Firstly! I would like to say I have literally just come across your channel and I am very impressed with the video's I have seen so far. They are so well planned and the content is excellent.
Thank you for this. Currently living in my first project and saving to get the work done. I have a normal mortgage on it right now and one of my options when the work is done is to refinance it with a 75% interest only BTL mortgage. From my research I haven't found anything that would stop me from doing this so I was wondering if you guys might be able to tell me if that is possible? A 75% mortgage will be enough to repay my current mortgage as well as give me around £37,000-£40,000 to do another flip. I will then let this one and find myself a flat or small 2 bed to rent for myself. Your videos, website and book are extremely useful to me so any advice you guys can give I am very grateful for.
Hi guys, great content! How do I access the university courses, I am already a member but when I click on start course it just takes me to a page showing what Ill learn on the course with no further links to open??!?
Hi there👋 I'm just wondering if I definitely can't flip with a mortgage? I haven't moved out yet, so if I was to get a standard residential mortgage, and the property needed renovation, could I renovate it and wait a few months before I decide to sell? Thanks in advance
I'm still living at home, and this area of work interests me greatly. I've also heard that you can't get a BTL mortgage for your first mortgage, so I'm really struggling as to how I can get into the property game. If anyone has any suggestions for a beginner I'd appreciate your help. Thanks again for the informative video!
Strictly speaking, if your intention is to flip the property from day one, then you probably shouldn't get a mortgage because they are seen as long-term finance products. However, in your case if it is your first home, you should certainly be speaking to a good mortgage broker to explain the situation and see what options are available. As long as the property is habitable (ie. has a working kitchen and bathroom, running water etc regardless of condition) then you could potentially get a mortgage on it so there may be some options there for you. It's also not necessarily the case that you can't get a BTL mortgage for your first mortgage, you just might find that there are more limited options, or slightly higher rates as a first time buyer/first time landlord.
![АЛАУДИНОВ у Скабеевой: эти их ВСУ нас НЕ ДОГОНЯТ 😁 [Пародия]](http://i.ytimg.com/vi/an0anqU4WGQ/mqdefault.jpg)
Firstly! I would like to say I have literally just come across your channel and I am very impressed with the video's I have seen so far. They are so well planned and the content is excellent.
Thank you so much for the amazing feedback!
Thank you for this. Currently living in my first project and saving to get the work done. I have a normal mortgage on it right now and one of my options when the work is done is to refinance it with a 75% interest only BTL mortgage. From my research I haven't found anything that would stop me from doing this so I was wondering if you guys might be able to tell me if that is possible? A 75% mortgage will be enough to repay my current mortgage as well as give me around £37,000-£40,000 to do another flip. I will then let this one and find myself a flat or small 2 bed to rent for myself.
Your videos, website and book are extremely useful to me so any advice you guys can give I am very grateful for.
Fantastic video! Thank you guys ! keep up the good work
Why didn't you mention the capital gains tax on the property example? £26k profit ... was before taxes.
Not many videos out there which talk about ways to finance, Thankyou Rob X 2
Thanks Farooq!
Great tips guys 👏
Glad it was helpful!
Hi guys, great content! How do I access the university courses, I am already a member but when I click on start course it just takes me to a page showing what Ill learn on the course with no further links to open??!?
Hey James, we had a bit of a glitch on the site but that should be fixed now. Give it another go and let us know how you get on 👍🏻
Hi there👋 I'm just wondering if I definitely can't flip with a mortgage? I haven't moved out yet, so if I was to get a standard residential mortgage, and the property needed renovation, could I renovate it and wait a few months before I decide to sell? Thanks in advance
I'm still living at home, and this area of work interests me greatly. I've also heard that you can't get a BTL mortgage for your first mortgage, so I'm really struggling as to how I can get into the property game. If anyone has any suggestions for a beginner I'd appreciate your help. Thanks again for the informative video!
Strictly speaking, if your intention is to flip the property from day one, then you probably shouldn't get a mortgage because they are seen as long-term finance products. However, in your case if it is your first home, you should certainly be speaking to a good mortgage broker to explain the situation and see what options are available. As long as the property is habitable (ie. has a working kitchen and bathroom, running water etc regardless of condition) then you could potentially get a mortgage on it so there may be some options there for you.
It's also not necessarily the case that you can't get a BTL mortgage for your first mortgage, you just might find that there are more limited options, or slightly higher rates as a first time buyer/first time landlord.
The problem I face is I have not bought the property yet and the trades people want to see it?