BTL Financing???

andyyorks

silvercar wrote: »

If you reassessed the rent properly you may find that you could get 750 per month. If you really are at top rent, then you may be better selling, clearing the mortgage and investing the money elsewhere (different sort of property, different area or different investment group) as 4.4% gross yield is not good for the risk you are taking.

This is good advice on its own but the OP's BTL may be part of a balanced portfolio of investments which is generally considered a good investment strategy particularly in turbulent times. I don't know whether it is but I don't think the point is emphasised enough around here when the BTL questions come along.

Expanding the BTL investments at the moment though isn't really a good investment strategy either, time to sit, save and see what happens IMHO.

Bigun28

Folks - many thanks to those who gave good sound advice (I have thanked accordingly - no thanks to the 'shredders' though).

Just a point of note but I think some may have mis-read my origional input because I actually said ' .......maybe even further BTL options' and for the example I gave, I was trying to think of a generic 'worse case scenario' to try and understand the process of releaseing capital - hence the use of algebra with no real value figures quoted.

In the 10+ years I have been renting out various properties (in the past as my main residence, then of late as BTL options) I have never really looked at building a portfolio. Hence, never really looked at the option of releaseing capital. Only recently started to consider it but generally feel I would need to wait to see how market developes.

But again thanks to those who took the time to give everyone good guidance and advice etc.

andyyorks

Thanks for the update Randal, does make laugh how quickly some try to but the boot in whenever BTL appears in thread title!

ValuableYouth

Randle. We's donky investers, not 'Bi-To-Fret' investers. LOL :rotfl: .
But we hav the saim sort of problum. We borrud £12000 for 3 donkys.
In the end we fowned a bloke who will let us borra a bit mor muny for donkys as long as we givs im sum capitul. He sez he wants the lown securd with the livers of the donkys we already as. We said 'Yer', an he lowned us anotha 2k per donky. Looks like we lukked in. The originul donkys must now be wurth 6k each, an we're gunna by anotha two donkys with the 6k we just got on the liver capitul of the first investement. Gud lukk wiv gettin to bein a milliunair like wot we ar nearli.:j

dannyboycey

Randal wrote: »

Folks - many thanks to those who gave good sound advice (I have thanked accordingly - no thanks to the 'shredders' though).

Just a point of note but I think some may have mis-read my origional input because I actually said ' .......maybe even further BTL options' and for the example I gave, I was trying to think of a generic 'worse case scenario' to try and understand the process of releaseing capital - hence the use of algebra with no real value figures quoted.

In the 10+ years I have been renting out various properties (in the past as my main residence, then of late as BTL options) I have never really looked at building a portfolio. Hence, never really looked at the option of releaseing capital. Only recently started to consider it but generally feel I would need to wait to see how market developes.

But again thanks to those who took the time to give everyone good guidance and advice etc.

Releasing capital in the current climate? The two main options as I see it are remortgaging or selling up - and you are likely to get stung with both options. I'm not a 'shredder', I'm a realist.

brit1234

Release all your equity and buy as many properties as you can. Your make a killing. :rotfl: