1 Answers: How do I get a mortgage home loan?


I need to get a mortgage home loan and would like to know what I need to do exactly. I am starting to get involved in property investment and real estate, any more information will be very much appreciated!

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James 4 years 1 Answer 464 views 0

Answer ( 1 )

  1. Similar to a normal residential mortgage the mortgage is repaid by monthly instalments each buy to let mortgage company will have its own set criteria so be sure to use a good mortgage broker who can access the whole of the buy to let mortgage market bridging loans or short term and fast option to finance the purchase of a property.

    Bridging loans are designed to help people complete the purchase of a property before selling their existing home by offering them short term access to money.

    That’s a high rates of interest a common use of a bridging loan for investors is they can be used to buy a property at auction or even be used to develop a property.

    The main benefit is the speed at which you can access the money much quicker than traditional methods of lending equity funding.

    You could be sleeping every night in the thing that could take your next property purchase.

    Many people leverage the equity they have in one property to fund a deposit on another property.

    You could have a house worth three hundred thousand pounds but your mortgage is only £200000.

    You are literally sleeping on a hundred thousand pounds that you could use to invest and generate a healthy return.

    You can release your equity by remortgaging your home subject to meeting the lenders criteria for cash.

    Many investors will buy with cash.

    This saves on lending fees and ongoing interest payments.

    Savvy investors will purchase a property with cash and then refinance the property releasing money for the next purchase.

    This is very popular if the property is purchased undervalued or in need of modernization because when the investor refinances they do this at the increased market value and release all of their cash.

    Peer to peer peer to peer removes the middleman from the process enabling borrowers to take loans from individual investors who are willing to lend their own money for an agreed interest rate.

    This type of lending has become very popular as borrowers can agree low interest rates which is still a lot higher than the investor would achieve from a savings account.

    Remember with all your lending needs it is important to seek professional advice from a qualified and authorized person.

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