How To Use Equity To Buy Investment Property | Property Investing | Mortgage Finance / Refinance

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How to use equity finance (Refinance) to buy investment property
DOWNLOAD FREE CHECKLIST: yourfirstfourhouses.com/
Equity is the difference between what your property is worth MINUS your mortgage and in today's, I talk through how you can use that equity to buy investment property (Real Estate).
If you want to learn how to invest in property, or if you want to build a property portfolio of you own, be sure to download the above property investing checklist, because in there I give you a detailed list of everything I think you need to consider BEFORE buying that first investment property.
You are also welcome to download my FREE list of every property related website tool and app you'll need in your property business here: goo.gl/qtvdQb
If you're thinking of releasing the equity from your property to buy an investment property, I would love to hear from you in the comments section below
LOVE "YOUR FIRST FOUR HOUSES" AND WANT SOME NEXT STEPS?...
1) SUBSCRIBE: for weekly UK property investing tips and tricks!
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2) CHEAT SHEETS: Download your (free) "Property Checklist" and "Refurb Datasheets"
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3) FREE MINI COURSE: Teaches you the 3 strategies that enabled Lianna and I to become financially free through property, starting with very little money
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4) BOOK A 121 COACHING CALL: Whether you're new to property, or an old hand, our 45min coaching calls pack a real punch. Click the link to find out more.
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Here's to your success... Tony Law | Your First Four Houses

Опубликовано:

9 авг 2017

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Комментарии : 482

@margaretboukadia9992 7 лет назад

Great advice and very.helpful. Thank you so much. Will definitely use your checklist

@YourFirstFourHouses 7 лет назад

Thanks Margaret - I'm delighted you found it helpful 😃

@Waisterezai 4 года назад

Thank you Tony, it has been really helpful including your 50 point check list.

@YourFirstFourHouses 4 года назад

My pleasure 😃

@user-xz3wt8vl8c 7 лет назад

All your videos are brilliant. Thanks mate

@YourFirstFourHouses 7 лет назад

Hi Callum - thanks a lot my friend - very much appreciated :-)

@amarvirsingh-bal1883 3 года назад

Yes yes and yes - perfect content. Very succinct and straight to the point.

@YourFirstFourHouses 3 года назад

Wow! Thank you so much! 😃😃😃

@deejones7681 Год назад

Many years later I'm one of your long term Tenants whom put a roof over are head still with you .wish I had your advice 15years ago could still have been in my own home

@andrewyako4837 4 года назад

Thanks for this informative video! great job!

@YourFirstFourHouses 4 года назад

Thank you Andrew 😃

6 лет назад

Nice video, well presented. Nice pace, clear explanations.

@YourFirstFourHouses 6 лет назад

Thank you :-)

@MG-bq8rz 4 года назад

I so appreciate this information. Just what I needed. I did subscribe and saved this link🤗

@YourFirstFourHouses 4 года назад

Thanks so much 😃

@yasirnoori4848 5 лет назад

You're great, I learned a lot

@YourFirstFourHouses 5 лет назад

Thank you Yasir - that's very kind and I'm glad to hear you benefited 😊

@freeworld88888 6 лет назад

Nice advice.. so easy to understand. well, I'm going for it.

@YourFirstFourHouses 6 лет назад

+askismy ... Than you askismy, that's very kind of you 😊

@MrKorobiau Год назад

Hi Tony, I have just found what I was looking for and that is a better explanation of how to release equity and purchase another property. I have subscribed and will be following your channel. Keep up the good work. Very informative. 🙏🙏👍👍

@YourFirstFourHouses Год назад

Thank you 😊

@farhang0077 2 года назад

Thank you. informative video, short and to point without the fluff.

