Therealhyper

Thanks to everyone for your input, very helpful! I may buy a 2nd property, as a new home and put my current on rent ? So IF I cleared the mortgage and later decided to buy a 2nd property, would the 2nd property mortgage have to be a BTL product ? Or can it be a residential mortgage...? And I assume I still pay the stamp duty for 2nd property?

hello all, I am unsure of what the future holds so wanted to clear my mortgage and have enough savings to do this now. But I wanted to ask if I was able to pay the remaining finance on my mortgage, would it put me in a better position to re-finance in the future, should I choose to ? Thanks

Good stuff..would be intresting what accountant suggests Good luck

Hello Richard, Great insight and always good to hear feedback and even better from the more experinced guys/gals who are living and breathing the trade - so do appreciate your feedback :-). For me it depends on which locaton I go with, as some locations may allow me to buy upto 2/3 propertys in a short period (I would staggger them enough to try and give me time to turn them around). Turning them into a HMO could provide some income and I may consider parttime work, our living expense's are low so though the rental incomes will no way match salary, it maybe

Hello, You probably know this already ? You may get hit by the Capital Gains Tax, if you transfer owernship from private to limited ? But if your plan is long term, then the tax loss may payoff long term (assuming value of your property's continues to increase).

Hello all, Hope you are all well :-) I was hoping to discuss some of the points below with you to gather your thoughts. I am a bit of a novice in property business so am trying to be a little careful with the pot of cash I have for my 1st project. I am in a full time professional job but after decades of working for others am planning to take some time off (as long as needed) to have a go in the property area. I have set up a limited company and have a mortage in princple (for BTL) but not sure whether to make a move now or wait for the rig

Hi, just wondering how you got on with your project ?

Oh ok Assuming that will be against an existing property? Like a charge against my house typically what sort time period would this be again't the property? Life time of the Mortage arranged ?

Hi, I own my own property and am looking at what the available options are in BTL through a Limited Company...are there Mortages available if I purchased the initial property through the company for the purpose of BTL ? Thanks

Hi, I own my own property and am looking at what the available options are in BTL through a Limited Company...are there Mortages available if I purchased the initial property through the company for the purpose of BTL ? Thanks

Hi I am looking at BTL via a Limited Company. I am looking at finance options through lenders an wondering what my options may be considering I am a consultant working through my own Limited company I take a small wage and dividends. Would this reduce my options of available lending ? Thanks

Hi -What sort of ££££ are we talking in those areas ?

Hello guys Hope you are all well I am a IT Consultant by trade and hoping to get into the property trade so I can hopefully give up the 5am starts I am doing to travel into the city !!! Any tips and advice appreciated I have just made a post on some query I have about getting into the art of owning a property portfolio !! Thanks all

Hi, I already own my own home and also named on a mortgage with my Father on another house (this is soley my father's house and has been for the past 20years). I have managed to save enough money to purchase a house ... all in cash. I would like to invest into property and am hoping to build it into a good long term business but I am not sure of the best long term strategy. The houses I have seen are under £100k which I believe are under the stamp duty threshold. I understand I could set up a limited company and purchase the house through the company but as it will be the 1st house throu