How To Add An Extra Room Without Increasing The Floor Area!
Here is a clever way of very effectively adding value to a home without a huge amount of work. Adding another bedroom in the space of a kitchen.
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Why Bridging Can Allow You to Do More Deals
One of the great things about being in property today is that there are so many different ways we can raise our finance. And if you find yourself in a situation where you find yourself a fantastic refurb opportunity, but you can’t get standard buy to let lending because it needs a bit too much…
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Should I buy for cash or should I use a mortgage?
Ah, the old dilemma, and a question I’ve been asked a lot recently. As is so often the case in property, there is no right or wrong answer, but here are my thoughts on this.
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Finding Finance For Your Refurbs Can Be Tricky – Here’s The Solution
If you are buying properties to refurb, and I think you should be so you can add value, most buy to let lenders want the property to be lettable from day 1. So getting finance can be tricky, if not impossible, for the types of properties we want to buy. Here’s the solution. This product gets around that…
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What Caused This Crack and Does it Matter?
What caused this crack in the Property? A possible investment is made unfeasible by this crack, any refurbishment and renovation will likely cost more to fix than our return. Here’s to successful property investing! Peter Jones B.Sc FRICS Chartered Surveyor, author and property investor www.ThePropertyTeacher.co.uk PS. By the way, I’ve rewritten and updated my best-selling…
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Seven Steps to Financial Freedom Through Buy to Let
Please CLICK HERE to download your FREE copy now, no email required. Would you like a few buy to let properties to supplement your current income? Would you perhaps like a few buy to let properties to supplement your pension? Or perhaps you would like to be more aggressive and would like to put together…
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If your rental properties aren’t energy efficient you could find yourself in hot water
It’s time to dust off your EPCs. Interesting comments by the energy minister Claire Perry, who is suggesting that Stamp Duty could be used to incentivise property sellers to make their properties more energy efficient. And there could also be fines as well – so you’d be fined for selling a cold, draughty property (i.e…
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Is that crack dangerous? How can I know?
When is a crack not a crack? When it’s a concern. Ok, not a great piece of humour, ironically a little like cracker humour, if you’ll forgive the pun. Joking aside, cracks in our world (of property) are worth understanding – many a deal has turned out to be a poor one because the buyer…
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Keeping a Lid on Your Repair Costs
Even in the world of buy to let familiarity really can lead to ‘contempt’, especially when it comes to property management and arranging property repairs. Because the bulk of my buy to let properties are around 150 miles from home I have a number of different managing agents who look after them. Delegating the management…
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How I Could Have Saved £1585 and How to Get Free Boilers For Your Buy to Let Properties!
Following on from my post about how to keep a lid on your repair costs I’m now kicking myself even more because I’ve realised that I could have done even better than Patrick’s much more reasonable price of £1585 for a new boiler in one of my buy to let properties. I could have got…
DetailsHow to Make Property Renovation Profits Part 4
Search Around For The Best Finance For Renovation Projects. Lenders require a property to be habitable from day one before they will advance a buy to let loan. Many buy to let lenders are reluctant to advance mortgages against properties which require even minor works of repair, modernisation or improvement. The rationale behind this is…
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Light Refurbishment Finance Available Today In the previous post we looked at light refurbishment and how it works. Let’s have a look at the different light refurbishment products offered by the different lenders. Paragon Mortgages Here’s how the Paragon limited refurbishment scheme limited works. The minimum valuation requirement is £75,000. Up to 75% of…
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