APG - Want to become one of my investors? Do you have £100K ready to go? fill in your details here: Thanks! Go to www.aspirepropertygroup.co.uk/?KZbinOrganic and fill in your details!
@okunrin310 ай бұрын
APG
@neilbarrett82212 ай бұрын
Hi I have a small morgage of £78000 on my property that’s worth £349000 I’m a builder and want to start flipping property to build a portfolio but don’t know where to start as my assets are tied up in my property now! Would like to possibly release the equity to fund the flippers. Is this possible? Many Thanks
@mohmda444911 ай бұрын
All depends on your existing lender - a decent broker can help get this done. Watch out for fees and interest rates differing.
@JamieYork11 ай бұрын
Exactly!
@skinbeautyproducts19986 ай бұрын
Request for a Solicitor on the Lenders Panel, that was Gold ✨ Never heard that top tip before 🔥
@alexallen91726 ай бұрын
Would have been good to hear about other options to refinance rather than full remortgage - such as further advance, second charge etc. As some investors may be in 5 year fixed mortgages and have good rates secured
@SJ_LSF_95 ай бұрын
Recently found this guy and he is solid! Great vids, detailed break down, good stuff. I’m subbed
@JamieYork5 ай бұрын
Ah thanks man. Appreciate this
@chrispearson48454 ай бұрын
APG first time viewer looking for some advice…thanks for the video it was enjoyable 👏🏻👏🏻👏🏻
@JamieYork4 ай бұрын
Thanks! Would be great to work together! Head over to www.aspirepropertygroup.co.uk/?KZbinOrganic and fill in your details, and a member of my team will be in touch! 😊
@joesardari5443Ай бұрын
Getting a Second mortgage on a BTL property (from the same lender) is a better way of refinancing long term fixed mortgages as early repayment stair-casing is costly! Mine run side by side in one payment. Much easier
@karenferns616010 ай бұрын
Always such clear information Jamie .!! Really helps bavigating options .!!! Cheers. 🙌🤩
@JamieYork10 ай бұрын
Glad you think so! Thanks for watching!
@acech108911 ай бұрын
I have one property that I bought 6 years ago for 140k your standard boring vanilla btl as you call them😁 I went to my financial advisor a year ago as I wanted to refinance and draw money out to buy a new property he advised against it then I went to a second one I asked the same thing and he said "have you renovated or done any changes to the property?" I said no and he said no point, it wouldn't have gone up in value went back to my usual advisor he literally got a new mortgage for 180k my payments were a lot less with the equity staying in but why don't most financial advisors like to refinance the property unless you've done a renovation where does the appreciation in value go over the years?
@JamieYork11 ай бұрын
Eva use lost are not educated particularly well in property investments
@ColourTV2475 ай бұрын
First time viewer! Helpful this is. Subscribed!
@JamieYork5 ай бұрын
Welcome to the channel! Glad the content is helping!
@georgerogers38407 ай бұрын
This is my next step I'm going to start this week 😊 I am nervous😅
@JamieYork7 ай бұрын
You got this! Good luck! Look forward to hearing about your journey!
@nikkigreen557311 ай бұрын
Thank you for another great video!
@JamieYork11 ай бұрын
Thanks for watching!
@Harry_jtb11 ай бұрын
Great video, thank you Jamie. Down to earth and solid content! A few questions if that's okay: 1. When you come to refinance your property, how is the new value of the property derived? Do you have to pay for this and if so what's an average cost to do so? 2. When remortgaging, either to refinance or simply get a new mortgage, do you always want to prioritise the lowest monthly cost? Even if that means having a large product fee or legal fees? And is it always best to also have the product (mortgage) fee added to your mortgage in a BTL strategy? Thanks again :)
@bencraker7 ай бұрын
What banks allow your use the money for btl? As Nationwide state “Information: You can’t borrow more to raise money for a business or to buy land or a property that you wish to let out.”
