Background

The Business of Property Episode 15: Our property financing

Transcript arrow_drop_down

Transcript

[ad_1]

About this Episode

Stuart and Simon talk about financing property and how they do it.

Simon’s oldest mortgage is actually still a residential one with consent to let and it’s an old mortgage! In fact his oldest two mortgages are both very low trackers which makes them hard to give up, despite the potential to extract further funds.

Stuart doesn’t have any old mortgages! He’s strictly a short term, fixed rate, mortgage user. Aiming for maximum flexibility at minimum cost. He has even chosen flexibility and avoiding ERCs (Early Redemption Charges) over a cheaper rate at times!

Simon and Stuart compare their typical LTV (Loan to Value) rates and discuss what a high LTV can mean. Is it safe and when does it matter?

The discussion moves on to bridging finance – how is it different from a traditional mortgage? Typical rates and the application process are discussed along with other factors.



[ad_2]

Source link

About the author call_made

admin

More posts

Timestamp

Be the first to leave a comment

Leave a comment

Your email address will not be published. Required fields are marked *

 For anyone looking to expand their real estate horizons beyond borders, this podcast offers a treasure trove of insights from top agents around the globe. Whether you’re looking to showcase your expertise as a real estate professional or uncover the next great investment opportunity as a buyer, Global Real Estate Insider provides the expert advice and market analysis you need to make informed decisions in the global real estate arena.

International real estate platform that connects foreign buyers and investors with international property

0%

Login to enjoy full advantages

Please login or subscribe to continue.

Go Premium!

Enjoy the full advantage of the premium access.

Stop following

Unfollow Cancel

Cancel subscription

Are you sure you want to cancel your subscription? You will lose your Premium access and stored playlists.

Go back Confirm cancellation