@YourFirstFourHouses 2 года назад

Thank you, very much appreciated 😃

@jamestonkin8610 2 года назад

Loved your video. Great clear and easy to understand information. Lovely presentation style too. Very helpful

@YourFirstFourHouses 2 года назад

Thanks so much 😃

@iHDMurray 4 года назад

Extremely insightful, thank you sir

@YourFirstFourHouses 4 года назад

Thank you 😃

@bradgeorge7807 4 года назад

Thank you this video is the best I've seen mate

@YourFirstFourHouses 4 года назад

Thanks so much Brad 😊

@mollyoh4675 4 года назад

thank you sir for the precious information !

@YourFirstFourHouses 4 года назад

Thank you 😊

@telegoose9905 4 года назад

Easy to understand! Subscribed.

@YourFirstFourHouses 4 года назад

Thank you 😃

@adrianmaycroft8406 3 года назад

This is brilliant , I’m going to get the ball rolling on this !

@YourFirstFourHouses 3 года назад

That's great to hear Adrian 😃

@arthurjames5817 5 лет назад

Great video again Tony

@YourFirstFourHouses 5 лет назад

Thanks so much 😃

@JJ_Acton 5 лет назад

I am learning so much from this channel, thank you kindly!

@YourFirstFourHouses 5 лет назад

That is very very kind of you and GREATLY appreciated 😃

@learnsomethingneweveryday1539 5 лет назад

@@YourFirstFourHouses you have a wonderful presentation style. Was you a teacher

@strawberry102 3 года назад

Thanks for the video!!

@YourFirstFourHouses 3 года назад

My pleasure 😊

@kavan8tor 5 лет назад

Fantastic video! Many thanks

@YourFirstFourHouses 5 лет назад

Thanks Kavan 😊

@freddym6678 3 дня назад

wonderful video about this chapter , thanks for sharing great information

@ojelectrichvac 5 лет назад

Thank you very much.

@bobbydelavega9425 4 года назад

Really well presented Tony - new to all this and value received right here! Thanks my friend :)

@YourFirstFourHouses 4 года назад

Thanks so much Bobby, that's made my day! 😃😃😃

@annunaki2012 5 лет назад

Another excellent video, Tony :)

@YourFirstFourHouses 5 лет назад

Thank you 😃

@mylittleworld6838 3 года назад

Very smart! Thanks for the lesson!

@YourFirstFourHouses 3 года назад

Thank you 😊

@thisguysly6057 5 лет назад

Great video well presented

@YourFirstFourHouses 5 лет назад

Thank you - much appreciated 😊

@kingfeemer1688 3 года назад

This was exactly what I was looking for. The process explained step by step. What an awesome video man! Great content!

@YourFirstFourHouses 3 года назад

Thank you so much 😃

@j1trainer Год назад

Thank you for sharing your knowledge to teach us. Very useful and clear. 👌🏻 Thanks. Juan.

@YourFirstFourHouses Год назад

My pleasure - and thank you for your kind words 😊

@mrcelestine4789 2 года назад

Thank you Tony

@BoboLearns Год назад

Informative, clear, useful, great content!

@YourFirstFourHouses 10 месяцев назад

Much appreciated!

@adamday9632 4 года назад

Excellent explanation!

@YourFirstFourHouses 4 года назад

Thanks Adam 😃

@Jameselcome_303 Год назад

thanks good stuff tony - subscribed

@YourFirstFourHouses Год назад

Thank you 😃

@TheBitcoinExperience 4 года назад

I really enjoy your content, Tony. You have a great way of explaining complex subjects. Keep up the good work!

@YourFirstFourHouses 4 года назад

Thanks so much... GREATLY appreciated 😃

@hopefulfather3469 3 года назад

Thanks Tony

@TradMas 2 года назад

This is exactly what I was looking for. A simple guide for a cautious idiot 👍 answered alot of questions I had. Thank you

@SKSoaring 5 лет назад

I’m a big fan. Just started doing research into real estate investment and from your videos I believe you’ve painted a very real picture. Thank you!

