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Hi there,
My partner owns a property which we used to live in, and share with his brothers. We have moved out of the area for work and now want to let it all out as a student let. We're going through the whole HMO licence application etc.
We contacted...
Started by sariebeth on
, 12 posts
by 7 people.
Answer Snippets (Read the full thread at moneysavingexpert):
Sorry working/travelling....
Particularly when BTL mortgage rates don't seem to be that high generally.
Other BTL mortgages? are you on a residential mortgage and looking for consent to let or can you move by the increase.
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My wife is the landlord of the flat she used to live in as a student.
It is an HMO property and has been for 6 or so years.
We currently have consent to let from Alliance and Leicester and it is on their variable rate at around 2.5% on a repayment mortgage...
Started by pramsay13 on
, 8 posts
by 5 people.
Answer Snippets (Read the full thread at moneysavingexpert):
Changing....
Have you asked the current lender to alter the mortgage to interest-only?
Changing to a formal BTL,
For the current mortgage providers it was a no-go to change it to BTL without them getting proof that we liabilities.
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Hi all,
I'm looking for some advice/ideas on the following.
I have a house in South Wales on a residential mortgage with HSBC. The house is worth 85-90k and my mortgage is 66k. This house is rented out (with HSBC's permission) and I am renting in the ...
Started by baz2277 on
, 7 posts
by 5 people.
Answer Snippets (Read the full thread at moneysavingexpert):
You want to move your existing let property onto a BTL mortgage, at which time I would suggest existing let property onto a BTL mortgage, at which time I would suggest releasing some equity! I think you are saying that when....
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Hi there,
We have an interest only mortgage on a holiday let business from Birmingham Midshires. It's a tracker and we're currently paying 4.35% above BBR, which will fall to 3.99% above BBR in November 2013, which is also the date on which early repayment...
Started by gterr on
, 8 posts
by 4 people.
Answer Snippets (Read the full thread at moneysavingexpert):
So you may wish to consider leaving a small mortgage, and you are....
Of the £51k needed for the mortgage repayment, £30k is in a 2-year is unencumbered (esp if this is your only mortgage liability).
For early repayment after Nov 2013.
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Hi all, wonder if anyone out there is kind enough to help, I'm looking to purchase 1 bed property with a buy to let mortgage, however due to the low purchase price of 39k and loan amount of 29250, I'm finding it difficult finding a lender to accept has...
Started by jobyjo on
, 4 posts
by 4 people.
Answer Snippets (Read the full thread at landlordzone):
Other way (eg Mortgage on your own home, other bank lendings etc??) Check out the Clydesdale Bank.
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You do realise this post is 18 months old ?
Started by More4 Loans on
, 5 posts
by 5 people.
Answer Snippets (Read the full thread at singingpig):
They are a national company - really good guys, always come up with the best buy to let mortgage deals for me.
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Hi
Son is at university with his own student mortgage. Rent from student lodgers pays the mortage. He would like to invest in a BTL.
Are BTL mortgages available for students?
Thanks
M
Started by MYERE on
, 4 posts
by 4 people.
Answer Snippets (Read the full thread at moneysavingexpert):
BTL mortgage....
Number of issues ...
The majority of BTL mortgage lenders work on rental an additional property - to rent out, and requires a mortgage for this.
And BTL mortgages that allow student tenants.
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I read a property owner recently saying that the only profit he made from BTL was through appreciation, not rental income. Once all his costs & maintenance were paid for, he was left with virtually nothing from rent alone.
I just wonder whether that could...
Started by Darkman on
, 15 posts
by 14 people.
Answer Snippets (Read the full thread at housepricecrash):
I put....
Once all his costs & maintenance were paid for, he with no mortgage.
Once all his costs from BTL was through appreciation, not rental income.
That the only profit he made from BTL was through appreciation, not rental income.
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My brother has a small one bed BTL property that is currently rented out. He wants to sell the property but I think its currently a good BTL property and am considering purchasing it from him.
Financial details.
Property value £130,000
Current BTL mortgage...
Started by Morgage Confused on
, 5 posts
by 3 people.
Answer Snippets (Read the full thread at moneysavingexpert):
Exercise to Try to....
Two options ....
Hope this helpsUnfortunately, you can't simply transfer an existing mortgage, and its terms, between individuals.
Sale and pch, and source your own BTL mortgage, using your 30k as your deposit.
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Hi all,
I have finally decided that I WILL get a buy to let property!! All I need to do now is work out what I need to think about when I take the plunge! Please, please can you let me learn from your experiences - good and bad!!
I have a remortgage in...
Started by Therese1 on
, 15 posts
by 11 people.
Answer Snippets (Read the full thread at moneysavingexpert):
In theory, I could cover the....
It (been mortgage free for 3 years now! ) so, I guess I'm just trying to plan ahead as far as possible!
Re the figures, I could get a re-mortgage for up to about £120,000 but don't fancy breaking of rentals.
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