Best Buy-to-Let product

DaveRammo

Does anyone know which mortgage lenders provide the best buy-to-let mortgage?

Has anyone done Buy-to-let in Wales? Saw the BBC report the other day saying that house prices were "bucking the recent trend".

Rammo

bjmaca

DaveRammo,

Alliance and Lester have just released a new product. Not a bad rate either only hot off the press yesterday. i am off to my mortgage broker now to sign the docs.

PM me if I can help.

BJMACA

Jay_Hoe

Why is anyone considering buying to let at this point!

What is your expected yield?

DaveRammo

BJMACA, cheers for that. I've been perusing through the net and I'll certainly look at what Aliiance and Leicester have got to offer.

Jay_Hoe, my expected yields are 10%+. With full respect to your comments, it's the naive investors who are in for the quick buck who will lose out! The buy-to-let product is a long term investment and I anticipate the lows.

If you do your full research, view the local economic factors and capital growth of the area, then you've done all you can. Stop reading the tabloids and do your own research!

Rammo

MarkyMarkD

BJMACA, cheers for that. I've been perusing through the net and I'll certainly look at what Aliiance and Leicester have got to offer.

Jay_Hoe, my expected yields are 10%+. With full respect to your comments, it's the naive investors who are in for the quick buck who will lose out! The buy-to-let product is a long term investment and I anticipate the lows.

A&L don't do buy-to-let.

Wow at the 10% yield - well done! I'm buying BTL in Wales and getting 7.2% and I thought that was good. Whereabouts?

DaveRammo

Hey MarkyMarkD,

This is an interesting read from the Scotsman: http://property.scotsman.com/news.cfm?id=1283442004

I never realised that many people were considering buy-to-let! It makes the whole prospect of BTL a whole lot more daunting!

As for the 10%+ yields, I am doing it through a professional company called propertyhotspots.net and buytolethotspots.com. I mentioned a discount code in a previous thread for propertyhotspots.net

Unfortunately, I'm unable to tell you exactly where I'm investing as I've subscribed and paid for that kind of information! Sorry! But I will tell you that it's somewhere in Scotland.

I am intrigued by investing in Wales and will speak to the guys at propertyhotspots.net to see what they think. Good luck on your investment in Wales.

Rammo

dougk_2

Jay-Hoe,

Whether or not you believe all the reports (I don't as they are a generalisation and things vary from region to region and on different types of houses), this report suggests the so-called drop in house prices is having the opposite effect on rentals.

http://uk.news.yahoo.com/041111/344/f6ex0.html

I guess that if some people decide to sell and bank the money waiting for house prices to drop (not a clever move IMHO because nobody knows for sure what is happening) then demand for rental properties will increase!

There are too many if's and but's to consider really - so I guess you have to go with what you think will happen.

Personally converting a property that you have to BTL could be a good move (or if you have a big house - rent a room to a lodger!).

moneysavinmonkey

DaveRammo wrote: »

Has anyone done Buy-to-let in Wales? Saw the BBC report the other day saying that house prices were bucking the recent trend.

Rammo

DaveRammo wrote: »

If you do your full research, view the local economic factors and capital growth of the area, then you've done all you can. Stop reading the tabloids* and do your own research!

LOL! Never seen someone post a question and then offer themselves advice in the same thread :rotfl:



* or VI press releases/aka BBC news story

theGrinch

DaveRammo wrote: »

Hey MarkyMarkD,

As for the 10%+ yields, I am doing it through a professional company called propertyhotspots.net and buytolethotspots.com. I mentioned a discount code in a previous thread for propertyhotspots.net



Rammo

i dont mean to rain on your parade but there are a few clouds over the company running those sites and their associates.

see https://www.singingpig.com

there is no evidence of carelessness etc, but a lack of delivery.

tr3mor

DaveRammo wrote: »

As for the 10%+ yields, I am doing it through a professional company called propertyhotspots.net and buytolethotspots.com. I mentioned a discount code in a previous thread for propertyhotspots.net

If it sounds too good to be true... :rolleyes:

carolt

Have you ever thought that possibly, just possibly, if BTL in these 'secret' property hot-spots was such a good idea,these companies would be investing in them themselves rather than trying to find some greater mug ie you to 'invest' in it for them?

Just wondering.......