The Dark Destroyer your wife would need to be in the country for a certain amount of time usually a minimum of 2 years and working. Also because you are married she would be liable for stamp duty so wouldn’t benefit from the first time buyer status.
On your recommendation I contacted to Regents Court last year. I’m a tenant with low income and I’ve now got 1 HMO and 2 mini MOs. So I’m proof that it can be done! Thanks Samuel
The most chill conversation, but an absolutely goldmine of information for people that want to get wealthy.. When you creatively diversify investing using these perks in the system.. you really can start to see where financial freedom comes from! It's not a coincidence that rich people own real estate! People just accept renting is the only option, or that "the American dream" single family home is the endgame.. Thanks for the content brother! You're giving people incredible information!
Would highly recommend Andrew. Sorted me a mortgage for an £85k multi-let in a ltd company. Really helpful, had lots of conversations with him since about what may or may not be possible and will be speaking to him shortly about the next deal.
Yes, Iv'e gone through the process of speaking to Mortgage brokers. As soon as they find I've not been in the U.K. for the last 3 years straight, it's bye bye. Frustrating. Going through with a straight single let with a family member soley and talking to a lender through a solicitor. This video did teach me a lot and spurred me on. I'll be along to your crash course some time. Here in Wales, Brum is the closest. BTW, I spoke to brokers and they suggested a HMO lender would typically need a 35% deposit. Right, I've re-watched this and it seems that as long as all tenants sign the same tenancy, a single let could work. I'm excited and nervous. Right now my first house property sale is going through. Like your first, I'm getting turned down by lenders myself so family members helping out. I think I'm confusing the process by getting a solicitor to ask the lender if I can have a stake in the property. Maybe don't need to do this. It's all a steep learning curve, but it's great to have your videos to give inspiring and accurate property investing info for the U.K. market. this can't be understated. Watching videos from U.S. TH-camrs is no good for us in the U.K.
Amazing video! prob sent it to about 5 different people and told them to do their homework! Thanks man, and see you on the Deal finding stravaganza next month...
Andrew is quite well versed. Appreciate your wealth of experience and sharing. About multi let - what are the requirements for multi let mortgages and what exactly do you mean by “all tenants signing same AST”? Thanks
Hi Sam, Looking forward to your cash cause in Manchester this month. Have a questing here, If I have investors to finance a mortgage, can I do this as an individual or through my company. The intention is buy to let + I have recently just jumped on my help to buy and secured my own home.
I have one main question that's quite important & would love a answer from you Samuel or anyone else if you have experienced this. What if your well paid tenant has a unforeseen accident with family members and is no longer fit for work, Which in turn makes them un able to pay the rent for the property? I hear that you can't make them leave with new government rules and it can take weeks if not months to either replace the tenant witch in turn leaves you as the landlord who would have to cover the costs of the mortgage etc? Have you made a video with a link you could guide me too if you have already made a video on the pit falls of any of these cases/issues, that could happen and what percussions can be put in place if something goes wrong. Great video once again.TTEA
Hi Samuel! Your videos are truly inspiring and AMAZING! Since being at your course on 19th July I can truly say your mission of helping everyone is working! You have inspired and motivated meeeee! The only question I have is if I do turn a four bedroom property into HMO do I need to notify the council regardless of getting a HMO license or not and how would council tax work! Really confused please help!
