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  • Buy-to-Let

    Moving from Help to Buy into Buy to Let

    (*Moderator note:  This post was split off from another thread as it was starting a completely separate topic.*).

    Hi everyone, I am new to this platform and also to the business.

    Am a first time buyer, with 15% help to buy on my first property which I just bought 4 months ago, I intend  paying off the 15 percent this year  instead of waiting for the 5years period, so I can buy another house as BTL by early next year.

    My reasons being that if I wait till 5years to pay it off, the house value might increase and I will definitely be paying back big amounts, but if I pay it back this year, the value of the house may not increase that much, hence i am making some money off it.

    Please, I need your input and advise as any suggestions will be greatly appreciated.

    Thanks

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    House prices don’t always rise

    so factor that in

    you could wait three years and buy at a lower price than now

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    Learn Change and Adapt ?????

    All comments are for casual information purposes only. If you wish to rely on any advice I have given please ensure you obtain independent specialist advice from a third party. No liability is accepted for comments made.

    @ Dislexic_landlord,

    Thanks so much for your advise.


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    The property you brought 4 months ago will be in negative equity by summers end.Have you factor that into your figures.

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    Yes I presumed so, that's why I intend to pay off the HTB this year, so when the property appreciates I will have more equity, also with out paying off the HTB i am not allowed by law to buy another property.

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