What Is Bridge-to-Let? | The New Way of UK Property Investing 2022

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2 жыл бұрын

Claim Your FREE Ticket to the Property Investors BRRR Training: www.property-investors.co.uk/...
www.westoneloans.co.uk/guide-...
www.castletrust.co.uk/bridge-...
www.positivecommercialfinance...
www.lendinvest.com/blog/what-...
www.expertmortgageadvisor.co....
Above are some bridge-to-let lenders, but I would also recommend going through a trusted mortgage broker for these products to get the best rates and fit for you.
Also, I would highly recommend getting some free training before considering taking out a bridging loan. Here’s is a link to the Property Millionaire Intensive where I teach this strategy in more detail: www.property-investors.co.uk/...
In this video I explain the Bridge To Let strategy. This changes the game for property investing! This is a must watch for anyone wanting to get into property and established property investors alike.
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#PropertyInvesting #BridgeToLet #BridgeLoan

Пікірлер: 178

@cherellekaprice4861 2 жыл бұрын

📝 another gem of knowledge to add to the repertoire.. thank you for sharing! 🤗… loved the pen and paper visual

@vajinderdhillon6783 2 жыл бұрын

Hi Samuel I tried to do this and it worked! 👌However, using a bank loan in particular a personal loan, the bridging company did care since they wanted to make sure I was able to use it for business purposes.

@mixerman8 2 жыл бұрын

Great content, bridging is high leverage and the fees on paying off products aswell as high interest rates amount to a big slice. Last resort, be good for initially buying a non normal construction building then putting a single course of brick round and remortgaging.

@adgahil Жыл бұрын

Samuel this is gold. Definitely changes everything, thank you man! Is more of this available in your advance courses?

@roddiehouston8834 2 жыл бұрын

Nice content! The best way to find that balance between saving and living is by investing, this way you get to have your savings intact and then live comfortably of the revenue coming in from your investments.

@lindalily6924 2 жыл бұрын

Working with Romero pieto is the best thing that can happen to a beginner trader who is aspiring to be fruitful out of the market he is trustworthy and straightforward we surely need more men like him in trading world.

@jasonthomas269 2 жыл бұрын

Good good content.

@abscottcoleman400 2 жыл бұрын

Yes I'm a living testimony of Romero pieto his platform has also done a great thing for me.

@katlinmicheal8121 2 жыл бұрын

I've seen so many review about this man called Romero pieto who is he ?

@andreawilson1568 2 жыл бұрын

Mr Romero pieto trades on my behalf due to my tight schedules and he is indeed absolutely doing great, my last investment of $3,000 he gave me my ROI of $17,000 in a period of two weeks isn't that amazing.

@jux9275 Жыл бұрын

Maybe just to clarify for the public. When you get the second loan to refinance the first loan, doesn’t mean you live mortgage free! You still have the second BTL loan to pay, right!

@ionut.cvisan 2 жыл бұрын

Mind blowing stuff.

@srinivanitharasan4308 Жыл бұрын

Great!! I just watched your video on BRRR published 2 years ago. Was thinking the mortgage lending culture has changed in 2022 slightly not sure what other method can be used? After watching this video my doubts are cleared. Thank you!

@LifestyleWithSofia 3 ай бұрын

This was very helpful I’m on it now 😅😊

@mannieeakubz7498 2 жыл бұрын

Hi Samuel Great content! Please just wanted to ask will a Bridge to loan help borrow to do Serviced accommodation project?

@ethanoverton Жыл бұрын

you are so sick, genuinely so useful!

@kerricherri6593 2 жыл бұрын

This is great!!

@natashagrays7826 2 жыл бұрын

Hi Samual, great video… please can you share the lenders that offer this product? Thanks!😀

@nathanpiratheepan5298 Жыл бұрын

I love this guy

@florianvandeven4962 2 жыл бұрын

Good video mate . From the start off the application off the bridging loan to the refinance stage. How long does it take ? So how long does the deal take from start to finish ? A year , couple off months . Thanks 🙏

@SuperAlvinTV 2 жыл бұрын

Amazing video enjoyed watching it.

@SamuelLeeds 2 жыл бұрын

Thanks for feedback

@myrealworldtv5919 Жыл бұрын

Very helpful, didnt know there was a Bridge-to-Let

@SK-od8jm 2 жыл бұрын

Samuel, Can a bridge be done with £10k in hand or a 100% bridge instead of the 75% in your example. Thank you for all your knowledge and wisdom. God bless

@steelcitydomains2356 2 жыл бұрын

Sunday night ..free education... Who else is learning this evening too? Excellent as always Samuel 👍👍❤️

@SamuelLeeds 2 жыл бұрын

Always learning :)

@mihaiflueraru4415 2 жыл бұрын

Thanks Samuel. Can you share the list of lender offering this product?

