You Will Hate Yourself Later If You Don"t Read This Property Investment Advice!
You can never be a millionaire by watching "Who Wants To Be A Milionaire?".
Wouldn't you agree? Most investment firms believe that let-to-buy mortgages will become popular in the new year as the housing market slows down.
Let-to-buy is the process of purchasing a new home to live in while renting out a current property.
This type of mortgage will be popular because sellers will struggle to offload their properties before buying another.
Eligibility is dependent upon the proposed rental income on the current property being sufficient to cover the cost of your existing mortgage.
Lenders offering this type of loan will usually exclude the existing mortgage from their calculations and offer a mortgage for a new property based on normal income multiples.
This means having two mortgages at normal residential rates, thereby avoiding buy to let mortgage deals which often involve slightly higher rates.
Another advantage of the let to buy route is that the lenders generally require a deposit of between 5% and 10%, whereas buy to let schemes normally require at least 15%.
This in itself can be a good reason to choose a let to buy mortgage.
It can be of real benefit when used to break the buyers and sellers chain if there's trouble selling property or there is a little or no equity and would rather wait before selling.
Let-to-buy can be a stepping stone to building a portfolio of property that could read dividend on in the future, acting like a form of long term pension provision, once the mortgage on the property is paid off.
You can rent out your existing property while buying another property.
It is the best way to retain a property if a person is relocating as a result of a job or change of circumstance for a period of time and have a need to purchase a new home.
The amount that the a landlord receives in rent may be over and above the mortgage payments and will help to offset the management and maintenance costs of the property.
It is also a way to retain the original property as an investment and benefit from the mortgage being paid by the tenants.
In this way, a person can be financially freedom.
I don't know why some people are very pessimistic about property investment.
In doing property investment with the right perspective, anyone can be truly financially independent.
But please don't be fooled that it will be all plain sailing.
Don't expect a bed of roses here.
It needs hardwork, guts, discipline and commitment.
Wanna bet? Ask the world's richest people...
They are a living testimony on how property investment brought them to the highest pedestal where lowly people are now looking up.
Wouldn't you agree? Most investment firms believe that let-to-buy mortgages will become popular in the new year as the housing market slows down.
Let-to-buy is the process of purchasing a new home to live in while renting out a current property.
This type of mortgage will be popular because sellers will struggle to offload their properties before buying another.
Eligibility is dependent upon the proposed rental income on the current property being sufficient to cover the cost of your existing mortgage.
Lenders offering this type of loan will usually exclude the existing mortgage from their calculations and offer a mortgage for a new property based on normal income multiples.
This means having two mortgages at normal residential rates, thereby avoiding buy to let mortgage deals which often involve slightly higher rates.
Another advantage of the let to buy route is that the lenders generally require a deposit of between 5% and 10%, whereas buy to let schemes normally require at least 15%.
This in itself can be a good reason to choose a let to buy mortgage.
It can be of real benefit when used to break the buyers and sellers chain if there's trouble selling property or there is a little or no equity and would rather wait before selling.
Let-to-buy can be a stepping stone to building a portfolio of property that could read dividend on in the future, acting like a form of long term pension provision, once the mortgage on the property is paid off.
You can rent out your existing property while buying another property.
It is the best way to retain a property if a person is relocating as a result of a job or change of circumstance for a period of time and have a need to purchase a new home.
The amount that the a landlord receives in rent may be over and above the mortgage payments and will help to offset the management and maintenance costs of the property.
It is also a way to retain the original property as an investment and benefit from the mortgage being paid by the tenants.
In this way, a person can be financially freedom.
I don't know why some people are very pessimistic about property investment.
In doing property investment with the right perspective, anyone can be truly financially independent.
But please don't be fooled that it will be all plain sailing.
Don't expect a bed of roses here.
It needs hardwork, guts, discipline and commitment.
Wanna bet? Ask the world's richest people...
They are a living testimony on how property investment brought them to the highest pedestal where lowly people are now looking up.