Understanding Buy-to-Let MORTGAGES in Simple Terms

[@MathsByAsh]

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?

[@TheSchulz21]

Great video and really succinct.

[@JamieYork]

Thanks :)

[@RahimBah1]

Great breakdown! Clear and concise explanation of buy-to-let mortgages. 👍 #PropertyInvesting #RealEstate

[@JamieYork]

Glad you enjoyed it! Thanks for watching!

[@RahimBah1]

@@JamieYork Yes, I enjoyed your video.

[@RahimBah1]

Clear and concise breakdown of buy-to-let mortgages! Great job simplifying a complex topic. #FinancialEducation

[@viviianearaujo]

Thanks a lot!

[@Thatsamorehouse]

Really great information. Nice vocabulary 👏 👍

[@JamieYork]

Thank you! 😃Cheers for watching!

[@omo407]

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]

My understanding is the banks look at gross rental income.

[@mitchmonkey9063]

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

[@thevictortarfa602]

Very Helpful. Thanks a lot.

[@JamieYork]

Glad it was helpful! Thanks for watching

[@megaadidas98]

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?

[@seanmallard3118]

First thing credit score and insurance on the property tripped me up the first time

[@TheWinDoh]

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!

[@rayheem2011]

Nice thank you

[@JamieYork]

No problem, thanks for watching!

[@rudrabarathan2737]

Brilliant video

[@JamieYork]

Cheers mate! Thanks for watching!

[@nawal7721]

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?

[@victorhristov5799]

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]

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

[@vincentmoses9770]

Best as always

[@JamieYork]

Thank you so much 😀Thanks for watching!

[@Km77791]

Thanks it was helpful … can you share which area to focus on for BTL as I am just starting Thanks

[@JamieYork]

Check out my 3 hotspots video (about a week ago)

[@rodolphodecastrorodrigues7457]

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?

[@ArthurShelby-PB]

I wouldn't say this was explained in simple terms. I managed to understand a few points from what you were saying

[@JamieYork]

Thanks for the feedback. I’ll try to make a more simple version

[@LifestyleWithSofiaB]

Veryyyyyyyyy help

[@rudrabarathan2737]

Hi Buddy, can you please explain how to work out Yield! Many Thanks.

[@Thai.Farang]

Yield is the annual return on investment

[@laurarobinson917]

I have what my bank is calling a consumer buy to let, is that any different?

[@georgerogers3840]

I am downloading landlord my next stage starts😊😊

[@JamieYork]

That's great! You'll love it!

[@lilneets5141]

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]

Not a chance sorry to be so direct

[@lilneets5141]

@matthewblainey1598 please could you explain why? Has I seen that the income from renting would pay for the mortgage.

[@alantrickett9604]

Can I get an interest only BLT mortgage on my garage conversion if I have retired and living off my private pension.