@barrychui1704 2 жыл бұрын

Iv just complete on one Friday and was originally going to use this exact method with Precise mortgages. Interest, fees etc end up costing just shy of 10% on the borrowed bridge money. They also down valued the estimated finished house around 10% even tho next door sold for the same figure in a worse condition. So although it initially looked good from my advisor I ended up proceeding last minute in cash to save the heavy fees and down valued end product. But as said in your video, if I didn’t have the available cash I would have bit the bullet and proceeded using this method even tho it had its negatives

@solution777 Жыл бұрын

very good point and like so many concepts, its great in principle until life gets in the way. Bottom line is.... did you come out better than if you had gone down a more conventional route of purchasing a house?

@barrychui1704 Жыл бұрын

The house is complete now, but ended up overspending £10k as I over looked the roof condition and a couple of damp issues, the remortgage would of came in slightly negative what they quoted compared to what iv spent. But.. on the other hand I will have owned the property 6 months next month so I’m due to put a mortgage on it to pull my funds back out. And as you know the mortgage rates now are currently horrendous so I’m going to wait to see if the market settles. In this situation I may have been better biting the bullet and going down the bridge to loan route as i would of had my money back out a couple of months ago now (albeit less money) but i would of been able to approach some motivated sellers in the market right now. Cash and remortgage is definitely the better option if you can afford it, but as the market has took a turn for the worse then this time the bridge to loan would of been a better option for me on this occasion.

@solution777 Жыл бұрын

@@barrychui1704 Well done for taking the action on this, must have caused some sleepless nights. Best of good fortune with your next venture!

@maranatharoric Жыл бұрын

That's why I was thinking , to go for company , who only gives you bridge and refurb finance

@ketan6213 Жыл бұрын

Hi Samuel From what I understand, on the bridge to let, you may also need 15-20k for the refurb to as the the lender pays the refurb costs in arrears. Isn't that correct?

@masterpiece3155 2 жыл бұрын

Thank you Top Man!

@felixchofor6351 Жыл бұрын

Wow. Impressive

@mohmda4449 2 жыл бұрын

does this work if you have zero savings but have lots of equity in your own home? just thinking if this would be way of buying second home and actually getting first btl ?

@jsl1864 2 жыл бұрын

This strategy worked for me especially buying at auctions sterling capital group does my bridge loans

@sterlingcapitalgroupltd5996 2 жыл бұрын

It was a pleasure working with you, thank you for the mention

@shabaz.m Жыл бұрын

Hi Samuel! Loving the content! Just out of curiosity, where did the 60 x 4 come from, so I got the logic behind it

@dannybarnaby7101 Жыл бұрын

60k is what the deposit and stamp duty is . X 4 is to make the 2k a month profit

@KAMRANALI-ly6yn 2 жыл бұрын

Excellent

@safiansheikh 2 жыл бұрын

Thanks Samuel!

@SamuelLeeds 2 жыл бұрын

You’re so welcome

@guysimbabawe4675 2 жыл бұрын

Good video thanks for sharing @samuel leeds, it looks like you forgot to share the list of lenders offering such bridges to let products. Thanks 🙏

@feargalwalsh1986 2 жыл бұрын

He didn't forget lol

@brucepeel4325 Жыл бұрын

Does anyone know if a bridging loan has to be in a personal name or a limited company😁?

@simonnorcliffe5877 2 жыл бұрын

Hi, very interesting video 📹 I've been renting properties out for over 27 years. Great business to be in. I've had well over £325,000 in rents over the years. Plus the value these days is amazing 👏

@drosman2872 Жыл бұрын

But interest is too high any tips

@markholland4501 Жыл бұрын

Brilliant vid want to get into this info please

@EdTheDudeChannel Жыл бұрын

Something missing from the video is that the bridge company will also charge interest upfront - or as a rate this is not an interest free loan. Meaning those figures will change slightly but yes a cash offer is always best!

@STARZldnlyfe 2 жыл бұрын

Does the bridge loan only work on houses in non livable conditions

@Liverpoolsupportersni 2 ай бұрын

One word Samuel genius 🙏🏼

@thhhumbsup4718 2 жыл бұрын

Thanks

@SamuelLeeds 2 жыл бұрын

Welcome

@niallmcainey2374 Жыл бұрын

What constitutes as an allowance to pay £0 Stamp Duty, you said inhabitable, can somebody explain how this works in more detail?

