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Be aware when buying a property firstly if you are buying in London you are unlikely to find anywhere that would allow £160k to cover the purchase costs and the refurbishment work. If you are using your £160k for the work but planning on using funding to buy the property itself then remember...

We have had several clients purchase property of this value and let it immediately (in one case the tenant remained in situ whilst the property sale went through and thereafter and was even happy to pay a slightly increased rent proposed by the the new owner. The best areas within this price...

You will be unlikely to be able to use the mortgage to purchase, if that is your intention. A standard resi mortgage lender will usually assume/insist that the purchaser immediately occupies the property, it would be a development loan that would be required to perform this type of significant...

I would consult your solicitor. There are many investment companies around that are reputable and this may be one of them but there are as many that are not and essentially they seek to secure the funding they need to make the profit they want and take advantage of people with no experience in...

I am not sure what you mean by you tried to get a buy to let but had to take out a pay day loan? Do you mean the pay day loa prevented you being accepted for the buy to let? Also do you mind me asking where the £100k came from and how long you have had it as it would be a question any lender...

If you are already renting now why not just continue renting as you are but buy a property in the area and let it? if you buy it from day one as a buy to let and let it out you are on the property ladder and if you have a hefty deposit you are also potentially generating a monthly income for...

You will not be able to use a residential owner occupied mortgage to buy a property you intend to let and not reside in yourself. As you are currently not a homeowner the buy to let mortgage options open to you may not compete with the rates and terms you have been offered by halifax but it may...

Market changes are gradual, furthermore prior to starting the project you would obtain local agents estimates on sale price and have them ready to market, they usually already have a list of buyers to approach that are looking for the type of property you are selling. If for any reason sale is...

There are commercial lenders that will lend to you as a private individual and first time landlord, even on a property of this low value. Rates would be circa 5.35% pa they would want rental income to cover the mortgage repayments to 125% and the tenant to be on a formal AST agreement and they...

We have many clients that do very well financially by using bridging facilities to 'flip'. They use their own funds as the deposit, borrow say 65-70% towards the purchase on a short term facility then either borrow additional funds (up to 100% of costs) for the refurb too or use their own funds...

The interest rate certainly won't be high street residential rates but commercial rates are reasonable and i guess it depends what you want to refinance for (ie: why and how much you want to raise). If you want to see what is available it won't cost you anything to have a commercial broker...

If you contact a reputable broker, they will be able to help. Opt for a commercial finance broker not a standard residential mortgage broker. There are lenders that will consider such property in NI and a broker would ensure you have all the options available to you.

Bridging Finance can be an incredibly successful funding tool when understood and used correctly. It allows you to buy property to refurbish, improve or simply enables you to secure a purchase before you have sold your own property (rather than lose the property you want to buy),it also allows...

Many of our clients remortgage regularly. There are various reasons for this and most of them ask us to manage this for them (we are brokers),essentially when redemption periods end on current finance it makes absolute sense to review the portfolio or when fixed term rate periods end or perhaps...

Why are you seeing broker assistance as a last resort? A broker can provide you with options as they know the market and have access to funders that consider all types of scenario many of which are not available to borrower's direct. If the property has not been let due to it not being a...

If you take a bridging loan you are in a much stronger position. You can roll the interest up so no term repayments will be required and then as soon as your property sells repay the loan in full. Some bridging loans have a minimum term requirement but for many that is just one month. By doing...

In case you have not considered all options, with that level of cash available, you could consider using a portion of that money as a deposit on a property rather than purchasing outright. The benefit to doing so is not only you begin to build a credit history with a lender but also now that...

Hi Aaron, why not approach a broker with details of your own position and the property in question and obtain terms of funding for a buy to let, it will not cost you anything to do that and once you have terms you can see what you can raise against it, how much it will cost you a month and you...

Would you not consider contacting a finance broker and asking them to review your entire portfolio? If you provided a reputable broker with a full asset and liability statement and a property schedule detailing every property you own, its current value, outstanding mortgage, monthly repayment...

Development funding is available for up to 100% of the costs and funding can also be achieved for up to 80% towards the site purchase so you can inject some or all of your own funds or you can keep those back to use for new projects and to ensure you have a contingency fund. You could approach...