What Buy to Let Mortgage Should You Get? interest Only vs Repayment
What Buy to Let Mortgage Should You Get? interest Only vs Repayment? This is the million-dollar question that many people ask. Now i have done a full run-through of pros and cons of opting for one over the other, as I have done both mortgages in the past 10 years, but I thought it'd be useful to get a practical example and run through some other important pieces of information you need for property investing like understanding opportunity cost, what happens at the end of mortgage terms, LTVs and much more crammed into this video. I hope it helps guys and you have a great day!
Useful timestamps:
00:00 Intro
00:43 Random postcode
01:00 Criteria on Rightmove
01:37 Rental income research
02:00 How to find postcodes
02:20 Researching Rents
03:00 Do this!
03:15 Populating the deal analyzing
03:48 Contingency - Voids / Maintenance
04:13 Loan to value explained
04:35 Mortgage Interest only vs Repayment
05:33 Comparing both mortgage costs
07:00 Opportunity cost / Benefits
07:45 Debt is bad?
07:55 What happens at the end of interest-only mortgage
Useful videos to watch with this:
Interest-only vs repayment pros and cons: • Interest only vs repayment buy to let...
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