Add a standard percentage you foresee paying angel investors as interest rate on the loan.
Application fee: if applying for a loan with a bridging company or a mortgage provider incurs a fee, you can add the monetary value here. This could also be your broker's fee.
Other fees (one off) - monetary: if you will need to pay any other fixed monetary fees (that means, not relative to your loan amount), you can add them here. This could be administration fee, for example.
Other fees (one off) - percentage: should your loan include any other fees that are relative to your loan amount, you can add the percentage here. This could be entrance fee, or exit fee, for example.
Interest: This is the standard interest rate you forecast to pay monthly or annually.
Add the standard value you expect to pay for legal fees.
Add an estimated value you foresse to pay annually on holding costs. These usually include council tax, utility bills, building insurance and others.
Loan to value after refurbishment: This is the percentage you expect to get from the mortgage lender related to your done up value. For a BTL, loan to value is usually not higher than 75%, for example.
Mortgage interest rate: This is a standard value for the annual interest rate. We recommend you use a high value, to stress-test your deal.
Monthly expenses: This is the percentage you expect to spend from the rent on general expenses on the property. Rule of thumb is 10% for BTL.
Management fee: You can add a percentage that will be removed from the received rent towards the payment of your management agency. Rule of thumb is 10% for BTL.