A
AJ97
New Member
Hi everyone I am new to this forum,
This is my situation I have just graduated from uni, 21 and I am currently working as a graduate trainee property manager. I have had an interest in properties for over two years now and have attended many events and have learned many of them just want to up sell their courses.
Having spoken to a mortgage broker I am planning on purchasing my first btl in the midlands but due to me being a ftb and ftl the interest rates are very high there are only 3 lenders who will maybe give me a mortgage at rates of 6% +.
I don’t own a home but I hope to get my first property as an investment starting off as a single let then after a year maybe considering an HMO and change it to multi let. I also live in London where property prices are extortionate. So I won’t be able to afford anything near me.
I am still saving up for a deposit but what would you guys/girls recommend I should do? I want to get an investment property so I can earn additional income but I don’t want to buy a property to live in because I’ll be losing money like that, thanks I look forward to your replies.
This is my situation I have just graduated from uni, 21 and I am currently working as a graduate trainee property manager. I have had an interest in properties for over two years now and have attended many events and have learned many of them just want to up sell their courses.
Having spoken to a mortgage broker I am planning on purchasing my first btl in the midlands but due to me being a ftb and ftl the interest rates are very high there are only 3 lenders who will maybe give me a mortgage at rates of 6% +.
I don’t own a home but I hope to get my first property as an investment starting off as a single let then after a year maybe considering an HMO and change it to multi let. I also live in London where property prices are extortionate. So I won’t be able to afford anything near me.
I am still saving up for a deposit but what would you guys/girls recommend I should do? I want to get an investment property so I can earn additional income but I don’t want to buy a property to live in because I’ll be losing money like that, thanks I look forward to your replies.