Lovely video! Please do a video on how I could purchase a Buy To Let through a LTD in today’s market. Do the same principles apply?
@omo40710 ай бұрын
Great video, I had a question like your £800 rent example. What about taxes? I know it’s dependent on income but now that you have to pay up to 40% taxes. Will the banks not factor that in? Or are there ways to make mortgage tax deductible after the new law
@akumar736610 ай бұрын
My understanding is the banks look at gross rental income.
@mitchmonkey90639 ай бұрын
If you buy it in a ltd company the mortgage payments go against your tax, and all your other costs as well then you pay 25% in the UK at the moment
@megaadidas9810 ай бұрын
Great videos! I was wondering would it be a good idea for a parent to gift their house to their child, and the child (an adult) would buy to let another property as well as rent out the property that they were gifted. Is this doable?
@nawal77219 ай бұрын
I didn't understand what you mean by "mortgage is interest only, you don’t have re-pay the debt at any point, carry on refinancing and never pay the debt". What does carry on refinancing mean? The debt has to be paid if the property doesn't have a tenant no?
@MrPersonalTraderАй бұрын
I appreciate it you explained very well and it was amazing,one day we will meet as a big investor.
@JamieYork28 күн бұрын
Can't wait mate!
@MrPersonalTrader28 күн бұрын
@@JamieYork 😍
@victorhristov57999 ай бұрын
Thank you! The last example (£200K property with £150 mortgage works like less than 4% return on investment. What in your experience is a good return? I think 10% is where we need to be give or take a little. I don't count possible increase of property value which is always welcome but that can go both ways. Cheers
@JamieYork9 ай бұрын
10% isn’t going to happen with current interest rates in a great area. I’m fine with 4% if it’s in a strong capital growth area as that’s where most of the money is made
@papuanewguineasmodelvillag91502 ай бұрын
You’re the best . Thanks so much
@TheSchulz215 ай бұрын
Great video and really succinct.
@JamieYork4 ай бұрын
Thanks :)
@Km7779110 ай бұрын
Thanks it was helpful … can you share which area to focus on for BTL as I am just starting Thanks
@JamieYork10 ай бұрын
Check out my 3 hotspots video (about a week ago)
@thevictortarfa60210 ай бұрын
Very Helpful. Thanks a lot.
@JamieYork10 ай бұрын
Glad it was helpful! Thanks for watching
@TheWinDoh4 ай бұрын
Hope you don't mind a question - currently remortgaged on a £300K house, my girlfriend recently has completed her house and so we have 2 houses. I have £180K left on my mortgage and it is in a city. I am thinking of renting my house out to live in hers. Is this recommended or maybe better to sell mine and port over? Thanks, awesome vid super easy to follow!
@rodolphodecastrorodrigues74574 ай бұрын
is it possible to pay for the property on the side using an interest only mortgage? Is it possible to send the lender everymonth an amount to pay for the principal of the property?
@RahimBah110 ай бұрын
Clear and concise breakdown of buy-to-let mortgages! Great job simplifying a complex topic. #FinancialEducation
@Thatsamorehouse10 ай бұрын
Really great information. Nice vocabulary 👏 👍
@JamieYork10 ай бұрын
Thank you! 😃Cheers for watching!
@rudrabarathan273710 ай бұрын
Brilliant video
@JamieYork10 ай бұрын
Cheers mate! Thanks for watching!
@RahimBah110 ай бұрын
Great breakdown! Clear and concise explanation of buy-to-let mortgages. 👍 #PropertyInvesting #RealEstate
@JamieYork10 ай бұрын
Glad you enjoyed it! Thanks for watching!
@RahimBah110 ай бұрын
@@JamieYork Yes, I enjoyed your video.
@vincentmoses977010 ай бұрын
Best as always
@JamieYork10 ай бұрын
Thank you so much 😀Thanks for watching!
@laurarobinson9173 ай бұрын
I have what my bank is calling a consumer buy to let, is that any different?
@viviianearaujo4 ай бұрын
Thanks a lot!
@rayheem201110 ай бұрын
Nice thank you
@JamieYork10 ай бұрын
No problem, thanks for watching!
@rudrabarathan273710 ай бұрын
Hi Buddy, can you please explain how to work out Yield! Many Thanks.
@Thai.Farang10 ай бұрын
Yield is the annual return on investment
@seanmallard311810 ай бұрын
First thing credit score and insurance on the property tripped me up the first time
@lilneets51418 ай бұрын
I want to buy my council property. £60k on Buy to let. I have 10k deposit. But I am unemployed, and on benifits. Do you think I would get a mortgage? I'm a full-time carer for a relative who I would go and live with. I don't want to lose my home, hence wanting to rent it out. Brill video! ❤
@matthewblainey15988 ай бұрын
Not a chance sorry to be so direct
@lilneets51418 ай бұрын
@matthewblainey1598 please could you explain why? Has I seen that the income from renting would pay for the mortgage.
@ArthurShelby-PB6 ай бұрын
I wouldn't say this was explained in simple terms. I managed to understand a few points from what you were saying
@JamieYork6 ай бұрын
Thanks for the feedback. I’ll try to make a more simple version
@georgerogers384010 ай бұрын
I am downloading landlord my next stage starts😊😊
@JamieYork10 ай бұрын
That's great! You'll love it!
@alantrickett96049 ай бұрын
Can I get an interest only BLT mortgage on my garage conversion if I have retired and living off my private pension.