The obvious way to purchase an investment property is a buy-to-let mortgage.  This is great if you’re building a property portfolio and intend to have a mortgage for a long period and pay it off over time.  

However, some investors aren’t buying to let, they may have a buy-to-sell strategy or buy to convert to alternative use – for instance to an HMO, commercial...

When a property is unmortgageable that rules out everyone who hasn’t got a big wad of cash to buy it outright.  In any case, who would buy an unmortgageable property? Doesn’t that mean it’s a lemon?

No, unmortgageable properties can have substantial profits locked inside the front door!

The problem is that mortgage lenders are conservative and keenly focused on only...

THE QUESTION

Has anyone had an experience of lenders not accepting property because of lack of acceptable NHBC certifications?  The house was originally a bungalow and has now been extended extensively.

Four lenders have confirmed they will not touch it.  As the property is classed as an initial occupancy, it has been altered, extended and refurbished and is being sold for the first...

When you’ve found a property you want you’re not going to pay top dollar – especially if there are good reasons to get the price down.  To do this successfully you need to learn smart negotiation skills.

The Negotiation Transformer model uses Powerful Positioning to guide you through the negotiation process successfully.  It uses the acronym SPEECH to help you...

I teach people smart funding and that means understanding how to use bridging finance to make more money.  The trouble is that as soon as I mention bridging there is almost always a sharp intake of breath!  This is usually followed by the words “Oh, that’s expensive, isn’t it?”

If you’re planning to use bridging to finance your main residence, yes it...

THE QUESTION

Has anyone managed to get a mortgage on an ex- local council concrete-built block?   I own a flat in one of these in London and I managed to get a mortgage when first purchased, but I am now struggling to remortgage it. 

THE ANSWER

Historically, lenders have had issues with lending on high rise ex-council concrete blocks.  It is less about which floor the actual...

When I teach Ninja Investors the secrets of funding their investments intelligently there are a series of steps and Inspired Funding is the first of these.  I created the Fast Funding Formula and it’s based on two concepts:

1. Bridging finance is the key to a change of mind-set
2. Lack of provable income and/or a poor credit history are not a barrier to borrowing, nor is lack of access to...

You’ve bought a property and refurbed it and now you’re ready to refinance at it’s higher value and get as much of your money out as possible.  Then you can move on to the next deal.

The problem is you have to convince the mortgage lender’s surveyor that your property has escalated in value.  The surveyor will look at what you paid for it – regardless of...

My interest in property started when my mother bought me a book about property as a birthday present; it was called Property Renovation Profits.  It’s a gift that changed my life. I read the book and I did what it said in the pages. I followed the instructions to a tee: I bought property, renovated it, and sold it for a profit.  Then I was fired up enough to do it again. 

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THE QUESTION

I’ve been offered a house well under market value, but it has a tenant who has lived there since 1992 on a regulated tenancy.  She is only paying £225 rent per month, if I bought the property would I be able to evict her or not?

THE ANSWER

The regulated tenancy could not have started in 1992 because the last date for legally commencing such a tenancy was 31st...