Nc Real Estate Podcast

Click Here to join my Webinar on Monday 6th December The 5 Step Process to nailing down and executing your Property Investment Strategy...over the next 12 months - https://ncrealestate.co.uk/december2021 It took 6 months to go through but finally the commercial property in Barnstaple completed!! There are a lot of lessons that I’ve learnt here: If you buy a commercial property (that’s wholly commercial not mixed use) lending is harder to get which makes it more expensive… eurgh 7.3%. The reason being, lenders think its risky because its low value which MUST mean your tenant isn’t that great If you simultaneously exchange and complete on the same day the lender is going to want you to get insurance on the building before you own it… to resolve the problem make sure you agree a quote with the insurer first and get them to start it on the day you want to complete Second charge loans are expensive and the legal fees may mean its better to go through a private investor… I’ll let you make that decision when yo