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The Property Podcast
ASK463: How can I use the equity in my home? PLUS: How can I track mortgage rates?
Feb 11, 2025
Listeners dive into intriguing questions about property equity and investment strategies. One listener grapples with the decision to rent or sell an inherited home worth £650K to invest in buy-to-let options. The hosts provide insights on leveraging inherited equity while considering mortgage options without current income. Another listener seeks reliable resources to track UK mortgage rates as fixed-rate periods expire. The discussion highlights the value of mortgage brokers and comparison tools in navigating the ever-changing landscape.
06:37
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Quick takeaways
- Leveraging available equity from inherited property can help in building a profitable rental portfolio despite mortgage challenges.
- Consulting with a mortgage broker provides tailored guidance and crucial updates for navigating the evolving mortgage landscape effectively.
Deep dives
Maximizing Property Value and Rental Opportunities
A couple inherited a house valued between £600,000 and £700,000 and is considering renting it out instead of selling it to purchase a new home for £550,000. Due to the wife's lack of employment while raising a toddler, obtaining a traditional mortgage may pose a challenge. However, using the potential leftover equity could enable them to start building a property portfolio, despite the complexities involved in securing a buy-to-let mortgage. The advice emphasizes leveraging the available equity to invest in more promising rental properties, rather than relying on their current less profitable location.
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Discover
highlights
Listen to the best highlights from the podcasts you love and dive into the full episode