Working my way through the video now and its late so pausing to type things that pop into my head - on the course you point out their are 40k properties still available (and there are lots it seems) .. yet first question you skip to those with 50k available not the min 10-12.5k) .. people with 50k cash in theory should have a problem with first basic BTL? -he covered over 21 but thats obviously the bigger thing that should have been asked
Hi Samuel, What are my options my options if I’ve got poor credit is it still possible to secure a morgage if I’ve not ever had any kind morgage in the past. I’m currently waiting to hear back from my financial advisor to see what I can do about getting defaults removed from my credit file. If I could get someone else to put down a stake the property would that be the route to take. I appreciate any advice you may be able to give me. Kind regards
There are two ways; 1. Set up a limited company in the UK and purchase property through that. You don't have to be living in the UK to set up a company here but you will need a 'registered address' for the business where all the mail will go. There are companies that offer a virtual business address that you can use. Setting up a ltd company in the UK is really easy and only costs £12. 2. Set up a company in your home country and then apply to operate in the UK as an overseas company. Check out the links below for more info; www.gov.uk/limited-company-formation www.gov.uk/register-as-an-overseas-company
Hello there. Brilliant video. I do have a question. I am 20 years old and wanting to invest my money in property. I have spoken to a mortgage advisor and they have said I acbt get a BTL Mortgage as I'm not earning more than £25,000pa? Is this true? If not what are my options and where could I go to receive the best advice.
Samuel Leeds OK cheers for the reply , I'm thinking of diversifying into HMOs after 5 years flipping property using my Surveying knowledge , just scanning the market for some run down 3 bedroom houses where I can extent or build a second floor on an extension and convert the loft giving me 5 bedrooms and hopefully getting me a good return on investment. One thing that is stifling me being knew to this segment of the property market is weather to pay the bills myself as the landlord and reciprocate this into the rent or let the tenants deal with the bills?
if you are looking at renting out houses as HMOs i'd strongly recommend booking yourself onto one of Samuel's crash courses.You don't know how much you don't know until you start to learn.
01riggers cheers my friend I've heard a lot about them only ever good things aswell , I will definetly be going to a few from many mentors especially the reasonably priced ones as I feel they are always the most genuine advice. I am a charted surveyor so in terms of buildings I'm your man and also aware of the increasingly strict nature of regulations surrounding HMOs as someone who enforces them and chooses where HMOs are allowed but in terms of the letting and commercial side I need to learn my stuff and watching his videos he is the man.
That's me - Andrew has helped me to get a btl mortgage with no income!
Really?! Wow.
Ok. Would love to speak to you about that.
How?
My wife has no income and just moved to the UK.
I was thinking can I take advantage of the first time buyer on her name?
The Dark Destroyer your wife would need to be in the country for a certain amount of time usually a minimum of 2 years and working. Also because you are married she would be liable for stamp duty so wouldn’t benefit from the first time buyer status.
On your recommendation I contacted to Regents Court last year. I’m a tenant with low income and I’ve now got 1 HMO and 2 mini MOs. So I’m proof that it can be done! Thanks Samuel
Carla Sutcliffe I want to know how you done it
Probably your most useful video to the students yet. Thanks Samuel. The mortgage confusions cleared up now.
The chap obviously knows what he is talking about,
The most chill conversation, but an absolutely goldmine of information for people that want to get wealthy.. When you creatively diversify investing using these perks in the system.. you really can start to see where financial freedom comes from! It's not a coincidence that rich people own real estate! People just accept renting is the only option, or that "the American dream" single family home is the endgame..
Thanks for the content brother! You're giving people incredible information!
Would highly recommend Andrew. Sorted me a mortgage for an £85k multi-let in a ltd company. Really helpful, had lots of conversations with him since about what may or may not be possible and will be speaking to him shortly about the next deal.
Samuel Leeds and the deal after the next will hopefully be an HMO, just waiting for the next ones you find. Roll on Wednesday
Where is Andrews office please ?! Office contact number ?! Thanks
Hi Sam, any chance you could make a video describing the difference between a multi let and an HMO? Keen to navigate that one
Tremendous range in possibilities. And the guy knows his stuff !
Yes, Iv'e gone through the process of speaking to Mortgage brokers. As soon as they find I've not been in the U.K. for the last 3 years straight, it's bye bye. Frustrating. Going through with a straight single let with a family member soley and talking to a lender through a solicitor.
This video did teach me a lot and spurred me on. I'll be along to your crash course some time. Here in Wales, Brum is the closest. BTW, I spoke to brokers and they suggested a HMO lender would typically need a 35% deposit.
