Build a Portfolio with Mortgages

Use buy-to-let investment mortgages to build an investment portfolio of many properties over a period of time. Buying each property cash first and then re-mortgaging 6 months or more later, to release 75% of the value, is better than using upfront mortgages. It is easier, quicker, cheaper and more likely to be successful for all the reasons listed below. We no longer sell with up-front mortgages as these take a long time to process and success rates are lower.

INTEREST RATES – Interest Rates are now higher and rising further. Buying Cash first, keeps your options open and allows you to re-mortgage later, if you wish, once rates are stable and long-term costs are known.

General Facts About Mortgages

Please watch this video for general information about mortgages. Also watch the main property video at top of the home page of our website. This mortgage video mentions upfront mortgages but we now use a process whereby clients buy cash first and then re-mortgage 6 months later. Please see below.

How to build a portfolio

Buy any Property CASH (e.g. Type H3 at £76,999)
Start getting rental income immediately (£4,620 for H3)
Wait at least 6 months (mortgage rules)
Use our Re-mortgage package below to release about 75% of value (e.g. £57,000)
Add £23,000+ (from rent and own savings) and buy another property Cash.
Then Repeat

Re-Mortgage Offer

If the re-mortgage is used to buy another property from us, then the re-mortgage costs of £3,000 are credited – so the re-mortgage process costs you nothing. See more details on our re-mortgage package for existing clients.

Extra Property Every 1 to 2 Years?

On average, depending on how much they save each year, and the type of properties they buy, many investors can acquire an extra property each year. Thus ending up with 10 houses in 10 years. All acquired passively with guaranteed long-term income, no costs, and no repairs or tenant issues. If the properties acquired are larger, then the funds at each step are larger than example above.

Larger Properties Better

Whilst re-mortgages are available for all of our properties, the larger properties in the range are easier to mortgage. This is because some lenders state properties must be more than £75,000 value. Buying larger properties, H3 or above, gives you access to all the lenders.

Cash needed for each additional property

This table opposite shows the minimum amount of savings you will need for each extra property purchase (assuming you are buying the same type of property as you have re-mortgaged). Of course you can mix and match property types and it is good to have a diversified portfolio. We can work individual forecasts for you at time of your purchase.

Upfront Mortgages

We no longer offer upfront mortgages as these mortgages take a long time to process (4 times longer than cash sales) and we cannot hold properties for such long periods as demand from cash buyers is higher than supply. If you do not have at least around £70,000 in cash to buy the first property, unfortunately you cannot use our mortgage system.

Why its better to buy first and then re-mortgage:-

You can get a better mortgage deal with lower interest rate and higher loan due to access to wider range of lenders
Mortgage is more likely to be successful – Criteria are less strict
You have access to wider range of properties – re-mortgages are possible even on lower cost properties.
Cash sales are twice as quick – You become owner within 2 month of reservation, whereas with mortgage sales it can take over 4 months
If you use our Re-mortgage package and later use the released funds to buy another property from us, then the re-mortgage costs are FREE. So overall this method ends up being cheaper.

Buy a property now & get process started – Complete the Enquiry Form below.

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This video is a sumary of how to buy and manage investment properties – passively

RE-MORTGAGE PACKAGE

Our re-mortgage package is presently only available to clients who have purchased a property from us and have owned it for at least 6 months. Thus, if you buy an investment property from us or own an investment property currently managed by us, then we can help you re-mortgage it with our buy-to-let re-mortgage package. We organise everything and help clients deal with and pay for independent mortgage services, solicitors and surveyors appointed by lenders – with an agreed fixed total cost of £3,000 which can be paid via the client account.

RE-MORTGAGE OFFER

If you use the re-mortgage funds to buy another property from us, then we will credit you £3,000 – so in such a case, the re-mortgage is effectively FREE

STEPS IN PROCESS

Contact us and order Re-mortgage Package
Make £3,000 payment to Client Account.
Mortgage Broker will make mortgage application & get approval
Solicitors will complete the re-mortgage
The mortgage funds will be paid to you by solicitors
If you purchase another property from us, linked to the re-mortgage, we will credit you £3,000

MORTGAGE BROKERS

Mortgage brokers have access to the entire market and work with you, to obtain the best re-mortgage deal for you. Not all lenders work with such low cost properties and our recommended brokers understand this market well, and are more successful in getting the best deals and faster completions for clients.

Access to almost all lenders in UK
Match criteria (client & property) to best lender
Rates vary from under 3,5% to over 4.5%
Loans vary from 65% to over 75% of value

COSTS & FEES – FIXED £3,000

For our Re-Mortgage Package, we fix costs at £3,000 for Everything below. This is lower than normal average costs in market for everything below.

