Understanding Buy-to-Let MORTGAGES in Simple Terms

  Рет қаралды 20,681

Jamie York

Jamie York

Күн бұрын

Пікірлер
@MathsByAsh
@MathsByAsh 10 ай бұрын
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?
@omo407
@omo407 10 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
@akumar7366
@akumar7366 10 ай бұрын
My understanding is the banks look at gross rental income.
@mitchmonkey9063
@mitchmonkey9063 9 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
@megaadidas98
@megaadidas98 10 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?
@nawal7721
@nawal7721 9 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?
@MrPersonalTrader
@MrPersonalTrader Ай бұрын
I appreciate it you explained very well and it was amazing,one day we will meet as a big investor.
@JamieYork
@JamieYork 28 күн бұрын
Can't wait mate!
@MrPersonalTrader
@MrPersonalTrader 28 күн бұрын
@@JamieYork 😍
@victorhristov5799
@victorhristov5799 9 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
@JamieYork
@JamieYork 9 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
@papuanewguineasmodelvillag9150
@papuanewguineasmodelvillag9150 2 ай бұрын
You’re the best . Thanks so much
@TheSchulz21
@TheSchulz21 5 ай бұрын
Great video and really succinct.
@JamieYork
@JamieYork 4 ай бұрын
Thanks :)
@Km77791
@Km77791 10 ай бұрын
Thanks it was helpful … can you share which area to focus on for BTL as I am just starting Thanks
@JamieYork
@JamieYork 10 ай бұрын
Check out my 3 hotspots video (about a week ago)
@thevictortarfa602
@thevictortarfa602 10 ай бұрын
Very Helpful. Thanks a lot.
@JamieYork
@JamieYork 10 ай бұрын
Glad it was helpful! Thanks for watching
@TheWinDoh
@TheWinDoh 4 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!
@rodolphodecastrorodrigues7457
@rodolphodecastrorodrigues7457 4 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?
@RahimBah1
@RahimBah1 10 ай бұрын
Clear and concise breakdown of buy-to-let mortgages! Great job simplifying a complex topic. #FinancialEducation
@Thatsamorehouse
@Thatsamorehouse 10 ай бұрын
Really great information. Nice vocabulary 👏 👍
@JamieYork
@JamieYork 10 ай бұрын
Thank you! 😃Cheers for watching!
@rudrabarathan2737
@rudrabarathan2737 10 ай бұрын
Brilliant video
@JamieYork
@JamieYork 10 ай бұрын
Cheers mate! Thanks for watching!
@RahimBah1
@RahimBah1 10 ай бұрын
Great breakdown! Clear and concise explanation of buy-to-let mortgages. 👍 #PropertyInvesting #RealEstate
@JamieYork
@JamieYork 10 ай бұрын
Glad you enjoyed it! Thanks for watching!
@RahimBah1
@RahimBah1 10 ай бұрын
@@JamieYork Yes, I enjoyed your video.
@vincentmoses9770
@vincentmoses9770 10 ай бұрын
Best as always
@JamieYork
@JamieYork 10 ай бұрын
Thank you so much 😀Thanks for watching!
@laurarobinson917
@laurarobinson917 3 ай бұрын
I have what my bank is calling a consumer buy to let, is that any different?
@viviianearaujo
@viviianearaujo 4 ай бұрын
Thanks a lot!
@rayheem2011
@rayheem2011 10 ай бұрын
Nice thank you
@JamieYork
@JamieYork 10 ай бұрын
No problem, thanks for watching!
@rudrabarathan2737
@rudrabarathan2737 10 ай бұрын
Hi Buddy, can you please explain how to work out Yield! Many Thanks.
@Thai.Farang
@Thai.Farang 10 ай бұрын
Yield is the annual return on investment
@seanmallard3118
@seanmallard3118 10 ай бұрын
First thing credit score and insurance on the property tripped me up the first time
@lilneets5141
@lilneets5141 8 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! ❤
@matthewblainey1598
@matthewblainey1598 8 ай бұрын
Not a chance sorry to be so direct
@lilneets5141
@lilneets5141 8 ай бұрын
@matthewblainey1598 please could you explain why? Has I seen that the income from renting would pay for the mortgage.
@ArthurShelby-PB
@ArthurShelby-PB 6 ай бұрын
I wouldn't say this was explained in simple terms. I managed to understand a few points from what you were saying
@JamieYork
@JamieYork 6 ай бұрын
Thanks for the feedback. I’ll try to make a more simple version
@georgerogers3840
@georgerogers3840 10 ай бұрын
I am downloading landlord my next stage starts😊😊
@JamieYork
@JamieYork 10 ай бұрын
That's great! You'll love it!
@alantrickett9604
@alantrickett9604 9 ай бұрын
Can I get an interest only BLT mortgage on my garage conversion if I have retired and living off my private pension.
@LifestyleWithSofiaB
@LifestyleWithSofiaB 10 ай бұрын
Veryyyyyyyyy help
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