Right, I've re-watched this and it seems that as long as all tenants sign the same tenancy, a single let could work. I'm excited and nervous. Right now my first house property sale is going through. Like your first, I'm getting turned down by lenders myself so family members helping out. I think I'm confusing the process by getting a solicitor to ask the lender if I can have a stake in the property. Maybe don't need to do this. It's all a steep learning curve, but it's great to have your videos to give inspiring and accurate property investing info for the U.K. market. this can't be understated. Watching videos from U.S. TH-camrs is no good for us in the U.K.
Samuel your a legend. See you at the next crash course!
Hi, Very informative video.
I have a question to ask " if some one is 50 years or more can they get a BTL Multi let mortgage?
Best video ever. Thank you Samuel
Very Interesting a call to Andrew is on the cards. 🤔
any one can send me the number please?
Google "Regents Court Financial"
What would happen if you were on a joint mortgage with say your mom because you’re under 21 and then she leaves
What is the best type of mortgage (buy to let) from "endowment, repayment and interest only"?
Fantastic video - content, setup, editing and all! Thank you for this. Really helpful.
Excellent video Samuel, Andrew really knows his stuff!
Thank you Samuel that is very very good information for a first time buyer good start to look into 👍
Very helpful clear advice
Thank you both
Amazing video! prob sent it to about 5 different people and told them to do their homework! Thanks man, and see you on the Deal finding stravaganza next month...
Andrew is quite well versed. Appreciate your wealth of experience and sharing. About multi let - what are the requirements for multi let mortgages and what exactly do you mean by “all tenants signing same AST”? Thanks
Such a useful video. Some good nuggets to remember.
That was bloody interesting! Gonna get the calculator out now!
Hi Sam,
Looking forward to your cash cause in Manchester this month. Have a questing here,
If I have investors to finance a mortgage, can I do this as an individual or through my company.
The intention is buy to let + I have recently just jumped on my help to buy and secured my own home.
I have one main question that's quite important & would love a answer from you Samuel or anyone else if you have experienced this. What if your well paid tenant has a unforeseen accident with family members and is no longer fit for work, Which in turn makes them un able to pay the rent for the property? I hear that you can't make them leave with new government rules and it can take weeks if not months to either replace the tenant witch in turn leaves you as the landlord who would have to cover the costs of the mortgage etc? Have you made a video with a link you could guide me too if you have already made a video on the pit falls of any of these cases/issues, that could happen and what percussions can be put in place if something goes wrong. Great video once again.TTEA
@Andy McK Thanks Andy👍 I heard about that but just need to put into practice.
Excellent video, looking forward to the crash course next month.
Hi James, how did you get on at the crash course? Have you started in property?
Great video - how much percentage deposit do they require under LTD company
Very good all your video
Thank you very much for sharing
It's my pleasure
Hi Samuel! Your videos are truly inspiring and AMAZING! Since being at your course on 19th July I can truly say your mission of helping everyone is working! You have inspired and motivated meeeee! The only question I have is if I do turn a four bedroom property into HMO do I need to notify the council regardless of getting a HMO license or not and how would council tax work! Really confused please help!
Very interesting and helpful content. Well done 👏👏👏
Golden nuggets on this video ! see you in august for dfe Samuel!
What about Licenced HMO mortgages?
Very informative. Thank you Samuel and Andrew
Working my way through the video now and its late so pausing to type things that pop into my head
- on the course you point out their are 40k properties still available (and there are lots it seems) .. yet first question you skip to those with 50k available not the min 10-12.5k) .. people with 50k cash in theory should have a problem with first basic BTL?
-he covered over 21 but thats obviously the bigger thing that should have been asked
Good job SAMUEL.
Hi Samuel,
What are my options my options if
I’ve got poor credit is it still possible to secure a morgage if I’ve not ever had any kind morgage in the past.
I’m currently waiting to hear back from my financial advisor to see what I can do about getting defaults removed from my credit file.
If I could get someone else to put down a stake the property would that be the route to take.
I appreciate any advice you may be able to give me.
