Interest Only vs Repayment Mortgage in 2024

Which mortgage should you get in 2024? Navigating mortgage jargon does not have to be complicated. In this video, I will explain the difference between an interest-only mortgage and a repayment mortgage and which one is best suited for your property investing goals, with practical insights on how to calculate mortgage interests and implications over time.
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[@insaneroute]

I am new to the UK (just over 8 months) on a dependant visa & quite amused how real estate works in this country. So much to learn. Thanks for making knowledgable content mate.

[@thatbrianshee]

@AhmedKhan is one of the best mentors in the UK for property development. The reason why I like his style is he gives so much value for free here on KZbin without selling or shoving a mentoring course down your throat. Very glad to have started working with him lately as my mentor. I'm sure by the time 2024 ends I will become very successful with his meticulous guidance.

[@grabthemappodcast]

I appreciated the breakdown of stress testing for mortgage approvals - it's not something you hear about often, but it's crucial for ensuring financial stability.

[@ammarssz]

I’m new to property market

[@sachsuccess]

Great video as usual Ahmed! Keeping it real in 2024 💯

[@nadeem9485]

Well done - good video. As someone who knows economics your video will help a lot of people get the right mortgage - for me repayment is my first choice for non investors . A home to live in and repay the loan so you can enjoy life

[@tradingrules2228]

Thanks for this.

[@apoxfn]

with interest only u owe the bank for the rest of ur life? isnt that bad on the long run if u have to pay them still in 50 years if you could have just payed it off and get more profit

[@sachsuccess]

Yes but if you’re just paying interest only across the 30 year term, in 30 years time you can refinance or sell the property for what would most likely be a profit compared to what you paid 30 years prior

[@adrenalineisbrown]

hi Ahmed, what is the password to unlock the valuation sheet in your deal analyser?

[@ThatAhmedKhan]

Hi @adrenalineisbrown - you can find the deal analyser at www.ahmed-khan.com/property-brr-deal-analyser/ You just need to sign up with your email

[@lettoservicedaccommodation7764]

Great explanation Ahmed 👍🏻

[@ayres6727]

Rent a property to live in? but you still paying monthly rent?

[@idesireit31]

How do you repay the 75k after the interest only period Is over?

[@sachsuccess]

Refinance or sell the property

[@Contemporarycontent]

Is there no way to avoid the interest ? Can't take it on for religious reasons as well as ethics.

[@sameerazim9687]

There is no way to avoid interest whatsoever, look for other ways to make halal money.

[@Contemporarycontent]

@@sameerazim9687 joint ventures is the only way.

[@Divyv520]

Hey Ahmed , I have send you the email you have not replied yet ?