I know it sounds unreal but it's true. When I started buy to let 100% residential mortgages were a new thing.

Well say hello to the 125% mortgage. You are getting mortgage companies giving you 25% of the purchase price if you take out THEIR mortgage. So okay we will!

In the above example if we see a property we want to buy worth £300,000 then they will loan you the £300,000 plus give you another £75,000. (Being £300,000 x 25% = £75,000).

So what do you do with this £75,000?  Well you split this up in to 14 x £4,200 deposits for buy to let properties and the SAME lender will lend to you to buy fourteen £40,000 properties on an 87% LTV Buy to Let mortgage.
I’ve ignored legal fees, arrangement fees and valuation fees because they pay these for you!  Via a £1,000 cashback on completion on these mortgages.

Now if these 14 properties yield at 10% (which we recommend you should only go for) then they will return you £100 profit per property after all costs.  This works out to £1,400 per month. To find out about this new 125% mortgage deal then click here.

If you want us to find these high yielding properties for you then visit our UK sourcing pages.

Ajay.

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Posted on: 26th Feb 2008