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In this groundbreaking video, Dan Eaton, the highly knowledgeable lead trainer at Progressive Property for Commercial Conversions, challenges the prevailing media narrative that declares the demise of buy-to-let investments due to impending interest rate rises. With his extensive expertise, Dan Eaton dives deep into the subject, providing a much-needed sense check for landlords, property investors, and developers alike.
Amidst the hype and sensationalism, Dan Eaton urges viewers not to panic and instead approach the situation with a level-headed mindset. He emphasizes the importance of obtaining accurate information and understanding the terms of current mortgage products. By examining when fixed-term mortgages expire and the corresponding standard variable rates, investors can accurately assess the potential impact of interest rate rises on their mortgage payments.
To alleviate the potential burden of rising rates, Dan Eaton presents practical strategies. One such approach is overpaying the mortgage to gradually reduce the total mortgage balance, thereby minimizing the impact of increased payments. He highlights the significant impact that even a modest additional monthly payment can have in reducing the overall balance.
Additionally, Dan Eaton explores the option of reducing the mortgage term as a means to decrease interest payments. By shortening the mortgage term, investors can potentially save a considerable amount on interest costs over the long run. He also encourages individuals to consider fixing their mortgage for a longer period with their current provider, ensuring stability in an unpredictable market.
Addressing the concerns surrounding rental income, Dan Eaton highlights the buoyant rental market, primarily driven by the national housing shortage. He advises landlords to regularly review and adjust rental prices to align with market rates. While it may seem daunting to increase rent regularly, he explains the long-term benefits of incremental adjustments compared to sudden, significant increases that can strain tenant-landlord relationships.
For those considering entering the buy-to-let market, Dan Eaton introduces an innovative solution: commercial conversions. By repurposing unused or abandoned commercial properties, investors can contribute to solving the national housing shortage while expanding their property portfolio. He explains the advantages of commercial conversions, including the ability to create multiple rental properties from a single project and leverage the scale to secure favourable buy-to-let mortgage terms.
To delve deeper into the topic, Dan Eaton invites viewers to download a comprehensive guide on getting started in commercial conversions, accessible through the link provided in the video description. He emphasizes the simplicity of this strategy, highlighting the abundance of commercial properties such as closed shops, defunct banks, and unused offices that can be transformed into lucrative residential accommodations.
Stay informed, empowered, and ahead of the curve with Progressive Property’s expert insights. Don’t miss out on this in-depth video that debunks myths, provides actionable strategies, and unlocks the potential of the property market.
#BuyToLetInsights #PropertyInvestmentTips #InterestRateRises #PropertyMarketAnalysis #CommercialConversions #LandlordStrategies #MortgageManagement
For MORE check out this video: https://youtu.be/IKrJYsOIlL0
0:00 Buy-to-Let Apocalypse! Interest Rate Rises Spell DOOM for Landlords
0:39 Do Not Listen to Media FEARMONGERING
1:54 How to COMBAT Rising Interest Rates
4:30 National Housing Shortage Forcing DIFFICULT Choices
6:23 How to AVOID the Buy to Let Apocalypse COMPLETELY
8:30 FREE DOWNLOAD
8:49 BONUS TIP for Commercial Conversions
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