT)
Please reply
Hi Jamie. I have got this property with recently having renewed my mortgage which is going to end in 2025. Rather than remortgaging which I can’t do until 2025 , do you reckon one can try getting loan against equity in the property and invest that in another property ? Thanks
I was under the impression that remortaging, to borrow more for a 2nd property wasnt an option
Last time i looked i was told i cant borrow more on my more to go towards another property.
Is this incorrect?
Depends on the lender but most don’t have an opinion on what you do
How much of an issue is it if I have 4 years left in a deal?
Im still confused about remortgage process 😢 I just cannot understand it.. Watched so many videos 😢😢
I’ll do a really simple one on my instagram for you :)
@@JamieYork appreciate it 🙏😊
If i buy a house with 20% down payment and then can i get a loan against the same financed property? As (Loan against property)?
If I were to remortgage to release cash, my monthly mortgage payments will increase. Is that not counterproductive ?
Depends on the volume of money you can release and what you do with it! an extra £200pcm to get another property which generates £250pcm + capital growth is a win!
So its better to remortgage instead of opening a new mortgage on another property because you WOULD tax on a new mortgage but not a remortgage?
Or if you don't pay taxes on both then what would be the benefit of a remortgage?
@JamieYork
Can you get a BTL mortgage for your company to buy your residential home in your name even if there is a residential mortgage on it already?
Doubt it, otherwise you would rent it to yourself and claim it down on your income tax
You need to transfer it which may mean capital gains tax
@@milkyporridge5929 if it's a Primary residence there shouldn't be CGT. I think for the OP it would mean selling to the company at market rate, paying off the owner mortgage and the company having the new mortgage. To continue living in the property would be a benefit in kind and taxable accordingly.
What happens if the property is within a ltd company, can i get the money into my account tax free?
Hi. are you still doing this? the website isnt working.
So you pay £50k mortgage, plus the 5% of £2,500 per year?
Bro , please answer my question.
I ve been searching on Google and is true you can't get equity release from your home untill you are 55??
Equity release only if you over 55????
This is bullshit if is true
Rubbish mate. You can do it at any age over 18
Jamie Jamie I’ve lose out been doing this property business all wrong I’m gonna refinance all my mortgage free properties and buy more 😊
How long does it take to get equity out end to end roughly?
2-3 months
Apt very inspiring
APG did you mean?
I have a 430k BTL with 110k mortgage. I can only refinance and get an extra 50k out as equity because of the mortgage stress test on the rental income. Is there a way to avoid this stress test?
You using a high street bank directly? Barclays "stress test" told me i could only get £285,000 on my remortgage, and i would have to stump up cash to pay the deficit from my current mortgage......which is with them 🤣 Went to a broker and ended up with £50,000 equity in my bank and a new mortgage that is still more than affordable. shop around!
APG
Thanks! Would be great to work together! Head over to www.aspirepropertygroup.co.uk/? and fill in your details, and a member of my team will be in touch! 😊
Is this similar to a HELOC? Heard that’s much better than re mortgaging?
Apg
Thanks! Would be great to work together! Head over to www.aspirepropertygroup.co.uk/? and fill in your details, and a member of my team will be in touch! 😊
💪🏾
ab gujrat sarkar per case chalega??
This guy works for the banks. Do not listen to this advice
No he doesn’t!!