@KrisSmith-ss7mh Жыл бұрын

Hi Samuel , is it possible to get a 100% of the deal for people who are struggling to get money upfront

@RonanTOC 2 жыл бұрын

Appreciate all you do Samuel. Sitting on all cash right now but with your help I will become financially freeeee!

@maranatharoric Жыл бұрын

How to get the lender who gives you bridge , return and refinance ?

@FlyingFun. 2 жыл бұрын

It's an expensive way of doing it, interest rates and fees are higher than a normal mortgage and you will pay fees on both products. Like everything else in investing it will work IF you do it properly AND values keep rising , the second you see prices go down or stagnate these risky strategies lose money fast.

@jux9275 Жыл бұрын

Is this product applicable in Republic of Ireland as well?

@rezamotin7305 2 жыл бұрын

Doing this at the moment. It’s frickin expensive!!!!!

@preddes6522 2 жыл бұрын

samuel what lenders do you recommend then?

@goldenleafclinic 2 жыл бұрын

Why not just save what you can and buy what you can. Do it up, sell or rent it. Less riskiest highest reward

@chanhenri9172 2 жыл бұрын

I cannot find the bridging loan list in the so called descriptions, can you post in this message thks a lot

@IllegalHelios Жыл бұрын

I dont understand how it's free as surely theres interest to pay on the first 2 loans? The refinancing loan will also have interest will it not? I understand renting the property will likely pay off the interest and some of the loan but isnt that money meant to be profit?

@ukdrilla8553 2 жыл бұрын

Nice. But wouldn't you still have to get a 50k loan to pay for the mortgage?

@willowitsapololife3674 10 ай бұрын

I nterested

@Daniel-be7mu 2 жыл бұрын

Don’t know if I’m being stupid but can’t see the companies that offer this product in the description?? Great video, thank you 👍

@ruhroseclothingltdrcl4243 2 жыл бұрын

I have noticed the same and commented too

@thetruth3435 2 жыл бұрын

They all do it..just ask them

@leelowthian6467 2 жыл бұрын

I've been viewing a few properties and making some bids but the estate agent saying they want proof that got the money and tell them getting as a bridging loan and they don't give money till seen proof of bid been accepted how do get round this

@maxsherhod4460 Жыл бұрын

What are the average interest rates on bridge loans?

@stepin2success Жыл бұрын

Funny, I was wondering if you could do this!

@markfenby3208 Жыл бұрын

Using the figures presented in the clip, with mortgage rates now at 4.4% and more on BUY-TO LETS, once your project is completed and you do your re-finance, your new mortgage will be a minimum of 840 quid per month[ 25 year ]. Your rent will be approx 1000 quid a month, once you take out TAX, letting fees etc you will be running at anywhere form 200-400 quid a month loss on each property or am I missing something? Thanks for anyones time in advance on this matter.

@markfenby3208 Жыл бұрын

PS Is stamp duty due if its your second property [ie 3%] ?

@snickerdoodlepop Жыл бұрын

Are bridging company's available in the USA??

@markthorne365 2 жыл бұрын

hi samuel sick of my 9.5 and my wife having to work hard got money to invest love your posts when is the next course please I'm no youngster 58 but your course could be our answer please let me know kind regards Mark

@rfmrs2506 2 жыл бұрын

Sound, lets do it!

@king_louielouie4919 2 жыл бұрын

Can you look at USA and tell me what people can do here. You could destroy both major markets. We have wholesaling properties here but can you help me find a loophole like UKs. Would be a crazy episode. 🙏 please and thanks

@nash8489 2 жыл бұрын

All ok in a rising market. Now prices are stagnating and falling - loading yourself with debt and costs when your end product will be worth less than you think could put you in serious trouble.

@ashpervaiz2211 2 жыл бұрын

looking to borrow to build house on land my parents gifted me any ideas

@akay8235 2 жыл бұрын

Where exactly are these lenders please?

@SR-fi8ef 2 жыл бұрын

Did anyone find the link to the company offering bridging loans?!

@robertweaver1735 2 жыл бұрын

Samuel what the name of the site you on so I can buy deals off your students they package them and the buyer just pays the fee looking 4 freehold houses in westmidlands cheers

@SamuelLeeds 2 жыл бұрын

Check out our Facebook group “property investors with samuel leeds”

@thatginettaguy1714 2 жыл бұрын

I didn't know you didn't pay stamp duty on fixer uppers!

