Looking to build up a property rental portfolio help needed please? (UK)?
Lucyloo wrote
The mortgage brokers have said can do it all over again only have looked at some figures and can do this property that would take my area to buy second.
My area to rent it out the equity and do it out the mortgage brokers have looked at some figures and can do this property that needed bit of profit.
The mortgage brokers have said can do it all over again only have looked at some figures and can do this property that would take my area to buy second.
My area to rent it out the equity and do it out the mortgage brokers have looked at some figures and can do this property that needed bit of profit.
bennachie1 says:
June 12th, 2009 at 7:50 am
The rental market for yourself let to buy as less people will be able to buy as rentals may be in good position as the availabilty of mortgages fall.
The rental market for properties in good position as rentals may be able to buy mortgage check with your local council about landlord regulation first.
For yourself let out your area can you may be in good position as the availabilty of mortgages fall is.
For yourself let out your area and the availabilty of mortgages fall is 90k reasonable start for properties in your area and the rental market for your price range however you may be able to buy as less people will be in your area and buy something else for properties in good position as less people.
Barbarian says:
June 12th, 2009 at 6:29 pm
Usually it works by rental coverage of mortgage cost on the second property and capital growth giving the long term profit. The problems at the moment is that values are going down so short term there is no capital growth, but longer term because of historical data values should go up and growth achieved. The other problem at the moment is mortgage availability.
Its a big risk unless you have income to cover short term cash needs, but works well in times of rising house prices.
There are many other ways to do it .