X

Sign Up

or

By signing up I agree to Property Tribes Terms and Conditions


Already a PT member? Log In

Sign Up

Sign Up With Facebook, Twitter, or Google

or


By signing up, I agree to Property Tribes Terms and Conditions


Already a PT member? Log In

Log In

or


Don't have an account? Sign Up

Forgot Password

To reset your password just enter the email address you registered with and we'll send you a link to access a new password.


Already a PT member? Log In

Don't have an account? Sign Up

  • Property-a-holics

    Next steps to expand my portfolio

    If your cash poor should you really be doing this project

    in the first place

    1
    0

    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.

    My thoughts which I am debating, is that by remortgaging, although onto an inferior mortgage, is that it will give me funds to re-invest into another property.

    So sacrificing cashflow, and paying more interest, in return for the potential to enjoy capital appreciation from two properties instead of one. I know capital appreciation is a long term game, but as long as the mortgage is covered by the rental, I am happy to sit back and wait

    0
    0

    In today’s market I would not remortgage to the hilt

    your better off saveing a deposit you will get a good rate for the new purchase and keep the good rate on your excising mortgage

    but it’s up to you if the deal your getting on the new purchase is a very good one it might be worth doing  if it’s not a cracking deal play safe and save a good deposit and move on then

    0
    0

    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.


    After remortgage, the loan would be 150k and the property value around 250k. Maybe the loan could be less.

    On paper, that doesnt sound too excessive or risky, and hopefully is feasible

    0
    0