Episode 15

Our property financing


March 11th, 2020

22 mins 15 secs

Your Hosts

About this Episode

Stuart and Simon talk about financing property and how they do it.

Simon's oldest mortgage is actually still a residential one with consent to let and it's an old mortgage! In fact his oldest two mortgages are both very low trackers which makes them hard to give up, despite the potential to extract further funds.

Stuart doesn't have any old mortgages! He's strictly a short term, fixed rate, mortgage user. Aiming for maximum flexibility at minimum cost. He has even chosen flexibility and avoiding ERCs (Early Redemption Charges) over a cheaper rate at times!

Simon and Stuart compare their typical LTV (Loan to Value) rates and discuss what a high LTV can mean. Is it safe and when does it matter?

The discussion moves on to bridging finance - how is it different from a traditional mortgage? Typical rates and the application process are discussed along with other factors.