@christinej914 3 года назад

Very easy to undrestand and very informative. Keep it up sir. Thanks

@YourFirstFourHouses 3 года назад

Thank you so much! 😃

@bayobayo3225 2 года назад

Very educative and informative

@YourFirstFourHouses 2 года назад

Thank you very much 😊

@Bluewh174 2 года назад

Great presentation.....that shows your expertise 👍👏👏

@YourFirstFourHouses 2 года назад

Thank you 😃

@sonamathabathi5979 3 года назад

This very intricate but informative 👌🏽

@YourFirstFourHouses 3 года назад

Thank you Sona 😊

@HassanAli-qn1uo 3 года назад

Excellent thanks

@YourFirstFourHouses 3 года назад

My pleasure 😃

@CR5boy 10 месяцев назад

Great video

@YourFirstFourHouses 10 месяцев назад

Thank you 😊

@paulgriffin2790 6 лет назад

Another lovely video that is succinct and fairly comprehensive, for the simple example shown. I think you've cracked it in terms of showing the videos Tony !

@YourFirstFourHouses 6 лет назад

Thank you Paul - that's GREATLY appreciated 😃

@hebwowvwhossow7829 4 года назад

This is what I call content! Love the vids, very descriptive, especially with the visual examples!

@YourFirstFourHouses 4 года назад

Thanks so much 😃

@isachanel2605 4 года назад

This guy is good explained the best way posible

@YourFirstFourHouses 4 года назад

Thanks so much 😃

@Addy13Gangs 6 лет назад

Great content Tony. I am 23 years old currently in my final year of University but I am quickly realizing the degree I am doing is not the field in which I want to go in to when I graduate. I am swaying more towards Real Estate investment and taking my time learning what it takes to be successful in this field. I also watched your video where you stated in should only take someone 4 right properties to be financially stable which has motivated me even more. I have watched a number of your videos and they are very helpful! keep them coming as they are truly appreciated. Many thanks, Adriano

@YourFirstFourHouses 6 лет назад

+Addy13Gangs ... Thank you for your message and kind words, they are greatly appreciated. I am sure your situation will resonate with a lot of 23 year olds. I wish you every success moving forwards 😃

5 лет назад

The videos are very well presented and easy to understand.

@YourFirstFourHouses 5 лет назад

Thank you Luxus 😊

@ioane3718 5 лет назад

If you're in your final year I wouldn't say "quickly"

@dr_three 4 года назад

Hey man, its been 2 years! Im currently 23 at this time and I wanted to know your progress! I'm going head strong into this. Currently Active Duty Air Force so I have an advantage of using the VA loan with getting started.

@slinkydonkey 2 года назад

Great video it is something I am considering but I guess I am risk adverse and would worry about taking these first steps!

@YourFirstFourHouses 2 года назад

I completely understand Paul, the first one is the one everyone worries about.

@LeoLeEducation 3 года назад

Thank you

@YourFirstFourHouses 3 года назад

My pleasure 😃

@MT19001 7 лет назад

Very interesting videos! one of the very few rare ones that are clear and straight to the point. I hope you don't mind me asking about how the mortgage on the first house, which was an interest only mortgage, was paid or switched to the second house. I am sorry if i have missed anything. Thank you for your precious time.

@YourFirstFourHouses 7 лет назад

Hi there - many thanks for your very kind comments... greatly appreciated! :-D I think this is an excellent question, however unfortunately, because I am not FCA approved, regretfully I am unable to give you specific financial advice and I feel this question might be approaching financial advice. With that said... Can I strongly suggest you speak to an "Independent" mortgage broker. If you Google "Independent Mortgage Broker" followed by the name of your town - you should find lots (after the adverts). Book an appointment to go and see one of them and they can advise you on the best way to proceed based on your personal circumstances. I hope that was of some help :-) All the best... Tony

@haynesis 4 года назад

Such a pro

@YourFirstFourHouses 4 года назад

Thanks so much 😃

@djjjsaiyan 3 года назад

I love ur Chanel all in love

@YourFirstFourHouses 3 года назад

Thank you 😊

@denisotto348 6 лет назад

Hi Tony, Really resonate with your tips and advice. Also your reasons for entering the business full time. Your videos are very honest and thorough, especially how you are realistic about not so obvious costs and promote people to calculate their ROI realistically. Keep it going. I shall recommend and support your videos.

