How to protect my unencumbered properties?

How to protect my unencumbered properties?

11:49 AM, 3rd March 2015, About 7 years ago 45

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I have over 30 properties in total of which I own 8 outright, and rest are on Buy to Let mortgages.

I am looking for some advice on how to protect the 8 I own outright in the unlikely prospect of an increase in mortgage rates like we had back in the 70s ( I think) so the mortgage company would not be able to touch them ?




by Puzzler

12:39 PM, 16th March 2015, About 7 years ago

Those were over-extended due to irresponsible lending in the mid- to late-eighties.

I am not sure why you are worried, it sounds like you're in a good position.

If they're unencumbered why would the mortgage company touch them? Only to make sure the shortfall in the other(s) is paid. You really don't want to go down the repossession route, plan now to make sure that doesn't happen.

by Barry Humphreys

16:37 PM, 22nd March 2015, About 7 years ago

Entering this thread a bit late. However, Tony. are you running these properties as a Limited company or as a sole trader? here is a suggestion, Why not speak to someone like Clive Ponder from Countrywide Tax & Trust he will have the expertise and skill to help you protect All your assets and you will still be in complete control even divorce, it will cost you a little but you will definitely save a lot if thing went the wrong way, in my opinion don't waste your time reading some of the drivel written by some [not all] professional Estate planning is so important and I am note shocked at how few Landlords take the time to see how they can protect assets, so well Tony for thing on those terms. the company I work with always investigate How we can protect our HNW clients future, after all it's our job.
Good Luck and here is too the next 10 properties.

by Barry Humphreys

16:49 PM, 22nd March 2015, About 7 years ago

so well Tony for thing on those terms.
Sorry guy's it should have read,
So well done Tony for thinking on those terms.
Get all excited when chatting on here!!!

by Rod

22:09 PM, 22nd March 2015, About 7 years ago

I've had a bellyful of -------- tenants! The ones that are -------- being the worst! Go for it!

by James dengel

15:41 PM, 30th March 2015, About 7 years ago

I may be a bit late into this thread but I would suggest investigating the following approach:

Look at mortgaging the unencumbered properties for a low rate (because you can have a great LTV ratio) and use the extra capital to re-mortgage the highest interest properties, thus lowering your overall risk factor and out lay. A simple spreadsheet would perhaps be a good way of looking at this as you might be able to play with the LTV ratios to get them to better rates .

Perhaps don't use all the capital so that you can start building up a large buffer just in case rates do shoot up and you need some time to sell a few properties. Invest this money, somewhere you can get at it if you need it in the short to medium term.

Or as was suggested, a limited company could be the way to go, but I have no information on this to form any argument for or against.

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