Refinancing

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Ed Syrett
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Dear All,

I'm reading more and more about the buy-to-let market increasing because landlords can more easily access mortgages etc.

I have purchased outright one of my properties for 125k, and pretty much most of the rent goes into my pocket apart from a few maintenance bits and pieces. In other words, I haven't got a mortgage on the property.

How do you all do this? Do you mostly get a btl mortgage to finance the house purchases? If so, presumably you're on a much lower profit margin that I am, but you're relying on the value of property increasing?

I was just thinking that I could probably raise 80k on my property and put that towards another property?

Any comments/advise welcomed.

Thanks,

Ed.
28/08/2013 12:31

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