Finally, someone that has fully explained bridging finance.
@YemiAwoyemi6 ай бұрын
Thank you for this video - first time I've seen bridging loans explained clearly and how (re) payments work in particular 🎉
@andyrooot6 ай бұрын
Thanks guys again for the content 👍🏽 Probably worth mentioning for the audience that the interest on a bridge does not have to be retained by the lender, it could also be “rolled or capitalised” where it’s added to the loan and paid off at the end or “serviced” where it’s paid off every month and I’ve used both options
@wisefactoring6 ай бұрын
Was going to say the same thing! Another enjoyable video though
@PropertyCouple6 ай бұрын
Awesome thank you Andy, we will be sure to mention these options in our next bridging video and credit you as that's super helpful for people to know.
@andyrooot6 ай бұрын
Cheers
@m77ast5 ай бұрын
Just gave this a like because this video was perfect. I must also say - its great seeing couples working and building together.
@MrsOgu746 ай бұрын
Thank you for explaining Bridging Loan clearly
@PropertyCouple6 ай бұрын
Glad it was helpful!
@thesamnorris2 ай бұрын
The best advice here is definitely to use a broker 💪🏻😉
@hadrienbouquet64504 ай бұрын
Great content thanks as usual 🙏 Would be interesting to have a video on the choice of acquiring a property with a company or directly !
@trinhn6 ай бұрын
Great video! The explaination of what a bridge loan is was wonderfully articulated. Keep it up, love your content!
@josephslack4261Ай бұрын
Do you pay the fee's before or when the loan is repaid ?
@Seefi_xx18 күн бұрын
How would I get into this without any experience or contacts? Isnt the bridging route dangerous?
@Me-ll4ig6 ай бұрын
Brilliant video guys. Are you essentially using the bridge to buy the property and renovate it or just renovate it ?
@PropertyCouple6 ай бұрын
Bridging to complete the purchase and renovate
@rudrabarathan27376 ай бұрын
I love you Guys! You both are brilliant.
@BartCee5 ай бұрын
Wow. Thanks for sharing this!
@PropertyCouple4 ай бұрын
Our pleasure!
@EdwinCoombes6 ай бұрын
Hi Guys, just a couple of questions, as they take the interest and fees upfront, do you need to borrow extra to account for this? Also, can you borrow money for a renovation as well? Thanks
@PropertyCouple6 ай бұрын
You need to ensure you have enough to cover what you need from a net perspective. You can borrow more if the numbers work eg if you’re able to repay the bridge in refinance.
@bcoleone16 ай бұрын
Can you please talk about development finance
@BrianAlt6 ай бұрын
I was looking to get a bridge loan to buy a new house before we sold our old house. I was told that bridge loans are almost non-existent at this point. I didn't ask about the possibility at $5M, though. So I went for a second mortgage which I will pay off when our old house sells. This is in the USA.
@donniebrooks216 ай бұрын
Interesting and not sure if they do that in the US. It would make sense if they did.
@odysseasv71386 ай бұрын
They must do so
@coolmonkey6195 ай бұрын
Are you from Bangladesh
@coolmonkey6195 ай бұрын
Whats your skincare
@napoleonthe14th482 ай бұрын
Like this, thank you.
@DowntownR6 ай бұрын
This is madness and frankly dangerous advice. Leveraging in a falling market with little capital growth is nonsense.
@lightcode13236 ай бұрын
Hence why it's imperative to do your due diligence and number crunching through n through ...of course its possible
@ssseeessseeessseee6 ай бұрын
Quick answer: don’t.
@jasonpatterson3652 ай бұрын
An informative breakdown 👍🏿
@MrBenchy355 ай бұрын
So a bridging loan can only be 75% of the purchase price so you still need to fund the other 25%… so no good if you don’t have that 25% deposit… this our current position :(
@ediz59356 ай бұрын
Is it possible to go from 1 to 10 investment properties in 5 years? And how much capital would i take to scale in this portefolio size?😊
@thesamnorris2 ай бұрын
Yes it is. The captial you will need will be down to the area and value of the properties. But, whether you have £100,000 or £1m you will run out eventually with normal BRR so it’s worth looking at ways to increase your cash, like flipping, to compliment this.
@thegreatstuff56235 ай бұрын
So on your first ever bridging deal, how much did you need to have upfront to secure the funding for the purchase of the property?
@gregpowell25 ай бұрын
In your example you borrow 75k to get to the 100k. But as you sed before you never see the full amount of the loan due to fees and them taking out there interest cost all upfront so now you don’t have enough you buy the house? How does that work?
@leodass6 ай бұрын
Wonderfully Explained. Thank You
@Carl-tv2ew2 ай бұрын
Great video so glad I've found you both, I'm now subscribed too.
@kumarkunde16Ай бұрын
Nicely made video. Super useful!
@nekoti.8-26 ай бұрын
Hi Lia and AK. Thanks for the information.
@haha45815 ай бұрын
6:18 0.80% x 82,500
@leodass6 ай бұрын
What kind of property can I buy with £60,000 in cash. Thank You
@MBHOMEIMPROVE6 ай бұрын
Why don’t you look on rightmove lol
@wisefactoring6 ай бұрын
A bridge could give you 75% loan to value, so as a quick example, a property costs say £240,000, you or your investor could put in £60,000 and get a bridge of £180,000 to do any renovation etc, before flipping it or putting a mortgage on it and pulling your cash out/paying back your bridging loan. So with £200k + you could buy what you want.
@odysseasv71386 ай бұрын
Another advantage is that bridging is the same as “cash buying” and can be used for negotiating, as speed can motivate sellers a lot!
@thesamnorris2 ай бұрын
This is a great point. As much as you’re not a cash buyer, I’ve beaten cash buyers with bridging for my clients so they are certainly quicker