Mortgage Broker Fees (Avg. £800 +VAT)
Mortgage Valuation (Avg. £300 +VAT)
Mortgage Booking Fee (Avg. £200)
Mortgage Conveyancing Fees (£500 +VAT)
Solicitors Fees (£500 + VAT)
Searches & Land Registry (Avg. £500)
Any additional insurance required by lender
All other admin costs including getting all the compliance documents ready.

TOTAL individual costs in market – Over £4,000. We subside the fees paid on your behalf – so you pay Just £3,000 fixed in Total. Plus this whole £3,000 is credited to you if you use the re-mortgage funds to buy another properyt from us.

RE-MORTGAGE GUARANTEE

The £3,000 Fee is Refunded 100% if Re-Mortgage is not approved.

Re-mortgage your investment property to release funds. Use the funds to buy another property from us and get £3,000.

Get Free Advice from Senior Property Specialists

Get free advice on your needs from an experienced property specialist. Simply click here and complete the email and enquiry form and ask your sales consultant to arrange a video meeting with one of our senior staff. You will be able to see them and ask all questions directly.

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They will listen to you to understand your current and long term needs. They will answer all of your questions in full, and just give you the most appropriate advice – they will not try to sell to you. It is best to watch the Main Video first before the meeting.

Low cost property prices are now rising in the UK.

Prices for low cost properties away from London (under £100,000)– traditionally the best for rental yields fell from 2007 to 2010 due to worldwide financial crisis. These are now rising in line with economic recovery. Historically, on average, property prices have doubled in value every 10 to 11 years for the past 60 years. Whilst no-one can predict the future, our expectation is that the previous trend will continue and prices are expected to more than double in the next 10 to 11 years.

“We wanted a hands off investment knowing that everything was being taken care of.”
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North East is now the best area for Investment Property

Gross Rental Yield is the total annual rent divided by the value of the property expressed as a percentage. Example – If you buy a property for £100,000 and get £8,000 rent per year. Then the gross rental yield is 8%. The map below shows the gross rental yields % on houses in different areas of the UK. Gross Rental Yield varies greatly depending on rental demand and property pricing in each area. You can see that the North East (and alos North West) of England deliver the best gross rental yields as property prices are still very low. We specialise in 28 areas in the North. Majority are in the North East located in towns north of Leeds – such as Middlesbrough, Stockton, Darlington, Hartlepool, Teesside, Durham County (TS, DL and DH post codes). We also have Type H2L, H3L, H4L and H5L houses in the North West, mainly in the Lancashire towns north of Manchester, and prices on these are £8,000 to £10,000 higher than the prices shown. (rents on these are also correspondingly higher).

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“I have recommended Find UK Property to a number of friends – two of whom have purchased”

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Brexit has had no significant effects on property market.

Brexit has not had any major effect on property prices. The uncertainty surrounding Brexit had somewhat slowed down the market in and near London, which is more dependent on the links with Europe. Investors have been switching to lower cost property away from London. Thus prices of lower cost houses away from London are expected to do well and we are already seeing this

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“Last year I purchased another property and now I will be buying my third property”
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Houses are better than leasehold apartments and student pods for long term investment

Full houses are better for long term investment as most apartments and student pods tend to be leasehold and do not grow in capital value over the long term. Student pods, hotel rooms, rooms in residential homes, and serviced apartments are difficult to resell as they can only be resold to another investor. See Section 1 of the Main Video for full explanation.

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“I am very happy and wish I had bought properties from Find UK Property many years ago.”

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Our customers are from all over the World

Around half of our clients are UK nationals living abroad (expats).Others are busy professionals from London and the South or are overseas nationals from all over the world including USA, Europe, Australia, Middle East, China, Africa, Canada, India and South Asia. Please click the brochure link or complete the Contact Us page for further information.

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“2 years later, I purchased another property and am hoping to buy one more next year.”
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We follow the TSI Approved Code

The Trading Standards Institute has approved the code of practice we follow, which is run by The Property Ombudsman. Where a business displays this logo, customers can have the confidence of knowing that they will be dealing with a company that has undertaken to treat them fairly if problems arise, and deliver customer service standards that go beyond minimum legal requirements.

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“I had no concerns as company was recommended by my friend, a longstanding happy customer”

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Find UK Property are the UK’s Leading Specialists for Overseas Buyers

Many overseas buyers have links with the UK and wish to invest in the UK for a wide range of reasons (pure investment for income and growth, holiday use, university accommodation for their children. Long term security of assets, future pure own use for retirement, or simply to give themselves options for the future.) Almost in all cases it is best to acquire one or more pure investment properties that grow in value, give good income now and offer flexible options for the future.

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Leave your own property rented out all of the time and keep the rental income in the UK and use this rental income to pay for your holidays, children’s studies or rented accommodation for your own use. The investment property can then be purchased for the best yields, price and investment returns – and not necessarily in areas you need to live in (which are often near London or the South).