@YourFirstFourHouses 6 лет назад

Thanks Denis - that is very kind of you and very much appreciated. Have a great weekend 😊

@AngeloChristianMortgage 5 лет назад

Nice explanation. Everyday with my clients, I try being as detailed as possible when giving investment explanations.

@YourFirstFourHouses 5 лет назад

Thank you so much Angelo, 😊

@khuramnasar549 3 года назад

Man I got a lot to learn

@inafricaheightdependsonhow695 3 года назад

Th8s v8deo 8s very usefull!😁👍🏻

@YourFirstFourHouses 3 года назад

Thank you... but I think you may need to get your "I's" fixed 😃

@planetblix 5 лет назад

Very timely video, I’m working out whether to release equity from my video. I suppose the benefit of leaving equity in the property is a better interest when remortgaging therefore a lower monthly payment assuming all other variables are the same. I’m working with tight figures, so fingers crossed. I like your approach and style, very down to earth. Thanks.

@YourFirstFourHouses 5 лет назад

Thanks so much 😃

@moeshafullerton8694 5 лет назад

Love this video and thanks for the info. I’m 20 years old and I really want to be a property investor someday. You really motivate me, really wish I had a mentor just like you ❤️

@YourFirstFourHouses 5 лет назад

Thank you Moesha... I'm sure you'll go on to be VERY successful 😊

@Slynell1 10 месяцев назад

4 years later... Are you?

@paulmcquaid2940 6 лет назад

Hi Tony. r.e. your episode on un-mortgagable properties. Friend of mine got a great deal on an ex council house with concrete cancer, he did a lot of research and could find no tangible evidence that concrete cancer would in reality ever be a real problem. the house it was suggested could outlive a convensional brick built house of the same era. Because the property (in Bristol) was un-mortgagable he eventualy purhased for half the marketable value of the brick houses on the opposite side of the same street!

@YourFirstFourHouses 6 лет назад

Wow - that sounds like a Hell of a deal to me 😊

@TonyMontana-hg1yr 7 лет назад

Great video as always! Do we need a solicitor involved to release equity?

@YourFirstFourHouses 7 лет назад

Hi Tony - and thank you :-) That's a great question... Yes there will be a solicitor involved - as a charge will be put on the house for the bank.

@DoctorAB282 5 лет назад

Thanks

@YourFirstFourHouses 5 лет назад

You're welcome 😃

@Software-update 4 года назад

really excited to start something like with property and started to watch your videos. really useful information about the property. I have a questions please 'what sort of income do we need for a mortgage and for how long you have to work and show your income?

@YourFirstFourHouses 4 года назад

Hi Abidullah, thank you for your question. Unfortunately I'm not allowed to comment on finance questions as I'm not FCA approved. Honestly, the best thing you can do is to phone an Independent Mortgage Broker and they'll ask you some key questions and then give you the answer you need. I wish you good luck moving forward 😃

@pontdain 5 лет назад

Regarding the example, to borrow £225,000 you would need an income well above average. For example, if your lender offered you 4x your salary you would need to be earning £56,250.

@jermainsmith40 7 лет назад

Another quality video Tony! You're doing an excellent job here! I particularly enjoyed this video as I plan to show it to my parents, who are "old fashioned" to say the least. I have recognised that their savings/pension isn't much to sing and dance about and my sister and I are not in a financial position to assist them....yet! So I wanted to help them with some income options as their house is paid off completely and they have equity to play with. Maybe invest in a HMO along the HS2, perhaps?? Thanks again!

