08.02.2019

"I want to get into properties"

"I want to get into properties"

We all hear the comment in everyday life, whether it's on the train/ restaurant or just out with friends discussing life. "I want to start doing properties" We've all heard it at some point. But what does "doing properties" actually mean and will the banks lend to you, simplified?

Buy to let - experience needed, none, as long as you have a reasonable deposit or if you acquire the property at below market value with equity within the property.
(Reasonable credit history)

HMO - experience needed, none, if you have a reasonable deposit or if you acquire the property at below market value with equity within the property. Licence may be required depending on authority regulations.
(Reasonable credit history)

Flipping - You may need experience in this or a strong deposit as you may come unstuck on some oversights.
Please note if you are looking to sell in short league time you may be charged an exit fee from your lender.
(Good credit history)

Airbnb – A reasonable property CV and a reasonable deposit or if you acquire the property at below market value with equity within the property. Licence may be required depending on authority regulations.
(Good credit history)

Development – a good track record in development, great exit plan, depending on experience depending on Loan to Value % and interest rates.
(Good credit history)

All banks have risk mandates which is individual to each lender.  But more often that not we will find a lender which will lend to you.

Start small and grow.
  • Commercial Property
  • Buy To Let
  • Property Aquisitions
  • buy to let equity release
  • HMO

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