@emilymaitlislaptop6 ай бұрын
Just discovered that Nationwide caveat today 😞
@syedahasan54945 ай бұрын
Excellent vlog. Very informative. Thank you for sharing.
@m.mahmed88832 ай бұрын
Thanks so much. Really useful information here.
@drlimeofficial8 ай бұрын
Love it. Well explained and great vibe. Might get in contact soon :)
@JamieYork8 ай бұрын
I’ll be waiting
@AlexBauldry11 ай бұрын
Starting to re Mortage my existing property now. Would be a good idea to know what sort of fees and expected lout pay comes with this.
@cerijones234111 ай бұрын
Hi, another great video! Two questions: (1) do you have to tell the finance company what you’re going to do with the capital following the remortgage? And if so, is it OK to say it’s going towards paying for another property? (2) if I buy a buy-to-let tomorrow and remortgage it several times over the next 20 years, when I sell it would I have to pay capital gains tax? Also would this be based on the capital made between 2023 and 2043, or just the capital made between “year of new mortgage” and 2043? Thanks!!
@mrsmith490311 ай бұрын
CGT on your profit ei. The difference between sell price and purchase price 20 years ago
@jamescaley994211 ай бұрын
They don't care, you could buy a ferrari. They only care they have your property as collateral and you can afford the payments.
@acxezknightnite13777 ай бұрын
I have refinanced before and there is a section of the form which asks why you’re borrowing more. I just said it was to purchase another BTL property and it all went through without a hitch! They never checked whether I actually did or not! Friends of mine did the same - refinanced and intended to buy another property, but then the crazy house price frenzy happened post-covid-19 so instead they put the money towards paying off their home!
@johnporcella23756 ай бұрын
You pay Capital Gains Tax on the total profit you make on properties that are not your main residence.
@claraboomday11 ай бұрын
I remortgaged back in 2007...the first year it gained 10% in value then came the crash in 2008 It's only just achieving its 2007 price now...I was in negative equity for 15 years. Beware!
@JamieYork11 ай бұрын
Where did you buy out of interest? Was it new build or existing?
@claraboomday11 ай бұрын
@@JamieYork Irvine in Ayrshire...the Detroit of the UK
@claraboomday11 ай бұрын
Existing..ex council
@adampickering19838 күн бұрын
I own my property and want to buy a new property to live in but would like to keep this one to rent out would I need to save up a deposit for my new home
@LifestyleWithSofiaB6 ай бұрын
Jamie Jamie I’ve lose out been doing this property business all wrong I’m gonna refinance all my mortgage free properties and buy more 😊
@Cartoonschannel242 ай бұрын
What do you mean by buildong a portfolio ? Buying the poroperties on a ltd company? Can you define and how to build a property portfolio ?
@JamieYork2 ай бұрын
Building a portfolio just means having multiple properties. Essentially becoming a professional property investor
@ChildofLightOfficial15 сағат бұрын
Hi Jamie not sure whether to remortgage with 50k equity release/deposit to buy 2nd home and original will be a buy to let. Been advised I can do this but mortgage payment on the new property would be double and the buy to let would pay itself (rent plus a few ££ extra for me) Is it beneficial to buy an additional property as a pension investment or sell and buy bigger/better area? Thank you
@DarrenNorris-cd7fp4 ай бұрын
APG
@JamieYork4 ай бұрын
Thanks! Would be great to work together! Head over to www.aspirepropertygroup.co.uk/?KZbinOrganic and fill in your details, and a member of my team will be in touch! 😊
@wch497211 ай бұрын
If the property is rented out with good rental income, does it need the landlord himself having a personal job income to approve a Btl mortgage?
@kamalhidayat40554 ай бұрын
Hello.I have a house which the value is £150k(£85k mortgage) and some savings.what can I do to buy a second studio flat to rent?thanks a lot for your help
@user-mf4xv3ih3h13 күн бұрын
Just watched your video, great content. This might sound like a very silly question, but if I refinance on my property could I then use that money to overpay on the same property if so are there any benefits to this?
