BEGINNERS GUIDE TO PROPERTY REFINANCING | TOUCHSTONE EDUCATION

Are you looking to get started with property investing?
This video is for you!
Learn the basics of property refinancing from the expert himself, and how to use it to your advantage as a beginner investor.
Paul will cover all the key concepts, understanding property refinancing & tax, the power of leverage, exploring refinancing options, and more.
Get ready to take your property investments to the next level with this educational video!
Click here to get your FREE copy of Paul Smith's “The Serviced Accommodation Success Manual” (just pay shipping!) shrtlnk.co/awQ58
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[@antwonefernandez7554]

Subscribed! Im 44, own 3 properties and plan to attend a course with the aim of replacing my emplyed income with property income. 2024 will be the year.

[@evka24]

I am reading your book…love the way you wrote it and the way you explain things ..thank you.so happy I found your chanel and you…I will claim you as my internet dad😅

[@joannazareba]

👌🏻

[@yoannabd]

Great video, although the music is a bit too loud , drowning you out! Great content though.

[@PaulSmithTouchstoneEducation]

thank you for the feedback! We'll keep this in mind for our future videos :)

[@toobsii6841]

Thank you for the brilliant content. Can I ask, if you do have a mortgage on your residential property but also have a good amount of equity, would releasing that equity increase your monthly mortgage payments by a huge amount? X

[@PaulSmithTouchstoneEducation]

Thank you! Depends of course on how much you release and interest rate you mange to get. Generally capital raised from main residence (your home) is just about the lowest cost way to raise finance. Good luck.

[@johnporcella2375]

It does seem a bit like magic that it is possible to unleash equity to make more money elsewhere and eventually more equity there too!

[@PaulSmithTouchstoneEducation]

That is the game we play John, use other peoples money to make our money make money!

[@memphisquinn6387]

Awesome video

[@PaulSmithTouchstoneEducation]

Thank you

[@karenbarker9474]

I wish I had known this 40 years ago. I am 54 and time is against me but I hope to educate my two daughters to do this. I have looked into equity release when I am 55 but I am not keen on my house being taken upon my death. I want my girls to have it. I still have 7 years left on my mortgage so re-mortgaging would give me a higher monthly payment. I have signed up to the 2 day Wealth Course in June so look forward to learning more then.

[@mrgladstone4044]

The simple answer, how much is it worth? Bellow CGT then leave it outright to family, [get a will] value above get several opinions, it is complicated. Risk free just leave 7yrs before you die, again not that simple if you continue in living in house. Debt is expensive in 2023 and costs a lot to set up the loan. [ Me age 70 debt free ] If you want them to live to live there in 30yrs time then have no debt agaist the house is best option. Keep it simple and don't be anbitious just one debt free one house to leave to family rather than several rentals with loans that never be paid off without selling.

[@ayres6727]

i think this is for those who owns atleast one property to start with

[@PaulSmithTouchstoneEducation]

Everyone has to start with their first one! Is it helpful to see how it grows from there? Good luck.

[@ayres6727]

but where to get a deposit?@@PaulSmithTouchstoneEducation

[@nomadinthemaking]

Great vlog Paul. I’m looking forward to starting your serviced accommodation bundle I paid £1800 for. if it gives my £40,000 a return of £1000 a month I’d be absolutely delighted. Alternatively I can leave it In premium bonds making me 3-3.5% a year. #cashistrash

[@PaulSmithTouchstoneEducation]

Let us know how you are doing in a few months Nomad!

[@Cappaghgrove]

Great video Paul...although that view behind you is a bit of a distraction..lol

[@uwpartnersUK]

Hi Paul, our family home is worth about 1.2 million got about 40k mortage left how much can we release & what kind of requirments will checked ( hope it makes sense ) thanks

[@PaulSmithTouchstoneEducation]

Perfect sense. How much you can release is likely to be mainly a function of your income. Provided this is sufficient all the way up to 90% of the property value. I would strongly urge that you do not release that much! Even 40% LTV is going to be £480,000 which is enough to purchase close to £2,000,000 of investment property. Not knowing your specific background I would say do not leverage too much but certainly consider releasing significant equity. Make sure you get educated, coached, supported every step of the way. What you have there is the keys to financial freedom and intergenerational wealth. Please use it wisely guided by people that have done this many times before. Good luck. Paul

[@uwpartnersUK]

@@PaulSmithTouchstoneEducation Thank you replying back, it makes sense what you are saying & I shall be looking into TS courses god bless 🙏

[@PaulSmithTouchstoneEducation]

@@uwpartnersUK Pleasure and thank you.

[@bartoni79]

Why would you be taxed on the 400k? Isn’t CGT paid on the difference between the initial cost of the property and amount you sell it for?

[@PaulSmithTouchstoneEducation]

Yep... purchase price 41 years ago was £10,000. Sale price £410,000. Gain £400,000. Great question.

[@bartoni79]

I missed that part about the purchase price being 10k

[@PaulSmithTouchstoneEducation]

@@bartoni79 it was a very brief mention ... thanks for watching!

[@curlykidrecords]

"You've got £40,000 - 25% deposit so you can two buy two more for £160,000" - Sadly this is no longer the case. Lenders work on the stress test analysis of rental yield 145% + 6-8% on top of base rate, so unless you're buying a property in an area with an extremely high rental yield like the north east, that isn't workable (any longer). You'll need about 65% LTV and then pray that the rent you can get can satisfy a lender. With 35% deposit and btl rates at around 5%, it's not such a smart business model

[@PaulSmithTouchstoneEducation]

Thats many peoples view I agree. the model still works very nicely for me.

[@curlykidrecords]

@@PaulSmithTouchstoneEducation If you've got a strong enough LTV over a portfolio that you started a few decades ago, you'll be fine

[@uniqually]

I've just got our first btl. Ltv 60percent we've had to put down quite a big chunk to get in within limited company. Would have liked to have used less and split it over more properties. Hoping to have it with tenant and pay itself off, and have the cash to get a second. Not sure where to go from here. I plan to come on a course when the time is right but 3 young children atm so might be a while.