@YourFirstFourHouses 7 лет назад

Hi Jermain - thank you for your VERY kind words - they are greatly appreciated and I sincerely hope you manage to find a positive solution to the situation regarding your parents. Certainly HMO'S can be big cash machines - but I feel it's important to confirm there is plenty of demand in your chosen area - although I like your idea of looking HS2... Very wise! 😃 Good luck moving cards 😊

@Joee-kq2yd 5 лет назад

Hi Tony, great video - just regarding the equity at 5:01 on the video - will they just pay the £45,000 straight into your bank account in cash? be great to understand how this works and what other criteria needed for this to take place as it is essentially a cash loan right? ... many thanks!

@michaelgood6852 2 года назад

really enjoy watching your content. quick quezzie.. why when in option 3 did you only take out a 75% LTV? You have paid the 180k previous mortgage so why would the bank not give you 300k and you end up with 120k after you have remortgaged? probably a daft question im new to the world of investing.

@fardjan2928 4 года назад

Good content. What software so you use for the visuals? Thanks

@YourFirstFourHouses 4 года назад

Hi Fard, I use Camtasia and PremierPro 😊

@tommyjones7275 5 лет назад

Hi tony im wondering if you have a video for people who are cash buyers who don’t need to have a mortgage and the pros and cons of buying with cash vs mortgage. Thanks

@YourFirstFourHouses 5 лет назад

That's an interesting idea for a video... Let me give it some thought 😊

@7neilk13 6 лет назад

Brilliant

@YourFirstFourHouses 6 лет назад

+Special NK... Thank you - that's made my day 😃

@JoseGonzalas 5 лет назад

I honest to god get adrenaline watching these videos lol. Great video thank you👍

@YourFirstFourHouses 5 лет назад

Thangs JB 😊

@rosieroutledge9879 Год назад

Very helpful! Do you provide 1-1 training?

@YourFirstFourHouses Год назад

Hi Rosie - I do indeed 😊

@NA-oh2ck 4 года назад

Hi Tony. Another useful video, thank you for making this content. Do you have a ballpark figure for how much we should be spending on a specialist tax advisor, for example relative to the price of the property? Also, do you have any advice on the best way to go about identifying one with suitable expertise?

@YourFirstFourHouses 4 года назад

If you can send me s quick email I'd be happy to point you in the right direction: tony@yourfirstfourhouses.com

@howard8814 7 лет назад

Hi Tony Really inspiring and engaging video. Could you reveal how one can raise the value of a property to boost the equity with relatively cheap quick wins. Thank you in advance.

@YourFirstFourHouses 7 лет назад

Hi Howard - thanks a ton for your very kind words... after two days or scripting/filming/editing - honestly it means a lot! :-D I confess I get asked this a lot. Can I "park" your question, because it's given me a GREAT idea for a video! With that said...... a "Ligth Refurb'" doesn't (usually) add much much value in my experience. You've got to add REAL - TANGIBLE value. Keep an eye out...... I'll make that video with you in mind :-)

@howard8814 7 лет назад

Your First Four Houses Thanks Tony much appreciated

@eezy251able 5 лет назад

Great video. I have a small 3 bed with 100k equity in it. However I want to move out and rent it out as I feel the roi is good. I also want to remortage and buy my first btl? It's the capital gains and stamp duty, tax etc that puts me off? What would you do? Would you go into rented property?

@YourFirstFourHouses 5 лет назад

That's funny... Lianna and I are considering exactly the same thing... We've decided to sell or place now the kids have moved out and then (Probably) buy a plot of land and build. I personally wouldn't be to put off by the stamp duty sting IF you're going to make big money on your next purchase. Good luck with whatever you decide 😃

@yerrrboy100 2 года назад

Literally the best case scenario in every way. Lots of hurdles to over come!

