Carolyn Barton

Registered with Property118.com
Saturday 1st November 2014


Latest Comments

Total Number of Property118 Comments: 3

Carolyn Barton

21:01 PM, 1st November 2014
About 7 years ago

Glasgow Landlord Lacking Direction - HELP!

Reply to the comment left by "ray selley" at "01/11/2014 - 19:56":

Hi Ray

That is worrying as we discussed at length my requirement for no early redemption penalty. I will most certainly look to them to clarify this on Monday. I don't have my notes of the discussion to hand but from what I remember they recommended TMW lifetime variable 4.99% £995 arrangement and no early exit penalty. Thank you for alerting me to this.

Carolyn... Read More

Carolyn Barton

18:43 PM, 1st November 2014
About 7 years ago

Glasgow Landlord Lacking Direction - HELP!

Reply to the comment left by "Mark Alexander" at "27/10/2014 - 10:06":

Hi Mark

Thanks for posting this and for your input. I'm not entirely dependent on the cash from the properties I have some bits and pieces of self employment I do - just not enough for a bank to give me a residential mortgage for my own home at the moment. I am definitely interested in the refurbishment route and have some experience in that area.

When I wrote my initial query last week I was under the impression that a btl would be unsuitable for a refurbishment project as I'd been told by another broker that all had high early redemption penalties and that I would have to go bridging finance route - which as you know is terrifyingly expensive. However having tried another broker I find this is not the case so things are looking a bit brighter.

Many thanks for your help
Carolyn... Read More

Carolyn Barton

18:37 PM, 1st November 2014
About 7 years ago

Glasgow Landlord Lacking Direction - HELP!

Thank you for taking the time to reply Colin. The suggestions you make are worth investigating and I will do so on Monday. I had a broker do another check with TMW yesterday and they have a btl product which has no early redemption penalty - the interest is higher but it may give more flexibility to allow me to buy, refurb and sell on with enough profit for more deposits. I will check this and your suggestions and see how the sums add up. Thanks again I'm not as stuck as I thought I was it would seem.... Read More