Buy to let, no fee, no deals, no early redemption (obviously)?
I want to re-mortgage an existing buy to let. I don't need to be too aggresive with LTV, rent easily covers interest only (though I would like the option of partial repayment + existing endowments). I don't want to pay large set up fees, I don't need a discounted product because I don't want early redemption penalties in case I sell next year. All the mortgage finder sites I have checked seem to list products that don't meet this criteria. Help please.
Answers:
Maybe you should ask yourself if BTL is such a good idea.
At present you are not paying off capital so you are renting money from the bank.
I assume if you go to capital repayment, rents won't cover this, you will therefore be subsidising your tenants.
There has been massive house price inflation, which isn't guaranteed to continue. Just look at the US right now.
Interest rates are also increasing.
I think its sick. Parts of our society cant even afford a home let alone buy a house, and there's middle England threating over buying yet another house to add to the collection. Equality for all!
What's the national average wage for an over 18, and also for an under 18. (per hour)?
why is it that immergrants get the job before i do?
Has anyone earn money with google adsense?
I want to sell a my property, How long do I have to live in it before I am exempt from paying capital gains ta
what is a project manager? what do they do?
HGV Driver Jobs In France?
Once I've identified strong sectors on the stock market, how do I identify strong industries within them?
what is the best way to earn money?
how can i get a mortgage to buy a property from auctions as most major banks do not offer this facility?
Answers:
Maybe you should ask yourself if BTL is such a good idea.
At present you are not paying off capital so you are renting money from the bank.
I assume if you go to capital repayment, rents won't cover this, you will therefore be subsidising your tenants.
There has been massive house price inflation, which isn't guaranteed to continue. Just look at the US right now.
Interest rates are also increasing.
I think its sick. Parts of our society cant even afford a home let alone buy a house, and there's middle England threating over buying yet another house to add to the collection. Equality for all!
The answers post by the user, for information only, UKQnA.com does not guarantee the right.