@nathangray3227 3 года назад

Hi Tony is there any benefit for going for the additional borrowing option over remortgaging? Is the only downside having to wait for the fixed period to end but essentially they provide the same result? Or would you always recommend remortgage

@YourFirstFourHouses 3 года назад

To be honest Nathan, I'm not allowed to offer mortgage advice... with that said... personally is always evaluate EVERY option and see which is best at the time. I hope that is of some help 😊

@craigrigby363 3 года назад

Excellent video and excellent advice I’m currently in process of buying my first HMO investment property and this video is a perfect explanation of my current process I’m going through just subscribed and looking forward to viewing future content.

@YourFirstFourHouses 3 года назад

Thanks so much Craig 😃

@starcitizenmodding4436 2 года назад

Hi Craig im doing something similar and was wondering if you had any tips on securing a good deal with the broker. Do you explain that you want the money to invest? Whats the best approach?

@samiullahqahari2458 3 года назад

Thanks for a wonderful video. So once you buy the second property as an investment, do you end up owning the property in the end? Thanks

@YourFirstFourHouses 3 года назад

Yes indeed 😊

@paul-jb3dw 3 года назад

hi, at 5.01 could the maximum equity release be £75G rather than £45G? (300,000-225,000=75G) . Thanks for the video too

@RubelHasson 5 лет назад

Buy-to-let ownership: personal or by forming a limited company? Which one is better fora beginner ?

@YourFirstFourHouses 5 лет назад

That's a great question... But honestly... You do need to ask an accountant this because everybody is different.

@brandonb4559 5 лет назад

Hey Tony, great video. But I got a question(s)... How is it exactly that u pull ur money out? Because although I may be getting another mortgage which will cover all costs (deposit, refurb, e.t.c), it’s still a mortgage. So wouldn’t I have to keep paying for it monthly? I’m sure that if u have something like 10,000 left over from the mortgage, u can’t just put that into a bank account or another house right?

@YourFirstFourHouses 5 лет назад

Hi Brandon, I appreciate this can sound complicated however can I suggest you watch the video again and it should (hopefully) make sense second time around.

@serega4087 6 лет назад

This is gold, was looking for this example long time...you can make fortune using this!

@YourFirstFourHouses 6 лет назад

Thank you Sergey, that is very kind of you and greatly appreciated 😊

@albert_zernoff 4 года назад

Hi Tony. I now start watching your videos, they are lovely, first of all - thank you for doing that for us. Second - could you please give me a kind of navigation of what shall I ask a tax advisor about to find the best financial solution? :)

@YourFirstFourHouses 4 года назад

Hi Albert, thank you for your kind words 😊 To be honest, a decent tax advisor will undoubtedly ask you ask the right questions, your role will of course be to answer honestly, because they're in your side and they need ACCURATE information in order to give you an informed view. I hope that helps and good luck 😃

@albert_zernoff 4 года назад

@@YourFirstFourHouses Hi Tony, yes it does. Thank you very much for helping us :)

@YourFirstFourHouses 4 года назад

No problem 😊

@monikita333 2 года назад

The best and most informative video I have found on this subject. Thank you 🙌🏼

@YourFirstFourHouses 2 года назад

Thank you so much! 😃

@shutty11 6 лет назад

Really great information, also finding your emails very insightful. I'm a real novice to all of this, so my next question might seem like a very simple one. I believe that I have correctly worked out the equity on my current property to be £109,000 which in percentage terms is 45%. Does this figure represent the amount that I could potentially utilise for a deposit on a buy to let or buy to sell house? Furthermore is this likely to make a significant change to my currently mortgage payments? Any advice would greatly be appreciated, thanks again for all the great content, I will be a future member of your online teachings.Kind Regards

@YourFirstFourHouses 6 лет назад

+Matt Shutt... Hi Matt, many thanks for your comment. Unfortunately for me to fully answer your question would mean I'd have to give you "financial advice", which, because I'm not FCA approved, I am unable time do. With that said, I feel I can answer part of it without crossing the line... 😊 ...assuming you're keeping your existing house... regardless of whether you're refinancing or remortgaging, you would need to leave some "equity" locked in the house . Honestly... The very best thing you can do right now is to seek out the advice of an FCA registered "Independent Mortgage Broker" and they'll be able to give you a clearly defined answer. I hope that was of some help 😊

@philipwilliams9848 3 месяца назад

Hi, love the video and I have a question, are you still replying to this video?

