How To Release EQUITY To Buy A SECOND PROPERTY | Property Investment UK

How To Release EQUITY To Buy A SECOND PROPERTY | Property Investment UK

Learn how to release equity from your home to invest in a second property in the UK.

🏠 Inside:

Equity release steps
Investment tips

Let me know your thoughts, comment below, any questions also post them below.

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[marklewis]

It's always interesting to see video's about house prices & strategies, however what you also have to consider is that you need rents to keep up with the equity that you want to release. If this doesn't happen you won't hit the affordability and hence can't release the finances to buy additional properties. This is never more true than today where interest rates have jumped and landlords are seeing their mortgage payments double.

[youtubeman]

With the interest rate high, the rent would have to be very high, best to wait to see if it comes down, or buy cash

[TomRyanElliott]

This is a great video! I bought my first B2L property and have a mortgage of £70k. I bought it at an auction and worked on the roof, kitchen, garden, and essentially the whole house. It's currently rented out, but I didn't think of speaking to the mortgage broker to bring out the deposit to buy a second one. As the value has gone up so much with everything in there being new, would you recommend still speaking to a broker?

[avishekghose]

What about the impact of stamp duty charges on B2L or second homes?

[jamesdoherty]

Is it not better to get a BTL repayment mortgage so you have a fully paid off assent in approximately 30 years' time and passive income that will not be deducted from further mortgage payments.
Also, with an interest only mortgage, don't you have to pay off the full amount of the mortgage off before the term ends?
I remember asking said questions to a property developer and got a riddle back.
Can you help with those two points please?

[rizwansuper]

Do the properties double in the price in Middlesbrough area because it seems like they are not going up as fast

[Avdarmaly]

But when I release money from my own property, numbers aren't that great. Look: property is worth 200k, outstanding mortgage 75k. So if I remortgage and get 75k for my next property, mortgage on my property will be around £1000 a month (5.5% interest). I use released 75k to buy a 250k property (£62500 deposit + £7500 stam duty + costs) and my interest only mortgage will become £860 a month (5.5% interest only). With rent £900. So effectively I won't have any cashflow untill either interests go down, or rents go up, or both. And all this in case everything goes smooth with tenants and nothing goes wrong with the property. So what's the point of doing all this? get as twice more debt only to have 0 extra income. Am I missing something?

[lorrainepacheco]

Thanks for the information but I feel like a nutter....is there a number where I can reach someone for help/advice as I haven't understood. Lost you at step two sadly.

[Nimaana]

Great video, this is the kind of stuff people are paying those so called "property gurus" thousands for their courses

[jdt]

Do you have your house in limited companies? Was trying to figure out if it was better to buy in your own name as equity release would be a loan therefore no tax but you would have to stomach the section 24 tax then. Or go Ltd and just pay the tax when you pay yourself?

[gamerabhi]

Is there anyway to swap the residential property to a limited company's name?

[i.c.]

Is this still possible or labour while trying to destroy england made it impossible?

[DJLalr]

Mate, i bought a freehold house in Bournemouth 16 years back for £145, 000 but it has not doubled yet - am selling it at £250, 000 today. Its crazy to say it doubles every 10 years - total nonsense And my house is not in a shity area. Location is 15 mins to beach and centrally located. Bought the house below market value when everything was selling at £180K, so got a bargain. Total nonsense to say doubles at every 10 years. That means should be more than £350K now, but its bollocks init....love your channel and contend but dont decieve people, mate.
Back then some plonka told me it doubles every 10 years, yeah right. I was a fool thinkin i would be doublin it and move off to spain or somewhere. I been waiting and waiting - it ain't doubled yet...and spain is getting expensive...

[sumom]

I have residential mortgage property I want to buy another property

[MultiSoly]

Critical asumption is made that if everything goes well.i.e interest rate.rental income. (It might sufficiently cover mortgage payments).10 years cycle is quite long time to wait for your second investment. It is not what you say in your video. I would expect more detailed videos.none savy investors mat take your advice seriously.

[davygeorge]

You shouldn’t be encouraging equality release in this market

[MakemoneyonlineWorkfromhome]

Can you recommend a buy to let mortgage?