@fraserp23775 ай бұрын
I am really struggling to see the value of this in 2024. I am a newbie to btl with about 300k in my house. It just feels like after interest, fees, tax and the mortgage repayment curve there's little to no money in it.
@matthewhunty11 ай бұрын
If you remortgage your own home. To purchase a buy to let. Is there anyway you can claim back the mortgage payments on your tax form.
@JamieYork11 ай бұрын
In a limited company yes :)
@achieto16102 күн бұрын
APG want to start BTL portfolio
@JamieYorkКүн бұрын
Thanks! Would be great to work together! Head over to www.aspirepropertygroup.co.uk/?KZbinOrganic and fill in your details, and a member of my team will be in touch! 😊
@carldrewett454210 ай бұрын
How do you take the money out if it's a ltd company
@Thebuilderinvestor11 ай бұрын
Any creative ideas mate how to remortgage your own residential home when your self employed and your income looks to be to low to take on the extra dept ? As you know got 200k sitting in there I wanna access and struggling. Only thing I can think of is selling and not sure the mrs would ho for this
@matthewhunty11 ай бұрын
Maybe you could rent one of the rooms out?
@rosettekengni14932 ай бұрын
I would like to have some training
@user-dd1rf2eu5y2 ай бұрын
Apt very inspiring
@JamieYork2 ай бұрын
APG did you mean?
@BarGuruSL27 күн бұрын
Apg
@JamieYork27 күн бұрын
Thanks! Would be great to work together! Head over to www.aspirepropertygroup.co.uk/?KZbinOrganic and fill in your details, and a member of my team will be in touch! 😊
@possle11 ай бұрын
I was under the impression that remortaging, to borrow more for a 2nd property wasnt an option Last time i looked i was told i cant borrow more on my more to go towards another property. Is this incorrect?
@JamieYork11 ай бұрын
Depends on the lender but most don’t have an opinion on what you do
@TyLeJackАй бұрын
Still not grasping this concept, my Mom owns her home fully, no mortgage. So if she were to do an equity release why would we need to pay this back. Why are we borrowing are own money ?
@marissakeynes2532Ай бұрын
Equity release as discussed in this video is for the purpose of buying a second property. So if ur mum is releasing equity she can only do it by taking out a mortgage which of course has to be paid back over a number of years. But I suspect what ur talking about is equity release which older people do where a company buys the property from them and allows them to live in it until they pass.
@TyLeJackАй бұрын
@@marissakeynes2532 so the house would pay the debt and be worthless at the point of sale. I wouldn’t mind that at all since I know what to do with the money. I was reading up lifetime mortgages
@marissakeynes2532Ай бұрын
@@TyLeJack Do ur research but I think those companies take advantage of elderly people and offer them less than what the property is worth.
@toyina113 ай бұрын
Hi can you recommend a broker to help with buy to let please.
@mayukhchakraborty46234 ай бұрын
If I were to remortgage to release cash, my monthly mortgage payments will increase. Is that not counterproductive ?
@JamieYork4 ай бұрын
Depends on the volume of money you can release and what you do with it! an extra £200pcm to get another property which generates £250pcm + capital growth is a win!
@jsadecki1Ай бұрын
So its better to remortgage instead of opening a new mortgage on another property because you WOULD tax on a new mortgage but not a remortgage? Or if you don't pay taxes on both then what would be the benefit of a remortgage? @JamieYork
@MrHuziman3 ай бұрын
Can you refinance on your property which still has unpaid help to buy debt on it?
@JamieYork3 ай бұрын
100%. You’ll need to pay that down if course
@GOLAMSARWAR-nt2gh4 ай бұрын
If i buy a house with 20% down payment and then can i get a loan against the same financed property? As (Loan against property)?