@YourFirstFourHouses 3 месяца назад

Thank you 😊

@melodysingers7946 4 года назад

i like your personality. And thanks for the initiative. But its not clear to me how and where in the UK market a 160K property can have £675 left after paying mortgage? Who are we renting the HMO to?

@YourFirstFourHouses 4 года назад

Hi Melody. Thank you for the question. Of course in reality this was just a generalised example designed to help people understand the basic principles involved and so naturally the numbers on a real deal in any given area will vary. They may be higher, they may be lower. As to "where" you could buy such a property... To be honest, at the time, I used a genuine example from one of my students and the property was based up North. I can't recall which specific city I'm afraid, but then this is one of my older videos. I hope that helps and I wish you every success moving forwards 😊

@mohammedammar5439 4 года назад

Hi tony! I'm only 18 ye young right but just want to learn and see how it is! Ill be starting uni this year and was thinking of saving my student loan for the 3/4 years and maybe being able to use it as a stepping stone for a property even if its a flat or something, just wanted to ask if that would be a realist goal and do able target in this day and age of the rising of the housing market thanks!

@YourFirstFourHouses 4 года назад

Hi Mohammed, thank you for your message. In theory, I don't see any problems with that, but of course there's an awful lot of variables that you'd need to take into consideration. I wish you every success moving forwards 😊

@DIPU1036 3 года назад

Hi Tony, The vital information that you missed communicating is the cost of borrowing and even more important the ability to pay increased monthly interest payments. Does the increased borrowing not make you venerable when interest rates increase or if house prices drop significantly?

@YourFirstFourHouses 3 года назад

Hi Dipak. If you re-watch it you'll note my calculations were based on a very high 6% for interest rates. This is more than double what you can actually borrow for today. Needless to say interest rates could go higher than 6%, but in the example shared you were still make a decent profit at 6%, so there's a good buffer there. I hope that helps you. 😊

@DIPU1036 3 года назад

@@YourFirstFourHouses Tony delivers, again! Thanks. I was too busy writing my resignation letter to notice the 6%. 😂

@YourFirstFourHouses 3 года назад

No problem at all 😃

@samueltaylor2757 7 лет назад

Do you have any advice for someone looking to move out of parents into first house? I'm 21 and saving for a house deposit for a property that I can build equity with for a few years. Are there any videos in your collection addressed to first time buyers?

@YourFirstFourHouses 7 лет назад

Hi Samuel - thank you for your comment - much appreciated. I really must do something for first time buyers - that's my oversight - I am sorry. Oddly enough - I've spent the day filming all about how to buy property WITHOUT putting any money into the deal - and I'm delighted to say that will be available around 7th September. You may find that very helpful. Other than this... You've got to buy REALLY well. Look for places that need work - or look for places where you can add REAL - TANGIBLE value. I how that was of some help? Ps. I wish I'd had the intelligence to start buying at 21! You're well ahead of the game - a huge well done. 👍👍👍

@martyncroston7433 Год назад

Thanks for this Tony. I've got 2 years left in my 5 year fixed mortgage (15 years left on the mortgage in total). I have around £200k equity. Can I refinance this now or do I have to wait until the end of the fixed deal? I've never considered this before as I thought there were charges on the mortgage if you tried to exit the deal early.

@YourFirstFourHouses Год назад

Thank you for the question however can I please suggest you speak to an independent mortgage broker because unfortunately I can’t give direct financial advice, I am sorry.

