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Therealhyper

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About Therealhyper

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  1. 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?
  2. 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
  3. Good stuff..would be intresting what accountant suggests Good luck
  4. 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
  5. 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).
  6. 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
  7. 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 ?
  8. 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
  9. 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
  10. 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
  11. 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
  12. 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
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