Missed Part One? Click to read Property Analysis – Part 1
Mortgage Cap Rate (Interest Only) = Net Annual Rental Income + Annual Mortgage Cost / Current Mortgage Outstanding
Expressed as a percentage this indicator will tell you the maximum interest rate you can sustain and still break even. Obviously the higher the number the greater the safety net you have against rate rises. Any property with a figure around 5% or less needs looking at to see where either cost can be cut or the rent increased. Continue reading Property Analysis – Part 2 – How it can save you thousands!
From today The Mortgage Works has announced three new Buy to let products, but have also tempered this news with confirmed criteria withdrawals affecting Portfolio and Corporate Landlords. Continue reading The Mortgage Works withdraws from Buy to let niche markets
Lisa Orme is an experienced property developer, investor and mortgage broker and specialises in property and financial services for new and established property investors. Lisa’s understanding of The Mortgage Works Refurbish Mortgage facility is highly regarded on Property Forums which is why we have asked her to provide some further insight into the mechanics of the scheme. Continue reading Refurb Mortgages. The Property Investors Dream!
It was 1992, we were at the tail of the property crash of the late 80’s and early 90’s. I was still cutting my teeth in the market of providing commercial finance broking facilities to property investors. The phrase buy to let would not be invented for another four years and the internet was in its infancy. Property prices had fallen by 30% and interest rates had soared to 15%.
Continue reading The history of No Money Down and Instant Remortgages since 1992
We’ve been reviewing our client’s property portfolio’s now for 20 years and making recommendations that have transformed many of our clients to millionaire status. However, we’ve now developed a way to enable us to help far more clients in the future. Continue reading The Money Centre’s Portfolio Review Platinum Package is proving to be very popular as a tool to reduce Inheritance Tax for UK resident landlords with 10 or more properties or net worth of over £500,000