Just re-mortgaged one of my properties, monthly payment has reduced and taking 11k out, happy days 😃

REALLY great video - thanks so being so thorough and informative! x

Got to love the famous click! Haha. Great video Justin, will resume back here each time I need a reminder of the process !

Thanks for another informative video. Loving it! Feel like I'm a student again, learning from Teacher Justin.

Incredibly informative, thanks a lot for this

Great video, how do you estimate refurb cost on a rennovation project? How do you find a reliable builder in an area not in your hometown?

Hey Justin! Love the videos, thanks so much for all the great content. Was wondering if you were planning on doing a black Friday sale on your propertyX website?

Hi Thank for sharing you knowledge, great content and I have quick question, to whom would you give or pay the £32500 deposit or is that sum an indication of how much money should be deduce from the new valuee?

Great video again mate 👊 Miss the whiteboard for these numbers vids but awesome to see the production quality going up! How can you quantify when you are overleveraged and vulnerable to changes in the market?

Love this channel!

Great video Justin. Agree on the top tip to get started 2/3 months prior to the rate expiring... I am now into my 3rd month paying the variable rate which is painful as my flat in Birmingham needs all sorts of docs because of EWS1 etc... even though I have these docs NatWest is just terrible at progressing the application so starting a new application with Virgin Money...

love you Justin !!!

Hi Justin, can you please share some knowledge on how you create these impressive videos! I mean what camera type you use mobile, DSLR, video camera etc., which editing softwares do you use and recommend for beginners, did you learn all these KZfaq skills yourself or did you take any courses etc. Thanks.

Just doing this mate, purchased for £112,500 and spend £10k on refurb and now valued at £150k 👍🏻. Pulling the gains out for prop number 4 👏🏼💪🏼. Great video mate

Great video as per usual

Hi Justin. If you're refinancing within or just after 6 months, are there any penalty fees to pay, cos presumably you would still be well within the timeframe of your 2 or 5 year mortgage product/deal?

Thanks for the video dude. I own a apartment and my product renewal is due. If you fancy taking in a project by helping a fan please reach out. We could make a video around the process for a new starter?

Hi Justin, did you refinance on your 1st residential house to get the deposit on your 1st rental? Subbed!

Definitely helps a lot

If I refinance a buy to let property after renovation. The new loan will be more than the old loan taken to buy the property. How will bank be able to give more debt, will they check if rent for new property has gone up to pay the higher intrest or repayments ?

What Bridge company do you use ?

Can u do a brief demo of your BRR Spreadsheet? I want to get a rough idea how it looks before I purchase.

Value in this was great 👍🏻

Gems 💎

Hi Justin is there any other advice you could give on remortgage to get the most money as if you give them the price you want is there anything that can make you’re chance better if getting more money really enjoy the channel thanks you

Hi Justin, when you remortgaged. Did you do it on 80%-20 Loan to Value or the standard 75-25? Also how did you get on? How did you get on in terms of finding lenders with less than 6 month ownership? Would it have been easier to wait until after 6 months? Thanks

Hi Justin, love your channel and well done to everything you have achieved! I have an unanswered question..if you refinance after 6 months for example do you have to pay early repayment charges? Or how does it work? Do you tell the lender beforehand that you will be refinancing after 6 months and still do it on a 2 year fixed for example? I think you get what I’m saying and your response will be super appreciated!!!

Great Video again! Info about this kinda stuff is so so important as it can cost you if you get it wrong. If anyone should read this comment. I would add that in some situations it would be worthwhile speaking with your existing lender about an advance on the new value of the property 🔑 and if you work with a broker and they don't at least mention this as an option to you I would question if they really have your best interest at heart 🔑 🔑

Justin, I noticed that you have your properties held in a ltd company. I thought it was only benificial to do this for larger purchases(eg HMOs) because the fixed costs for a ltd company btl mortgage are more than as an individual. Also I would think at the start for smaller properties(like your one up North) it would be better to hold it as an individual as I know the rates and costs of ltd company btl mortgages are more than that of individual mortgages. Hopefully you get what im trying to say. I only ask because I am looking to purchase a flat for around £130k with £750 rental income, currently I am not in a high tax bracket but I do want to 'future plan' as best that I can. If you could let me know your thoughts on what you think the best route is. Thanks

Someone explain to me please I buy a house for 200k (50k deposit) delivering 7% rental yield (£1165 PCM), 2 years and a small minor refurb later the house is now worth £350k, I want to refinance and take my money out leaving 25% in the property, how can I? The new mortgage would be 350k X 75% = 262,500 X 6% Interest only on a BTL = 15,750 / 12 Months = £1312 interest on the mortgage PCM. The rental yield is 7% of the original purchase price 200k and renting out for £1,165 = -£147 shortfall between the rent and the potential new mortgage which obviously would not be approved as rental income doesn’t cover interest payments. It’s not just a case of simply refinancing and taking your money out.

from the 75% end value u don't deduct the deposit u put in? as that's a cost as well no?

what if you just want the equity money so you can buy another house? will the bank still approve?

Hi, how can I contact you please. I have a couple of questions and wondered if you could help me with them?

Hi Justin, a very valuable KZfaq Video and Question? "Can anyone including a beginner do a Property BRR as a strategy?"

Can somebody help me understand something. £100,000 property price £80,000 mortgage £20,000 deposit £15,000 for refurbishments refinanced the property for the value of £140,000 What is the equity, profit and is your new mortgage monthly payments you refinanced to, now have higher payments for the £140,000?? Im just not understanding what happens to your mortgage payments? are they paid off from refinancing?

My mortgage broker and solicitor said it takes 3-4 months to finish buying a house, is it really that long?

Hi Justin, I see it as a bit of a catch 22! Because if you brr and take some money out then your mortgage repayments will be higher! Do you get what I’m saying? Your view please….ps great content, keep up the good work.

I finally found a good mortgage broker that knows everything about investing and all things not possible and he said refinancing a £60k-80k property is going to be the most difficult part of a BRR especially when not adding any value. Just adding a new kitchen or floors isn't going to push the value these days. Did you have any challenges for refinancing, even for full guts? I guess the real trick is to get at auction, but then you need 30% deposit at least and 40% if you want to get development finance.

Can you clarify this for me Justin. (Or anyone) I bought my house for £360k a year ago, on a 5 year fixed rate 85% LTV, £305k mortgage. it’s now worth £400k. (Going by price rises work done and houses sold nearby based on estate agent knowledge) I’m on a fixed rate for another 4 years. By which time we should have paid off roughly £37k Leaving £268k to pay. When I remortgage, am I taking a new product out with the value of £400k (maybe more in 4 years time) which would be a LTV of 67%. Leaving in £132k equity?? Sorry that’s long but I struggle to get my head round it.

Can you do a video on tax

Why shouldn't you pull out too much to leverage debt?

When do you hope to quit your job?