Mortgage
20 October 2006, 02:48 PM
#1
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Mortgage
Looking at getting a second property to rent out to a family member.
Got a 5% deposit, who is offering the best fixed rate mortgage at the moment? looking at 2,3 or 5 years fixed.
Got a 5% deposit, who is offering the best fixed rate mortgage at the moment? looking at 2,3 or 5 years fixed.
20 October 2006, 04:52 PM
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have you considered buying new through a property investment club at a "discounted" price? they can handle this for you. these deals work for some people, but not for others
20 October 2006, 07:47 PM
#5
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if you go Buy to Let think you'll need morethan 5% deposit, lowest i'd heard of is 15%.. nornally about 25% with banks.
i've got 5 buy-to-let mortgages.. rangeed from15%-25%
i've got 5 buy-to-let mortgages.. rangeed from15%-25%
20 October 2006, 07:50 PM
#6
Originally Posted by salsa-king
if you go Buy to Let think you'll need morethan 5% deposit, lowest i'd heard of is 15%.. nornally about 25% with banks.
i've got 5 buy-to-let mortgages.. rangeed from15%-25%
i've got 5 buy-to-let mortgages.. rangeed from15%-25%
Is buy to let a viable investment in the current financial climate?
20 October 2006, 08:32 PM
#7
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DEPENDS ON WHAT YOU BUY, WHERE YOU BUY IT AND HOW MUCH YOU PAY.
I bought this one last November for £45k, the re fit is almost completed now and it will be offered at £395pcm, its bottom end of the market for ppl to rent, don't have any problems getting ppl to rent off me. it s v good return from the rent coming in for the mortgage re payments.
72 Park View @ Fotopic.Net
I bought this one last November for £45k, the re fit is almost completed now and it will be offered at £395pcm, its bottom end of the market for ppl to rent, don't have any problems getting ppl to rent off me. it s v good return from the rent coming in for the mortgage re payments.
72 Park View @ Fotopic.Net
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20 October 2006, 09:10 PM
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Originally Posted by salsa-king
it s v good return from the rent coming in for the mortgage re payments.
72 Park View @ Fotopic.Net
72 Park View @ Fotopic.Net
21 October 2006, 09:37 AM
#10
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Originally Posted by TopBanana
Maybe you could spend some of the income on a wide-angle lens?
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