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would anyone still buy btl at 7-7.5% yield?
Comments
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"" In a rising housing market, one can get away with borrowing costs exceeding income.""
a lender will not lend funds if the borrowing costs exceed income - dont be naive.
Most lenders historically insisted that rent was 130% of mortgage payments, altho there are some 100% products available - which i consider astonishingly risky.0 -
"" In a rising housing market, one can get away with borrowing costs exceeding income.""
a lender will not lend funds if the borrowing costs exceed income - dont be naive.
Most lenders historically insisted that rent was 130% of mortgage payments, altho there are some 100% products available - which i consider astonishingly risky.
Er, not true. People do subsidise their BTL portfolios from earned income. I know several who are doing this very thing. Admittedly it would be difficult to raise a loan on that basis today. People can get round the problem by putting in large chunks of cash. But if the net yield is less than 6% however, what is the point.0
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