@weekender45 6 лет назад

The equity I take out of my buy to let, can I then use that money to start property investing as a ltd company without paying cgt. So effectively buying another property with the equity but as a ltd not as an individual?

@YourFirstFourHouses 6 лет назад

Hi Roger - many thanks for your question - it's a good one! Unfortunately there's only two areas i am unable to give guidance on... Tax & Mortgage Advice and of course this covers both 😃. This is partly because I'm not FCA approved and partly because every person is different when it comes to financial advice and so the ONLY people you should seek advice from here is an Accountant / Tac Adviser / FCA Approved Mortgage Broker. I hope that helps and good luck! 😃

@ranispakistanicuisine4172 Год назад

Hi Sir, I liked your video. it's amazing with super knowledge ❤ I would like to know if I have a property in which I have equity in it and would like to buy off from the lender how that worked? Could you please make a video on it or tell me how does it works? I would really appreciate it. Thanks Rani❤

@YourFirstFourHouses 10 месяцев назад

Thanks for the suggestion Rani

@yamom567 3 года назад

Great video but surely there's a mistake in your example. If you remortgage 75% LTV (225,000) the remainder is 75,000. Minus your original 20,000 deposit from the first mortgage leaves you with 55,000 of additional equity not 45,000? Please correct me if I'm wrong

@ishmaeldzivor4325 Год назад

Fantastic video. I bought a property this year for 165000 as a residential property. My first property. Now I have a family and want to get a bigger space. Currently I have a savings of 20,000. Please advise

@YourFirstFourHouses Год назад

Well first off - congratulations 😃 I’m always happy to help if you want to discuss this. I offer 45min coaching calls and so if this is of interest please click here for more details… www.yourfirstfourhouses.com/coaching

@rangerstheproperteam 6 лет назад

Should you put a a bigger deposit if you have it or should you take some of these 5% discount deals for first time buyers

@YourFirstFourHouses 6 лет назад

If suggest that it depends. Would this be somewhere you personally want to live or is this an investment property?

@majkhan3376 6 лет назад

excellent video however is it best to do hmo? as many ppl say tenants can be a nightmare in hmo ?

@YourFirstFourHouses 6 лет назад

I confess I've never had any major problems with tenants... Although I confess I am pretty fussy when it comes to the initial selection process which probably helps 😊

@majkhan3376 6 лет назад

haha thank you for the prompt response! i have a couple of properties but i think i need to start look at areas which will add real tangible value ;) ... hope you can assist me through my journey

@YourFirstFourHouses 6 лет назад

I'd be very happy to help if i can 😊

@pabinmagar3520 3 года назад

hi thanks for the great video. I own joint mortgage with my wife but now she dosen't work do yo think i can still take equity out? I have been told they will go through process same like when i first took mortgage out and earning will be low to take out equity is this true or what are my options. thank you

@YourFirstFourHouses 3 года назад

I'm afraid I don't know. My suggestion is to speak to a mortgage broker.

@Besm260697 4 года назад

Hi Tony, I have watched quite a number of different videos of yours and finding them really, really informative and helpful! Im 22, currently saving money for a buy to let property deposit! I have a few worries as most would in my situaion. One of which its a first time buy too! In the video lets say for instance you use this equity to purchase another property, what happens then at the end of your mortgage term? I understand that if property prices go up then its a win win! But what if it went the other way? Possibly a video on that would be very appreicated! Ive done your free mini-course on your website but think I will wait to do your masterclass-course until i have the deposit ready so it's fresh in my mind! Thank-you for the brill content and keep it up. Ben.

@YourFirstFourHouses 4 года назад

Thank you Ben for your kind words and suggestion for a video. You're doing the right thing and building your knowledge which is excellent. I wish you every success moving forward 😃

@Besm260697 4 года назад

Thankyou for the reply! Will be in touch in the future!👍