APG
Thanks! Would be great to work together! Head over to www.aspirepropertygroup.co.uk/? and fill in your details, and a member of my team will be in touch! 😊
apg
Thanks! Would be great to work together! Head over to www.aspirepropertygroup.co.uk/? and fill in your details, and a member of my team will be in touch! 😊
APG
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@@JamieYork all now done and filled in 👍
Apg
Thanks! Would be great to work together! Head over to www.aspirepropertygroup.co.uk/?UA-camOrganic and fill in your details, and a member of my team will be in touch! 😊
APG
Thanks! Would be great to work together! Head over to www.aspirepropertygroup.co.uk/? and fill in your details, and a member of my team will be in touch! 😊
Apg
Thanks! Would be great to work together! Head over to www.aspirepropertygroup.co.uk/?UA-camOrganic and fill in your details, and a member of my team will be in touch! 😊
APG
Thanks! Would be great to work together! Head over to www.aspirepropertygroup.co.uk/? and fill in your details, and a member of my team will be in touch! 😊
Apg
Thanks! Would be great to work together! Head over to www.aspirepropertygroup.co.uk/?UA-camOrganic and fill in your details, and a member of my team will be in touch! 😊
APG
Thanks! Would be great to work together! Head over to www.aspirepropertygroup.co.uk/? and fill in your details, and a member of my team will be in touch! 😊
Apg
Thanks! Would be great to work together! Head over to www.aspirepropertygroup.co.uk/?UA-camOrganic and fill in your details, and a member of my team will be in touch! 😊
APG
Thanks! Would be great to work together! Head over to www.aspirepropertygroup.co.uk/? and fill in your details, and a member of my team will be in touch! 😊
Apg
Thanks! Would be great to work together! Head over to www.aspirepropertygroup.co.uk/?UA-camOrganic and fill in your details, and a member of my team will be in touch! 😊
Apg
Thanks! Would be great to work together! Head over to www.aspirepropertygroup.co.uk/?UA-camOrganic and fill in your details, and a member of my team will be in touch! 😊
APG
Thanks! Would be great to work together! Head over to www.aspirepropertygroup.co.uk/? and fill in your details, and a member of my team will be in touch! 😊
Apg
Thanks! Would be great to work together! Head over to www.aspirepropertygroup.co.uk/?UA-camOrganic and fill in your details, and a member of my team will be in touch! 😊
APG
Thanks! Would be great to work together! Head over to www.aspirepropertygroup.co.uk/? and fill in your details, and a member of my team will be in touch! 😊
Apg
Thanks! Would be great to work together! Head over to www.aspirepropertygroup.co.uk/?UA-camOrganic and fill in your details, and a member of my team will be in touch! 😊
APG
Thanks! Would be great to work together! Head over to www.aspirepropertygroup.co.uk/? and fill in your details, and a member of my team will be in touch! 😊
APG
Thanks! Would be great to work together! Head over to www.aspirepropertygroup.co.uk/? and fill in your details, and a member of my team will be in touch! 😊
Apg
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APG
Thanks! Would be great to work together! Head over to www.aspirepropertygroup.co.uk/? and fill in your details, and a member of my team will be in touch! 😊
APG
Thanks! Would be great to work together! Head over to www.aspirepropertygroup.co.uk/? and fill in your details, and a member of my team will be in touch! 😊
APG
Thanks! Would be great to work together! Head over to www.aspirepropertygroup.co.uk/? and fill in your details, and a member of my team will be in touch! 😊
APG
Thanks! Would be great to work together! Head over to www.aspirepropertygroup.co.uk/? and fill in your details, and a member of my team will be in touch! 😊
APG
Thanks! Would be great to work together! Head over to www.aspirepropertygroup.co.uk/? and fill in your details, and a member of my team will be in touch! 😊
APG
Thanks! Would be great to work together! Head over to www.aspirepropertygroup.co.uk/? and fill in your details, and a member of my team will be in touch! 😊
APG
Thanks! Would be great to work together! Head over to www.aspirepropertygroup.co.uk/?UA-camOrganic and fill in your details, and a member of my team will be in touch! 😊
APG
Thanks! Would be great to work together! Head over to www.aspirepropertygroup.co.uk/?UA-camOrganic and fill in your details, and a member of my team will be in touch! 😊
APG
Thanks! Would be great to work together! Head over to www.aspirepropertygroup.co.uk/?UA-camOrganic and fill in your details, and a member of my team will be in touch! 😊
APG
Thanks! Would be great to work together! Head over to www.aspirepropertygroup.co.uk/?UA-camOrganic and fill in your details, and a member of my team will be in touch! 😊
APG
Thanks! Would be great to work together! Head over to www.aspirepropertygroup.co.uk/?UA-camOrganic and fill in your details, and a member of my team will be in touch! 😊