Cornwall Property Podcast

How do I deal with mortgage payments going up?


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Episode 43: Ask Dan & James

This week Dan and James answer two more listener questions.

Our first question is from Scott in Hayle who asks, "Thank you for all the great content you guys are sharing on the podcast. I really enjoy listening and learning from you both. You are really inspiring me to get involved and make my first investment into the buy to let world. With this in mind, I have a question that may sound really silly but I wanted to ask it anyway. If I use investors money to buy a property for BRR, do I also need a deposit to get the buy to let mortgage on it or do I just leave 25% of the equity in instead of a deposit (for the re-mortgage that is)? In other words, would they lend me 75% of the done up value of the property without any deposit at all? Thank you very much for any help you can give."


Next up we have a question from Steve in Liskard who asks: My Tenant has been in my Buy to let property for 5 years now. My 5 year fixed mortgage is coming to and end in December. The rates are obviously higher with everything going on currently and as a result, my mortgage payments are now £150 more expensive. Should I simply put the rent up? I fear they might not be able to afford it and move out and then I would have a empty property on my hands?

Tune in to find out what Dan & James had to say.

Do you have a buy-to-let or property investment related question for Dan & James? You could feature on the next episode by getting in touch via our website at www.cornwallpropertypodcast.com or messaging via the Cornwall Property Podcast Facebook page @cornwallpropertypodcast

You can also get in touch with us via email [email protected]

The next question on Ask Dan & James could be yours.

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