Property investment tip 8: Should you use a mortgage broker?

A mortgage broker is a person who arranges a mortgage between borrowers (property buyers) and lenders. Some brokers offer a ‘free’ service because they receive a commission from the lender. Other mortgage brokers charge you a direct fee. Using a mortgage broker to secure a loan is optional. Some people argue that applying for a mortgage directly with the bank is...

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Property investment tip 7: 10 tips for buying a property with your partner

So you and your partner have been dating for a while, and now want to take that giant leap. I am not talking about getting married or having babies. I am talking about buying a property with your partner. Should you? Or shouldn’t you? To tell you the truth, there isn’t a right or wrong answer. I can only share...

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Property investment tip 6: Using ‘equity’ to quickly grow your property portfolio

As a new property investor, you must understand what is ‘equity’ is. Equity is how much of your property you actually own. To calculate your equity, simply identify the current value of your property and minus the loan balance and any outstanding debts. If the amount is negative, this means your property is worth less than the mortgage borrowed. If, however,...

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Property investment tip 4: Can EEA2 Family Permit holders buy a home in the UK?

Thousands of expats, like myself, live in the UK and want to purchase their own home. However, can EEA2 Family Permit holders buy a property in the UK? The answer is ‘yes’ and ‘no’’. It depends on when your visa expires, or needs to be renewed. The EEA2 Family Permit is a five year residence card (visa). This visa allows...

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Property investment tip 3: How many properties should you view before buying?

How many properties should you view before placing an offer? Everyone has his or her own opinion. Personally, I think you should only view seven properties, at most, over a three month period, if possible. You’re lucky if you find a property sooner! You might suffer from ‘buyer’s fatigue’ if you view too many properties, and had your offers rejected....

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