Kind regards
Really enjoyed this. Watched few times. Thanks andrew
Really helpful video! Filled me with a lot of confidence 😁👍🏻
I have £1500+ pcm disposable. I want to buy property in the UK, but l'm an expat with no UK address. Ideas?
There are two ways;
1. Set up a limited company in the UK and purchase property through that. You don't have to be living in the UK to set up a company here but you will need a 'registered address' for the business where all the mail will go. There are companies that offer a virtual business address that you can use. Setting up a ltd company in the UK is really easy and only costs £12.
2. Set up a company in your home country and then apply to operate in the UK as an overseas company.
Check out the links below for more info;
www.gov.uk/limited-company-formation
www.gov.uk/register-as-an-overseas-company
@@afnankhokhar Thank you.
Does anyone know what type of mortgage I need to look for to by a house where I would live, and rent out some of the spare rooms?
Absolute star!
Hello there. Brilliant video. I do have a question. I am 20 years old and wanting to invest my money in property. I have spoken to a mortgage advisor and they have said I acbt get a BTL Mortgage as I'm not earning more than £25,000pa?
Is this true? If not what are my options and where could I go to receive the best advice.
thank you Samuel & Andrew
Is 20k a year with 1 year accounts ok for buy to let mortgage
Thank you, Samuel! It's so usefulll
Fantastic video. Very helpful.
16.29 he didn't say the cheesey line "We like to think out the box"? Paaaaaaaleeeease tell me he never? ah hahahahaha.
I’m on 15500 a year at 19 I need a house ASAP
Very helpfull video thanks Samuel
Sam you are a king
Always so informative videos
Very helpful video, thank you!
Amazing video !!! Thanks
awsome how do i avoid the stamp duty ?
Guess it’s your lucky day now lol if u watched the news
Great content!
Great stuff. Thank you.
that was so useful thanks sam
I HAVE BOOKED YOUR CRASH COURSE AND WOULD LIKE A CHAT WITH ANDREW
Great information 👍
The myth that you need to already own property to get a btl mortgage is bollocks. I’m 19 and got a 75% LTV mortgage on BTL with NatWest
Also without a guarantor or any sort of counter sign on the mortgage. Just do a lot of research and get a good mortgage broker 😁
@@jackhoward9165 1st of all gratz dude :D, Have you got discord? I'm 19yo also just wondered about your process!
Hey dude great vid as per , do you invest in student lets?
Samuel Leeds OK cheers for the reply , I'm thinking of diversifying into HMOs after 5 years flipping property using my Surveying knowledge , just scanning the market for some run down 3 bedroom houses where I can extent or build a second floor on an extension and convert the loft giving me 5 bedrooms and hopefully getting me a good return on investment.
One thing that is stifling me being knew to this segment of the property market is weather to pay the bills myself as the landlord and reciprocate this into the rent or let the tenants deal with the bills?
if you are looking at renting out houses as HMOs i'd strongly recommend booking yourself onto one of Samuel's crash courses.You don't know how much you don't know until you start to learn.
01riggers cheers my friend I've heard a lot about them only ever good things aswell , I will definetly be going to a few from many mentors especially the reasonably priced ones as I feel they are always the most genuine advice.
I am a charted surveyor so in terms of buildings I'm your man and also aware of the increasingly strict nature of regulations surrounding HMOs as someone who enforces them and chooses where HMOs are allowed but in terms of the letting and commercial side I need to learn my stuff and watching his videos he is the man.
Awesome Great Advice :-) Thanks
What are the names of some lenders?
I am looking to buy my first rental. Do mortgage my house or the new property. My house is 450.000 new property 250.000 cash 50.000
Is Andrew in London???
We’re can I get Andrew details from
Thanks
Samuel said it at the beginning of video
really helpful thank you
Good vid. Thanks
Very informative
Need his details
If was confused about mortgages, I certainly wouldn’t come to Samuel
Leeds.
For reasons you can find online, you can see exactly why.
Joke.