How to get a Buy-To-Let Mortgage as a First Time Buyer | First Time Buyer Buy To Let Properties UK

[@tyrosel2543]

Abigael is one of those straight to the point genuine no riff raff kind of person.

[@AbigaelAremu]

😂 I love that! No lies there 😊

[@matthew10584]

I like how down to earth this video is for those looking to invest, I found it much better than explainations from big time investors.

[@AbigaelAremu]

Aww thanks! I’m just trying to share my journey and glad it’s proving more relatable and accessible 🙌🏾

[@rhettkeagan7560]

I realize I am pretty randomly asking but do anyone know a good site to watch new series online?

[@xavieramari9634]

@Rhett Keagan flixportal :P

[@rhettkeagan7560]

@Xavier Amari Thanks, signed up and it seems to work :D Appreciate it!!

[@xavieramari9634]

@Rhett Keagan No problem xD

[@modupeolukanni2027]

Hi Abigael, can you direct me to a video where you talk about the process after buying your BTL. For example, how do you make sure you’re still profitable after using a property manager. Do you have a video where you talk through your costs and profits on your BTL property?

[@Mars-op9km]

Thank you ❤

[@jeffreybrew273]

Epic, thank you

[@amberreed1590]

Amazing videos thanks

[@simonc513]

Really nice, friendly style you have. So many advice channels are 'HEY GUYS, WELCOME BACK'. You're nice and chilled with honest advice. Nice work :)

[@AbigaelAremu]

Thank you! Really appreciate that 😊

[@nprincess90]

Not me just getting interested in this topic, Googling and finding a fellow naija British girl 😭🥰🥰🥰🥰 I love it! Thank you sis :)

[@everythingispolitics6526]

This was VERY informative. New subscriber here 👋🏿👋🏿. Do you know whether getting a buy-to-let mortgage affects the LISA? Would an owner of BTL still be eligible to use their LISA towards their residential property later down the line once ready? Thanks in advance 🌼

[@Aisha-uw9xl]

Wow this was a really quick turnaround - thank you! This video was very helpful and insightful 😁

[@AbigaelAremu]

You’re welcome girl! I’m glad it’s helped you out 😊

[@leong1163]

Looking to buy a property next year - found this video really useful! Well paced too, was easy to digest the info. Thanks!

[@AbigaelAremu]

I'm so so glad to hear that, thank you! All the best with the property purchase also, you're almost there! 🙏

[@iddods2117]

Yeah man, you can earn cash from a poor family. When they cant pay throw them out on the street.

[@matthewkli]

Very relevant to our younger generation, I am looking at buy to let opportunities as a first time buyer and this was very helpful and informative! Thank you for sharing your knowledge and time, very inspirational

[@AbigaelAremu]

Thanks so much for your feedback! I really appreciate it and thanks for watching 😊

[@getthoseskills4451]

thank you very helpful

[@iconic1k636]

Gave us free game, God bless you!

[@MyHonest123]

Can you do a video on what you allow tenants to do e.g pets, making arrangements, painting, shelving, holes etc

[@AbigaelAremu]

Ah yes, great idea!

[@deepamandalia8150]

Hi i need some information

[@marinageorgieva1311]

Brilliant, thank you!

[@AbigaelAremu]

You’re so welcome 😊

[@stanleybadger3515]

Thanks for directing me here! Is there a clever way of getting a BTL for example through an LTD. Such that when it does come around to stamp duty for your residential home you’re still eligible for eligible for first time buyer allowance? Same thing with Lifetime ISA. Im guessing you can’t use that for your residential house after buying a BTL? Do you have a video on how much profits your BTL generates? Would love to see that too! Thanks!

[@AbigaelAremu]

Unfortunately I don’t think that’s possible. Once you buy any property, you can’t utilise any of those first time buyer schemes for a residential. I don’t have a video on profits as I don’t really see that as beneficial, since income will vary based on location and property type.

[@thesamnorris]

Once you own a property, even if your next property is through limited company ownership, you will lose any first time buyer privileges, plus, you’ll be required to pay the 3% stamp duty surcharge.

[@lolam3988]

Good question! I was under the impression that if your a FTB and you buy a BTL property through a SPV (LTD. company) then your still a FTB when you personally purchase a residential property (which allows you the reduction in stamp duty as a FTB) as it’s your company that owns the BTL property not you as an individual. Could be wrong… would be good to have a video on this :)

[@noumman]

Very good informative video but unfortunately the sound was not that good

[@AbigaelAremu]

Thank you Nouman, appreciate the feedback!

[@Patchpartners]

Great video 🙏

[@AbigaelAremu]

Thank you 😊

[@3nyx]

such a helpful video !

[@AbigaelAremu]

Aww thanks for the feedback 😊

[@debbydetermined]

What made you pick an investment property as your first property ? I'm debating about whether I need to get an investment property or a principle private residence because I'm told as a first time buyer you get many benefits when getting a principle residence.

[@AbigaelAremu]

I picked an investment property first as I was keen to start building my portfolio sooner rather than later. I also didn’t have a need to move out of my family home. I talk about the pros and cons of both sides in this video here - kzbin.info/www/bejne/bHXJq4ewntWFgqc. You do miss out on first time buyer benefits but it all depends on what your goals are.

[@anon4518]

Thank you

[@AbigaelAremu]

So welcome 😊

[@thafimulislam9542]

I got enough money it’s just that I can’t find a stable good paying job where I live

[@kylevanpoyzr8656]

Hi, I’m thinking of getting a buy to let with my sister. She has already purchased a home so I feel she will be covered in that sense. But getting a joint mortgage makes me look more appealing to lenders now, would I still be appealing to them if I then try and get another mortgage alone a couple years after I did with my sister?

[@AbigaelAremu]

Hey! Yes you definitely will still be appealing - more if anything. I answer this question in detail here - kzbin.info/www/bejne/bGaQloqjbNOnfNk

[@nauman121]

Wonderful content so thank you! We only have 20k deposit so cant good house on residential mortgage so we thought to go for BTL as FTB in derby for 100k new flat with 7% yield, is that a good decision?my salary is around 70k so will i easily get BTL as FTB?is there any other expense i should keep in mind when buying 100k flat on leasehold?your advise will be a great help. Thank you. Plz do respond 😊😊

[@AbigaelAremu]

Glad you found the video helpful 🙂When buying a leasehold, the main expenses to be aware of are costs to extend the lease if the number of years remaining is too low. Ground rent and service charges are another expense to be aware of. You can also check out this video where I breakdown all the costs when buying a property - kzbin.info/www/bejne/nmWWiJ5vqrSDkMk If you'd like to discuss your situation in further detail, please could you book a call here? calendly.com/abigaelaremu/property-consultation-support-call