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Buy to Let Advice Needed

T

toltec

New Member
Could anyone tell me what the optimum LTV for a house I let to be?

I could cash buy the house outright, then get 100% of the rent but then be dependent on house prices rising to make any money.

Or would getting a mortgage with with a 25% to 90% LTV and let the tenants pay off my mortgage be better.

What is the optimum percentage top own?

Also as a 2nd thought, would getting 2 properties with 50% LTVs be better than owning 100% of one?

Cheers
 
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D

DokottoYumey

New Member
Ok, thanks for the reasoning, I'll think about it...
 
I

INEEDADVICE

New Member
There are many options to consider. You can get a BTL mortgage up to 80%, or you can use an additional security such as your home or another BTL you may have. You can get mortgage advice from ineedadvice.co.uk
 
B

bhupinderbhatti

Member
Buying a buy-to-let home in Vancouver is still a viable option if you understand that it is a long-term investment. Many things must be considered, including your budget, the location you like to purchase, and the sort of property you wish to purchase. Here are some suggestions:
1. Know what it takes to invest in a buy-to-let property.
2. Can you afford it?
3. The "yield" on an investment
4. Think about the property you want to buy.
5. Where to buy
6. Get to know your landlord
7. A reasonable price
8. Get the best mortgage possible
9. Do some insurance research
10. Make it lawful
 
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