@arijzafar564 2 жыл бұрын

Hey I can't seem to see the lenders offering this product in the description can you please check it is there?

@jsl1864 2 жыл бұрын

I got my bridge loan done with sterling capital group

@sterlingcapitalgroupltd5996 2 жыл бұрын

@@jsl1864 was a pleasure working with you

@seancrowe3353 2 жыл бұрын

@@sterlingcapitalgroupltd5996 do you do bridge to let or just standard bridging?

@sterlingcapitalgroupltd5996 2 жыл бұрын

@@seancrowe3353 we do both, as well as residential mortgages, if you have other assets with equity we can also do 100% Bridging.

@joe29444 2 жыл бұрын

Sterling capital helped me with my mortgage last year during the pandemic, they also completed a bridge with my uncle who's into development

@DazG2496 2 жыл бұрын

Would a lender offering this product consider first time investors or would they be looking to see a track record beforehand? Might be a basic question, just not overly educated on bridging loans. Thanks for the vid Sam!

@steelcitydomains2356 2 жыл бұрын

Good question too ,👍👍👍👏

@SamuelLeeds 2 жыл бұрын

Every lender is different but this product works for newer investors as well as seasoned ones 👍🏻

@michaelquigley109 2 жыл бұрын

How can I get in touch with you Samuel?

@JuanManuelSalazarCastro 2 жыл бұрын

Samuel could you please give us the list of some lenders that offer bridge to let? Thank you

@katielevene4566 Жыл бұрын

When you get a Mortgage to pay off a bridge loan how would that work as the mortgage is paid monthly ??

@talmanyurkovich4486 Жыл бұрын

The mortgage works like any other. The bank buys the house with the £200k and you pay it back to them monthly. Therefore the bank pays off your bridge loan and you pay the mortgage back as normal monthly.

@curssin Жыл бұрын

How is it a free house if you are paying back £150,000 at 3%?

@lauracouture5660 2 жыл бұрын

Where have you been all my life?!

@kingbayo9358 11 ай бұрын

This is a brilliant way to flip money around, the only downside to it is that most lenders are only making this products available to existing landlords.

@breach8813 Жыл бұрын

Wish I had 30k, I just don't understand how you can take all this debt out and then let the house out at the end and somehow still make some sort of profit, I'm confused

@jean-leonollo2989 2 жыл бұрын

It’s doesn’t really explain how you take back your initial deposit out recycle it for another venture?

@markfenby3208 Жыл бұрын

Re- finance

@juliegeorge8533 Жыл бұрын

I don't understand how this is a free house? Surely the new mortgage of £150k pays off the bridge of £70k purchase plus £50k refurb ( plus interest etc.) and presumabably refunds the original £30k deposit ( freeing that up for another use) and you now have a £150k mortgage with £50k equity in the now refurb-ed property. ?? Not quite free but pretty amazing!

@TheLloydA1 2 жыл бұрын

if your borrowing 150k not 100k then surly you will need more then 30k to put down given that most bridging loans will only lend you 60/70% of the amount you need? plus what about the interest on that loan, bridging loans normally have really high interest rates so you would need to factor that in aswell. great video tho, appreciate the content!

@FlyingFun. 2 жыл бұрын

Yeah bridging loans have been around for a long time , the interest rates and fees are high and generally a last resort when moving between homes if one hasn't quite sold before the one you need to buy. Sounds very expensive and risky way to fo it.

@pedridemperi9872 8 ай бұрын

It's called the double bridge. 70 percent first charge and remaining 30 percent of cash sale plus development is assignes second charge. Full funding by two loans.

@TheSpence68 2 жыл бұрын

You don't end up with a free house. You didn't explain the interest on the bridge, which is expensive. Just saying buddy

@farrellhd 2 жыл бұрын

I was also wondering about the interest.

@markfenby3208 Жыл бұрын

@@farrellhd And arrangement fees etc

@jamesp877 Жыл бұрын

@@markfenby3208 A large number of the fees are actually taken out at the beginning of the loan. If you get a bridging loan for 75k, and have 5k in fees, they will give you 70k. Or they can take the fees once the house has been sold, and you pay them from the profit. There are even loans where you they simply tally up the amount of months it takes for you to sell, work out the interest, and charge you at the end, meaning no monthly repayments. Some lenders are extremely flexible in this regard.

@MrJayAli100 Жыл бұрын

Yeah he did, he said 3% interest or so

@j.t2133 Жыл бұрын

It is a free house, as you don’t use any of your own money in the process. The all charges, fees and profits, should be factored in to be covered by the new valuation. It’s genius!

