EvolutionBlogger

I don't know anyone sadly, but I don't think a solicitor will help you in this situation. Solicitor's aren't cheap, so the cost of hiring one will quickly creep up. Also there's no guarantee of getting your money back. It may be the case of 'throwing good money after bad. You may need to get active on legal forums, and get some free advice.

I don't know the exact details of your terms, but in general there is no loophole for properties held inside limited companies. The Government set up these schemes to help people become homeowners, not to help us 'evil landlords' become rich...

It all depends on how much credit card debt you take, and how much money you earn. As long as you earn enough to pay back you credit card debt, you should be fine. For me, I've used credit cards for short term cash flow when I need to close a deal. Debt is an amazing tool, when used responsibly. It's a little like beer! Great in small quantities. Disastrous if you have too much!

In my experience, 3 or 6 months

It's very common to buy properties with sitting tenants. These days, such properties sell at a premium as there are so many investors out there You will inherit the AST from the old landlord. You should read over the AST, as that is what governs your tenancy. Your solicitor will check if they are up to date with payments. You will get the deposit transferred to you. If they don't do that, then you make a complaint to the dps or tds The gas and electric safety checks are not dependent on the tenant, but are dependent on the property. You should keep these up to date anyway

Everybody thinks 'they have missed the boat.' You need to get beyond that thought and start investing People will always need somewhere to live

With regards to first time buyer incentives (help to buy, lower stamp duty, lifetime ISA), my understanding is that they would look at ownership of property through a limited company. What matters is whether you are a shareholder of the limited company. The shareholder may very well be the director, but they don't have to be. As a caveat, I haven't utilised the first time buyer schemes myself. My answer is from my conversations with other investors. The UK Government doesn't want people that own 20 properties via a limited company using the first time buyer incentives.

I think it would invalidate your status as a 1st time buyer, and you would lose the benefits of being a 1st time buyer. If you own a property or have previously owned a property in the past, then you are not a 1st time buyer. The Government set up this scheme for people who want to live in their home, and not us 'evil landlords'! I wrote an article about Principal private residence and how you can qualify for those tax benefits. You need to be careful, or you will lose these benefits I suggest you buy your residential property now. This way you qualify for help to buy and othe

It sounds like the property has gone

Many parts of London are very competitive. Canary Wharf, Stratford, Lewisham, Battersea etc. are packed with investors. In your situation, there's not much you can do. If the seller has a better offer, then he'll take it I would just do the leg work of visiting properties. When a good property comes up, don't hang about. Hit asking price and take it off the market I appreciate that this isn't what you normally hear over the internet. A lot of people talk about buying BMV and finding motivated sellers... but that talk is mostly bull****. They're just trying to sell you a crappy cour

I dont think you should buy equipment only for taxes. Buy it if you need it

Well, you need to be able to persuade HMRC that some of the income you received this year should be classified as next year for accounting purposes If you received a large sum of money upfront for work to be completed next year, then maybe you can argue that some of it should be considered in next year's tax returns Or if someone sends you money as a retainer, but you only draw down the money when you do the work. Then maybe you could classify it as next years expenses You would need to speak to an accountant about whether this is legit in your circumstances. Most of them wil

You are quite young and it looks like you're planning to buy a few properties. So I think it's best to buy inside a limited company Ltd companies pay lower taxes for larger portfolios and can be passed on more easily The downside with Ltd Co is that accounting costs are higher, and mortgage rates are higher. Also, for basic rate taxpayers, ltd Co taxes aren't lower. So right now, Ltd Co costs would be more However, in 10 years you should have a large portfolio. So a Ltd Co would be the best option at that point. Its not easy to incorporate properties once purchased. The Govern

For Rental Warranty Insurance, I use Paragon Advance. Their rates are good I don't use home emergency cover, as I don't think it's worth it.

A scheme like this will surely create big problems for the future. As discussed above, it will definitely be against the terms of your mortgage. Also, HMRC might not be too happy with this. £1 is not market rate, is it? This could be seen as aggressive tax avoidance or tax evasion Also, what happens when you try to remortgage your property? Nobody will lend you money as the property only earns £1 of rent..