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I’m restarting my lapsed Blog with a piece of good news that’s come “out of the blue”. Sign up HERE.

A lender has reviewed a fixed rate loan set at 5.49% several years down to 3% above base showing  a saving of £195 pcm! Not much perhaps, but well worth appreciating over a glass of bubbly tonight.

The loan was on a problem property up until two years ago until I gave it a light refurb – new kitchen and a paint job inside and out, then learned how to let it to multiple Housing Benefits claimants. The cash flow is now £830 pcm after mortgage interest, all bills inc. insurance, safety checks and £20 per room per month toward the maintenance sinking fund. Not bad for a house worth 150k.

Want more information about the financials for a property like this?  Download an extract of my Presentation at recent Property Investor Meetings in either PowerPoint or Handout pdf format and please post your feedback:

PowerPoint (15MB)                    Handout (19MB)