@fedibengals 2 жыл бұрын

Where is the list in the description?

@SR-fi8ef 2 жыл бұрын

Yeah same question I have?!

@feargalwalsh1986 2 жыл бұрын

There is no list. This is clearly bullshit. Dont click on any link for his FREE course or whatever way hes trying to get your money.

@jamiemarkel6654 2 жыл бұрын

Bridge loans must be only in the UK?

@jamiemarkel6654 2 жыл бұрын

Or is it another way of saying hard money lender…

@jamiemarkel6654 2 жыл бұрын

Or a short term loan

@kalamuddin4253 Жыл бұрын

Hi can u get me a buy to let mortgage pls

@Nonegiven14582 Жыл бұрын

How do you make £500 a month from £1000 rent? please?

@moneyquotesforever 2 жыл бұрын

Ok let me recap this, you got 30k you borrow 70k to buy a house for 100k then borrow another 50k to refurnish the house and now it’s 200k then you take a 75% of the new house value loan that is 150k and you pay the 120k debt back and with the extra 30k you just do the same process again did I miss anything?

@anthonymorgan6629 2 жыл бұрын

come on samuel when can u help me pls pls

@mattdempseyownz 2 жыл бұрын

thats extremely higih ltv for bridging finance

@ArnoldSwarc Жыл бұрын

i got 25k eur to spend what can i do? i am foreiner from eu

@ArnoldSwarc Жыл бұрын

joint venture?

@superman1181 2 жыл бұрын

Sammy i rock with you brother, but did you just say you can’t use the £240,000 borrowed from a friend as a deposit because they’re gonna say it’s not your own saving. That’s sounds crazy to me.I’d borrow it from a friend and say it was a gift. Anyone can gift anyone any amount of money they like no problem what’s so ever as far as I’m aware

@talkingballs 2 жыл бұрын

Anti-money laundering rules.

@superman1181 2 жыл бұрын

@@talkingballs and when they see that nobody has laundered any money then they can’t say a word Just know anyone can gift anyone as much money as they please after they have paid the taxes on it.

@salmanbana8678 2 жыл бұрын

If make it make sense was a person ✅

@CRAZYCR1T1C 6 ай бұрын

And money is free to borrow

@irakli9604 Жыл бұрын

How it is a free house, you still have to pay the last £150k with 3% mortgage ???

@mannymedia6311 Жыл бұрын

Rent it out

@bouwah85 2 жыл бұрын

Risky, bridge loan is very short and expensive 😎

@alexharrison5426 2 жыл бұрын

the bbc exposed this guy so bad! I remember him saying by the age of 19 he had 6 properties and it turned out it was all lies and he was actually a magician all the way up to 25 years old. This explains his great stage presence and gift of the gab

@SamuelLeeds 2 жыл бұрын

I did have 6 properties aged 19. I think you need to do some proper research as i rebutted everything and bbc have done many updates since.

@Daniel-be7mu 2 жыл бұрын

He also gets a lot trolls lie about him. The guy is giving great content, if you don’t like it don’t watch it.

@RichardLLowe 2 жыл бұрын

Bitcoin is the future investing in it now is the wisest thing to do now especially with the current rise, Despite all the economic crisis this is the right time to start up an investment

@talmanyurkovich4486 Жыл бұрын

Samuel-Saving for 10years for a deposit is the old way. Also Samuel-You only need £30,000 of your own money for this new method.

@chriswelsh4397 2 жыл бұрын

In principle it works but in reality it won’t because You won’t find these deals in today’s hot market !!! You will NOT find a run down house for 100k that when done up is worth 200k. The free house bit is very very unlikely to happen. More smoke and mirrors in order to dupe you on to one of scamuals expensive courses. Scamual makes huge amounts of money from his courses !!! Not from property 🙄 you’ve been warned.

@Paul-ki3st Жыл бұрын

A bridge to let is just a high interest buy to let that you try and reduce the interest rate on later. More misleading nonsense

@benitoscamelos5630 5 ай бұрын

A bridging loan sounds like a hot potato. Not something you want to have for very long.

@anthonymorgan6629 2 жыл бұрын

help poor man get rich samuel i am your man come on

@TheBuddaBrot 6 ай бұрын

you do know you need collateral for a bridge loan right? lmfao

@itsjustanidea 2 жыл бұрын

bridging finance is nothing new. don't waste your time or money on this illusionists videos and courses. speak to companies offering mortgage products. they will explain them fully and will tell you exactly what they will cost you.

@SamuelLeeds 2 жыл бұрын

Thanks for watching the video 😉