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sarah Ferris

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  1. If you need a mortgage broker I use Andrew Bowles from Vincent Burch. He is great and will tell you your options pretty quickly so you can move forward.
  2. Having done some flips in the past and also have standard BTL's I would tend to look at the yield it will produced if you hold it and re finance. Is it in an area that has potential growth. If so, that property, if it rents well, could be more valuable to hold onto and when the property increases in value and hopefully rental yield as well you could then release more capital for another project. You would have also taken the money released when you refinance it now and continued your property journey but have the potential to tap into the first properties growth at a later date. That would be my preferred option always. But only if the numbers work as a rental. You don't want to be leaving more cash in the property to meet the BTL mortgage stress tests than necessary as that money may be better used in a better yielding property for example. At the end of the day you need to work out where is that money going to work the hardest for you. I have done refurbs and flips but the best purchases I have made are actually tenanted BTL apartments that yield really well. I got income from day one and the money I have invested is significantly less than money I have tied up in a flip I decided to hold and rent. If income is the aim then perhaps that is a route better suited unless you are making significant profit from flips. hope that helps!
  3. Hi All Fab Forumers I have just launched a True Crime podcast - the story of my sisters encounter with a serial conman. Think Dirty John 2.0! Here is the link to the trailer or you can find it anywhere you listen to Podcasts - Apple, Spotify etc. Just search Conning the Con. https://open.spotify.com/episode/3qvqvZSX20kpSPHwRm9i5R It is a totally bonkers story and you may even learn something along the way as we are joined by Clinical Psychologist, Dr Sophie Muir, who sheds light on the workings of the criminal mind. Appreciate your support and if you like it please share far and wide. But the other reason for my post is now I have finished creating Season 1 I am looking for stories for Season 2. It. may be that they will be one episode per con story - unless it is another epic tale like the first season! So I wondered if there are any Hubbers who have a con/fraudster story they would be willing to share. The aim is to expose the different techniques the world's oversupply of fraudsters use so it makes it just that much more difficult for them to operate. If you have a story or would like to get in contact you can find links find the links on the shows website : https://shows.acast.com/conningthecon/episodes/5ff47bb17393965393176133 Or contact me on the podcasts socials: Twitter @conningthecon1 Website https://shows.acast.com/conningthecon Insta @conningthecon Facebook https://www.facebook.com/sarah.ferris.52012 Thanks in advance for your support Hubbers!
  4. Hi Just came across a new company that looks like a great tool as gives estimates yield long and short term lets etc. It is called Yuvoh. Just wanted to see if anyone else has heard of it or used it and found the pricing to be acurate?
  5. Hi Oh Mighty Forum I am hunting down a very specific UK Lender. I am wanting to purchase a BTL/holiday home in France. We don't meet the French banks mortgage requirements because they don't like Interest Only mortgages - we have 3 BTL's on these in the UK. We can release equity for the deposit but really want to purchase something more expensive than the deposit will allow. Hence we need a mortgage BUT it needs to be from a UK lender. Anyone know anything about doing this? Any advice gratefully received! Sarah
  6. Hi Happy to provide a staging quote for you to make your place stand out on the pictures and get more foot traffic through. Good luck sarah
  7. Absolutely, sarbelproperty@gmail.com where are you based?
  8. Hi Rob's I have a question for a ask rob and rob or maybe an episode. I have a Ltd company that I use for flips, so it is a trading company and can't be used to hold property in for BTL's. So my question is if I refurb a property with the intention to flip and then decide I want to hold it, do I have to move it into a holding Ltd company and if I do this, does it have to be sold to the holding company from the trading company incurring Stamp Duty? Or is there some kind of SPV or some other work around that I don't know about? Can I move it from the trading company to a subsidiary or something ? Regards Sarah Ferris
  9. Hi Jordan I am in the same position. Have a bit of grace time before I need to file but have been putting it off because seems like such a mission to do it myself. Interested to know how you get on. Sarah
  10. Hi Matt and Lance I set up a flipping Ltd company last year and completed my first renovation this year. It completes next week. I am based in London but the Flip I did is in Sheffield. I was recently featured on the Property Hub podcast on the episode called 'The Journey part one', I think that is what it was called anyway. So rather than me rattle off my background you may just prefer to listen to that. Anyway the reason your post caught my eye is I have my next flip in conveyancing in the LTD company and it looks like I will be needing either investors or someone to sell the deal to for a sourcing fee. My husband is a contractor and the timing of him not having a contract at present means this next property is a little too soon for me to invest in myself. However I have a project manager in Sheffield that I partner with (who also would like to invest in this next one, as we worked so well together last time). There are several options available in terms of how we could structure working together, also very happy to share my knowledge with you having completed the first one. If you would like to discuss further please email me on ukferrisnz@yahoo.co.nz. Might be worth replying that you have emailed me on this thread so I don't ignore an email that might have gone to my spam folder. Regards Sarah Ferris
  11. Hi Does anyone know what the capital allowances on a flip properties should be. I have a property purchased in one financial year in a ltd company and the accountant is unsure of how to deal with the capital allowances on it as it will show as sold in the next financial year and she wants to make sure we do it right. She isn't a property specialist accountant but is my accountant for my other business so makes it easier using her. I have had a consultation with Property Hub Tax but didn't know to ask that at the time and now can't get hold of the person I had the consultation with to ask. Any help appreciated.
  12. Hi Oli I am in the process of purchasing a semi detached 2 bed in Sheffield, the plan being to flip it. I was going to do a single story kitchen extension only and velux out the loft space to make a third bedroom but having spoken to my real estate agent up there (I am London based) he said a dormer room with ensuite would mean he could definitely add £20k to the sale price once done. My question is how much does a dormer realistically cost to do. The width of the house is approximately 4.3m and the depth 9.9m but not sure how much of the 9.9m is usable as it will have one side pitched still if that makes sense. Do you have any idea how much it would cost to build the dormer and is there are formula you use to work it out? Any advice greatly appreciated.
  13. Hi All I am offering on a Property that I will be purchasing for cash and it will be a flip so need a Solicitor that is used to processing cash purchases. I am based in London but the Solicitor doesn't need to be. Any one used anyone they would recommend?
  14. pretty sure there was an architect on the hub offering free advice. Sorry can't remember who but worth trying to find the thread for you.
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