@dreamy66511 ай бұрын
Im still confused about remortgage process 😢 I just cannot understand it.. Watched so many videos 😢😢
@JamieYork11 ай бұрын
I’ll do a really simple one on my instagram for you :)
@dreamy66510 ай бұрын
@@JamieYork appreciate it 🙏😊
@dr.dhananjayroy94436 ай бұрын
Hi Jamie. I have got this property with recently having renewed my mortgage which is going to end in 2025. Rather than remortgaging which I can’t do until 2025 , do you reckon one can try getting loan against equity in the property and invest that in another property ? Thanks
@deependramaharjan43109 ай бұрын
Bought the property 5 years before @ 400k. Remaining mortgage is 290k. Fixed Interest rate coming to end after 6 months. Had some extension and renovation as per council permission. Property value is now 520K. If I want to remortgage for second property (buy to let) and everything is in place. How much equity I can release from the existing property?? Just a rough figure.. And most important question,is it true that to go for second property I should have 25% of the Value of second property (saving) into my account and SDLT as well. I mean if go for second property worth 400k I must have 100k Cash in my pocket for the deposit???(25% of 400k and SDLT) Please reply
@jame475718 күн бұрын
Hi. are you still doing this? the website isnt working.
@skinbeautyproducts19986 ай бұрын
So you pay £50k mortgage, plus the 5% of £2,500 per year?
@Jordan-lr4bi11 ай бұрын
Can you get a BTL mortgage for your company to buy your residential home in your name even if there is a residential mortgage on it already?
@jakeblair421511 ай бұрын
Doubt it, otherwise you would rent it to yourself and claim it down on your income tax
@milkyporridge592911 ай бұрын
You need to transfer it which may mean capital gains tax
@Proctors100011 ай бұрын
@@milkyporridge5929 if it's a Primary residence there shouldn't be CGT. I think for the OP it would mean selling to the company at market rate, paying off the owner mortgage and the company having the new mortgage. To continue living in the property would be a benefit in kind and taxable accordingly.
@WatchingTheo11 ай бұрын
I have a 430k BTL with 110k mortgage. I can only refinance and get an extra 50k out as equity because of the mortgage stress test on the rental income. Is there a way to avoid this stress test?
@jamesbeadle9311 ай бұрын
You using a high street bank directly? Barclays "stress test" told me i could only get £285,000 on my remortgage, and i would have to stump up cash to pay the deficit from my current mortgage......which is with them 🤣 Went to a broker and ended up with £50,000 equity in my bank and a new mortgage that is still more than affordable. shop around!
@tonyp58204 ай бұрын
What happens if the property is within a ltd company, can i get the money into my account tax free?
@asankaperera45406 ай бұрын
apg
@JamieYork6 ай бұрын
Thanks! Would be great to work together! Head over to www.aspirepropertygroup.co.uk/? and fill in your details, and a member of my team will be in touch! 😊
@taggthis11 ай бұрын
How long does it take to get equity out end to end roughly?
@acxezknightnite13777 ай бұрын
2-3 months
@MakemoneyonlineWorkfromhome7 ай бұрын
Hi Jamie, we have around 140 K equity in our house what would be the best way to release that our redemption date on the original mortgage is 2036 any advice appreciated
@JamieYork7 ай бұрын
2036 on the fixed part? If so check if there’s an early redemption by getting in touch with your bank. If there isn’t/the redemption is worth it, start the refinance and making sure there’s no restrictions from the lender on what you can use the money for
@MakemoneyonlineWorkfromhome7 ай бұрын
@@JamieYork will do appreciate the advice 🙏
@II-IJT-II6 ай бұрын
Is this similar to a HELOC? Heard that’s much better than re mortgaging?
@marcusjakes673011 ай бұрын
💪🏾
@kingjay4765 ай бұрын
This guy works for the banks. Do not listen to this advice
@kellysimes82384 ай бұрын
No he doesn’t!!
@sahilalam47987 ай бұрын
ab gujrat sarkar per case chalega??
