How To Repay An Interest Only Mortgage | Explained For Property Investors | Buy To Let Advice | BTL

[@rebelzombieco]

Thanks Dan, useful stuff as always. Buy, hold. Asset value goes up, value of debt goes down, perfect!

[@new2property]

Simples right?......😀

[@theentertainmentgroupuk3480]

Great video. With my buy to let’s the cash flow from the interest only Mortage pays for my liabilities ( Car , Holidays etc )

[@new2property]

Hey The Entertainment Group UK, Thanks very much for your comment and for taking the time to watch my video. That`s sure one way to sell an interest only mortgage, more holidays and nice cars is what we all want I`m sure :-)

[@inerit5175]

Great stuff!

[@new2property]

Thanks!

[@MarcusT86]

Hello mate. I finally went and took your free book offer. Can’t wait to receive my copy!

[@new2property]

Marcus, Finallllly, thanks very much, I really hope you get some value from it. Let me know how you get on and thanks for letting me know. Have a great day

[@stuartnicklin4101]

Hi Dan whats the best way to get a deposit for a deposit for a btl ? Would you borrow on a repayment or interest only mortgage?

[@new2property]

Hi Stuart I always use interest only mortgages and to build up a deposit I just save hard. Thanks for watching

[@stuartnicklin4101]

Thx ..by the way your book is great !

[@azizrahman9496]

You need to meet a certain criteria for interest and repayment mortgage, one thing not mentioned is interest rates

[@nkang88]

Hi Dan, thanks for the video. Couldn't you get an insurance policy on the interest only mortgage? They're fairly inexpensive, (perhaps around £10-15 a month), and will pay off the mortgage for you if for whatever reason you cannot.

[@new2property]

Hi sneakzwithHeat, Thanks very much for your comment and for watching, I wasn't actually aware of this safety net, possibly as I`ve never considered not being able to pay them off when the time comes. Great info though and thanks for letting me know. Do you use this method yourself?

[@nkang88]

@@new2property Hi Dan - happy to help. I've only recently got into property - I purchased my first BTL March this year. But I've learnt so much more since then (i.e. insurance policies on interest only mortgages). I'm ready to move on my second property, but struggling to find numbers where i can make solid net profits. My calcs are typically coming out as £250 net (pre tax) and I'm not sure this will help me quick enough. The strategy is to replace my 9-5 income. Any advice/tips in return would be great :). Keep up the excellent work with the videos too!

[@new2property]

Hey @@nkang88 Great job on getting your first property, that's typically the hardest part for many new investors. You`ll do well to get much more than £25o net in today's market, unfortunately, my best advice would be to grab a copy of my book, I cover off all the steps of how to find, acquire and set up a safe, solid, sound and secure investment property. The book is free I just ask that you pay for postage and packaging, I`m pretty confident you`ll pick up a thing or two from having a read. You can grab a copy on my website: www.new2property.co.uk I hope this helps, good luck finding number 2