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rick b

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About rick b

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    Bolton
  • About me
    First timer ...

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  1. Thanks Charlotte for the detailed reply, we really appreciate it Plenty of things to think about before we proceed down any direction .... Thanks once again.
  2. Hi, I’m hoping that someone can offer some advice on our current family situation. My Gran recently had an accident and broke her hip causing her to be hospitalised and eventually put into a care home. She was living in a bungalow by herself but that’s no longer sustainable. She has had to leave her bungalow and enter into a care home. She is now going to sell the bungalow to help fund the cost of the care home. The cost of the care home is about £32k per annum and after she sold her bungalow along with her other savings she will have around £280k. We propose to keep £6
  3. Hi, I’m hoping that someone can offer some advice on our current family situation. My Gran recently had an accident and broke her hip causing her to be hospitalised and eventually put into a care home. She was living in a bungalow by herself but that’s no longer sustainable. She has had to leave her bungalow and enter into a care home. She is now going to sell the bungalow to help fund the cost of the care home. The cost of the care home is about £32k per annum and after she sold her bungalow along with her other savings she will have around £280k. We propose to keep £6
  4. Hi, Newbie first time BTL purchaser here. About 10 days ago I had my offer accepted on a property i've been following up for a while. The vendor was slow at responding and it turns out it's owned by a large company. Furthermore, that company has just gone into administration (Ive just received the memorandum of sale so was able to Google them) They have active solicitors and the memorandum of sale seems fine. Has anybody been through something similar? Is there anything I should be looking out for?
  5. Searchlight finance, you can do it for less but you generally £75k min - http://searchlightfinance.co.uk/limited-company-mortgages/ Minimum property valuation £50,000 although with most it’s £75,000;
  6. Thanks Rob, really appreciate the advice and of course the podcast/forum/everything you guys do for us
  7. Hi, I've got a £35k deposit in the bank but i'm struggling to decide on where to invest. I'm based in Bolton but work in Manchester city centre and like the idea of self-managing. I have formed a LTD company so will need to buy properties with a min value of £75k to make them mortgageable. Ideally, looking for a light refurb to get me started but the problem is where? My views are: Manchester - still booming and will struggle to get anything decent under £130k near the city centre but possibly the best shot for capital growth?. Salford - be
  8. FYI, I just spoke to Fylde and they're only taking on portfolio investors with >= 5 properties currently.
  9. Hi, I know this is late but i've only just listened and can't find the strategy resources anywhere else on the site? Any pointers to where they are? Cheers, Rick
  10. Hi, Does anybody have any recommendations for each of the above? I will be using a LTD company to purchase properties and own two other limited companies that I am contemplating using the Loan between LTD companies method so would like an accountant that could potentially advise on that. Thanks in advance for any tips Cheers, Rick
  11. Hi, Does anybody have any recommendations for each of the above? I will be using a LTD company to purchase properties and own two other limited companies that I am contemplating using the Loan between LTD companies method so would like an accountant that could potentially advise on that. Thanks in advance for any tips Cheers, Rick
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