This week we sat down with Sam Norris, @thesamnorris The Property Investors Broker, and enjoyed chatting through some of our frequently asked questions on mortgages, lenders, best practises for investors, money management and bridging finance.

Sam Norris
Facebook Facebook.com/samnorrisproperty
LinkedIn LinkedIn.com/in/thesamnorris
Instagram Instagram.com/thesamnorris
Twitter twitter.com/thesamnorris
YouTube @thesamnorris
Tiktok tiktok.com/thesamnorris

⏰TIMESTAMPS ⏰ Questions about Property Finance

00:00 intro

1:10 Am I allowed to I rent my house on my current residential mortgage?

1:55 What happens if you don't get consent to let and you rent your house out?

2:34 is it hard to get consent to let, do you need a good reason?

2:50 how to get your mortgage lender to give you consent to let (renting out your house)

3:36 can I invest in property if I don't own a home?

3:47 I’m a first time buyer and first time investor, are there any mortgage products out there for me?

4:15 how to invest in property if you don't have your own home

5:10 what is a backdoor residential mortgage

7:00 How much can I afford to borrow for a mortgage?

7:15 The old days of self certification mortgages before the credit crunch.

8:20 Getting 110% mortgages

8:57 how much can you borrow for a mortgage in 2023?

9:07 how do lenders work out affordability for mortgages

9:55 do lenders look at buy to let mortgages different to residential for affordability

10:00 how to lenders work out if I can afford a buy to let mortgage

10:18 What is the affordability criteria for buytolet?

11:10 what is top slicing in mortgage applications? what does top slicing mean in finance?

11:54 Does a missed payment affect getting a mortgage?

12:30 How much does 1 missed direct debit payment affect getting mortgage? credit score

13:00 how to manage your money as a property investor

12:35 Can I get a BTL mortgage if I have a poor credit history?

14:40 How does my debttoincome ratio affect my ability to get a mortgage?

15:28 are you still personally liable if you buy property in a limited company?

16:25 what happens if things go wrong in a limited company?

17:26 Is it harder to get a mortgage in a limited company rather than a personal name? Is there anything I should know or consider before I apply as a ltd co

18:00 which high street mortgage lenders lend to limited companies for buy to let

19:00 limited company or personal name for an investment property?

21:08 How much deposit do I need to buy a UK investment property? Is it always 25% minimum deposit down.

22:09 how much deposit for bridging finance?

23:34 is bridging interest always deducted upfront from the net loan

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We are Lia and AK, and we're excited to share our journey with you as we navigate the world of property investing, business, and working together as a couple.

AK: I left my corporate job after experiencing mental and physical health issues, and we started our YouTube channel to document our journey as new property investors in 2019 with no upfront capital. Expect weekly videos where we provide project updates, share best practices, moneysaving tips, and our learnings along the way.

Lia: With nearly a decade of experience building my own entertainment channel on YouTube from 0 to over 330k followers, the unpredictable nature of a content creator's monthly income took a toll on my mental health. Starting my property journey was my way of futureproofing my income and creating a stable, regular source of revenue. Ultimately, my goal is to build a secure financial foundation for our future family.

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