13:48 PM, 17th March 2015, About 7 years ago 4
I have a conundrum, with the property market bouncing back it has encouraged more investors to snap up property in the hope of its value rising. I have a portfolio of six fully paid up (No mortgage) 3/4 bedroom houses in Harborne and Mosely in Birmingham and these areas are the most affluent of the city. They have been decorated to a five star standard and thus command higher rents.
I’m looking to expand and would like some advice on the best way to raise capital to fund my next purchase. The economic climate changes almost every month and attractive income investment at a time of low rates and stockmarket volatility is a good time to expand my portfolio.
Should I sit tight for a year and raise some capital from rent, or mortgage, or go for a loan?
Should it be interest only or repayment?
Should I approach a specialist buy to let financier?
My father (Bless him!) always used to say to me “The key is to think long-term.”
Thanks in advance for any advice.
Please Log-In OR Become a member to reply to comments or subscribe to new comment notifications.
Advice and implementation provided by a practising Barrister-At-Law with £10,000,000 of Professional Indemnity InsuranceBook Now
|“Account”||means an account required to access and/or use certain areas and features of Our Site;|
|“Cookie”||means a small text file placed on your computer or device by Our Site when you visit certain parts of Our Site and/or when you use certain features of Our Site. Details of the Cookies used by Our Site are set out in section 13, below;|
|“Cookie Law”||means the relevant parts of the Privacy and Electronic Communications (EC Directive) Regulations 2003;|
|“personal data”||means any and all data that relates to an identifiable person who can be directly or indirectly identified from that data. In this case, it means personal data that you give to Us via Our Site. This definition shall, where applicable, incorporate the definitions provided in the EU Regulation 2016/679 – the General Data Protection Regulation (“GDPR”); and|
|“We/Us/Our”||Means Property118 Ltd , a limited company registered in England under company number 10295964, whose registered address is 1st Floor, Woburn House, 84 St Benedicts Street, Norwich, NR2 4AB.|
|Name of Cookie||Purpose||Strictly Necessary|
|JSESSIONID||Used only to collect performance data, with any identifiable data obfuscated||No|
|__cfduid||This cookie is strictly necessary for Cloudflare's security features and cannot be turned off.||Yes|
|Name of Cookie||First / Third Party||Provider||Purpose|
|__utma, __utmb, __utmc, __utmt, __utmz||First||Helps to understand how their visitors engage with our website|
|_fbp||First||Helps to understand how their visitors engage with our website|