@WalkerFilms1012 ай бұрын
APG
@JamieYork2 ай бұрын
Thanks! Would be great to work together! Head over to www.aspirepropertygroup.co.uk/?KZbinOrganic and fill in your details, and a member of my team will be in touch! 😊
@yakubao.ceesay966626 күн бұрын
Apg
@JamieYork24 күн бұрын
Thanks! Would be great to work together! Head over to www.aspirepropertygroup.co.uk/?KZbinOrganic and fill in your details, and a member of my team will be in touch! 😊
@mehulicious2 ай бұрын
APG
@JamieYork2 ай бұрын
Thanks! Would be great to work together! Head over to www.aspirepropertygroup.co.uk/?KZbinOrganic and fill in your details, and a member of my team will be in touch! 😊
@olgahchirimuta7437Ай бұрын
APG
@JamieYorkАй бұрын
Thanks! Would be great to work together! Head over to www.aspirepropertygroup.co.uk/?KZbinOrganic and fill in your details, and a member of my team will be in touch! 😊
@m.mahmed88832 ай бұрын
APG
@JamieYork2 ай бұрын
Looking forward to having a chat. Click on the link, download the guide and make sure to click the link to book in a call: www.aspirepropertygroup.co.uk/?KZbinOrganic
@troyhavenhand73423 ай бұрын
APG
@JamieYork3 ай бұрын
Thanks! Would be great to work together! Head over to www.aspirepropertygroup.co.uk/?KZbinOrganic and fill in your details, and a member of my team will be in touch! 😊
@aaronmullix86183 ай бұрын
APG
@JamieYork3 ай бұрын
Thanks! Would be great to work together! Head over to www.aspirepropertygroup.co.uk/?KZbinOrganic and fill in your details, and a member of my team will be in touch! 😊
@yogibearstech71453 ай бұрын
APG
@JamieYork3 ай бұрын
Thanks! Would be great to work together! Head over to www.aspirepropertygroup.co.uk/?KZbinOrganic and fill in your details, and a member of my team will be in touch! 😊
@Gujju-trader3 ай бұрын
APG
@JamieYork3 ай бұрын
Thanks! Would be great to work together! Head over to www.aspirepropertygroup.co.uk/?KZbinOrganic and fill in your details, and a member of my team will be in touch! 😊
@adamgreen38157 ай бұрын
APG
@JamieYork7 ай бұрын
Thanks! Would be great to work together! Head over to www.aspirepropertygroup.co.uk/? and fill in your details, and a member of my team will be in touch! 😊
@georgep198447 ай бұрын
APG
@JamieYork7 ай бұрын
Thanks! Would be great to work together! Head over to www.aspirepropertygroup.co.uk/? and fill in your details, and a member of my team will be in touch! 😊
@jamielawson38807 ай бұрын
APG
@JamieYork7 ай бұрын
Thanks! Would be great to work together! Head over to www.aspirepropertygroup.co.uk/? and fill in your details, and a member of my team will be in touch! 😊
@RobertTaylor-sf7ib4 ай бұрын
APG
@JamieYork4 ай бұрын
Thanks! Would be great to work together! Head over to www.aspirepropertygroup.co.uk/?KZbinOrganic and fill in your details, and a member of my team will be in touch! 😊
@ogdo92044 ай бұрын
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@JamieYork4 ай бұрын
Thanks! Would be great to work together! Head over to www.aspirepropertygroup.co.uk/?KZbinOrganic and fill in your details, and a member of my team will be in touch! 😊
@paulvincent9664 ай бұрын
APG
@JamieYork4 ай бұрын
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@MultiLondon123454 ай бұрын
APG
@JamieYork4 ай бұрын
Thanks! Would be great to work together! Head over to www.aspirepropertygroup.co.uk/?KZbinOrganic and fill in your details, and a member of my team will be in touch! 😊
@millyoduroАй бұрын
Apg
@JamieYorkАй бұрын
Thanks! Would be great to work together! Head over to www.aspirepropertygroup.co.uk/?KZbinOrganic and fill in your details, and a member of my team will be in touch! 😊
@tenerifeplantpower5 ай бұрын
APG
@JamieYork5 ай бұрын
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@stephano2k245 ай бұрын
APG
@JamieYork5 ай бұрын
Thanks! Would be great to work together! Head over to www.aspirepropertygroup.co.uk/?KZbinOrganic and fill in your details, and a member of my team will be in touch! 😊
@user-yj7sv6wr4l6 ай бұрын
APG
@JamieYork6 ай бұрын
Thanks! Would be great to work together! Head over to www.aspirepropertygroup.co.uk/? and fill in your details, and a member of my team will be in touch! 😊
@kumailnaqvi99886 ай бұрын
APG
@JamieYork6 ай бұрын
Thanks! Would be great to work together! Head over to www.aspirepropertygroup.co.uk/? and fill in your details, and a member of my team will be in touch! 😊
@ImranMalik-lk9ij7 ай бұрын
APG
@JamieYork7 ай бұрын
Thanks! Would be great to work together! Head over to www.aspirepropertygroup.co.uk/? and fill in your details, and a member of my team will be in touch! 😊
@woodenangel706111 ай бұрын
APG
@JamieYork11 ай бұрын
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@metigoldar159811 ай бұрын
APG
@JamieYork11 ай бұрын
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@clairgibson385711 ай бұрын
APG
@JamieYork11 ай бұрын
Thanks! Would be great to work together! Head over to www.aspirepropertygroup.co.uk/? and fill in your details, and a member of my team will be in touch! 😊
@davidbaxter467811 ай бұрын
APG
@JamieYork11 ай бұрын
Thanks! Would be great to work together! Head over to www.aspirepropertygroup.co.uk/? and fill in your details, and a member of my team will be in touch! 😊
@sergejspurins616111 ай бұрын
APG
@JamieYork11 ай бұрын
Thanks! Would be great to work together! Head over to www.aspirepropertygroup.co.uk/? and fill in your details, and a member of my team will be in touch! 😊
@ThePastorBIGjoe11 ай бұрын
APG
@JamieYork11 ай бұрын
Thanks! Would be great to work together! Head over to www.aspirepropertygroup.co.uk/? and fill in your details, and a member of my team will be in touch! 😊
@husenahmed75153 ай бұрын
Apg
@JamieYork3 ай бұрын
Thanks! Would be great to work together! Head over to www.aspirepropertygroup.co.uk/?KZbinOrganic and fill in your details, and a member of my team will be in touch! 😊
@adrianmcateer11 ай бұрын
APG
@JamieYork11 ай бұрын
Thanks! Would be great to work together! Head over to www.aspirepropertygroup.co.uk/? and fill in your details, and a member of my team will be in touch! 😊
@adrianmcateer11 ай бұрын
@@JamieYork all now done and filled in 👍
@daniellegreatorex51664 ай бұрын
Apg
@JamieYork4 ай бұрын
Thanks! Would be great to work together! Head over to www.aspirepropertygroup.co.uk/?KZbinOrganic and fill in your details, and a member of my team will be in touch! 😊
@user-mn3yv3db5s5 ай бұрын
Apg
@JamieYork5 ай бұрын
Thanks! Would be great to work together! Head over to www.aspirepropertygroup.co.uk/?KZbinOrganic and fill in your details, and a member of my team will be in touch! 😊
@rekhaanthony80505 ай бұрын
Apg
@JamieYork5 ай бұрын
Thanks! Would be great to work together! Head over to www.aspirepropertygroup.co.uk/?KZbinOrganic and fill in your details, and a member of my team will be in touch! 😊
@user-mk8wy5oo7r8 ай бұрын
Apg
@JamieYork8 ай бұрын
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@eduardoandrade29686 ай бұрын
APG
@JamieYork6 ай бұрын
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@Ginabeeeee10 ай бұрын
APG
@JamieYork10 ай бұрын
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@picko755111 ай бұрын
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@JamieYork11 ай бұрын
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@oliverjamesjohnson11 ай бұрын
APG
@JamieYork11 ай бұрын
Thanks! Would be great to work together! Head over to www.aspirepropertygroup.co.uk/? and fill in your details, and a member of my team will be in touch! 😊