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  • Location
  • Areas I invest in
    London - 2 bed flat (2014); Crewe - 3 bed terrace (2017); Crewe - 3 bed terrace (2019)
  • About me
    Originally from Sydney, Australia, now settled in London. Looking to build an empire...
  • Property investment interests
    Setting property strategies and goals
    Listening to/reading property, entrepreneurial and mindset podcasts/books
  • My skills
    Love spreadsheets
  • My goals
    Retire in 2032 with a desired net income, travelling the world

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  1. Hi Su Va Congrats on the purchase! Shame about the experience and service your received. I also remotely invest in Crewe (based in London), with a couple of standard 3 bed BTLs. I use Your Move AN to fully manage the properties. Reasonable and fair management fee, and help arrange any works needed on the property, including certificates (e.g. gas, EICR) without slapping on huge mark-ups. You can also arrange your own maintenance if you wish. They provide 6 monthly check-ins and updates, haven't had any concerns or issues with them since I started using their services around 5 years ago. Had long term tenants in both now, with no major void issues during the lockdown period. They're always friendly and willing to chat about the market in Crewe. * Note: no affiliation, just providing personal experience and review.
  2. It may be a little unconventional and odd, but try a random number rather than a rounded to the closest 5/10 thousand (if that makes sense). Has worked for me before. For example, rather than £805,000 (I'm assuming it's that much?), then perhaps try £804,700 or £805,225? The agent/vendor might believe that you're trying to push every last pound out that's available, so may be willing to consider it if they've not received any other offer.
  3. Think you've answered your own question by the end of the post, Matt! As Julia mentioned, if you're having difficulties with mould now with weekly cleans, imagine what it'll look like with a tenant living there who probably won't be diligent as you and girlfriend in managing it. If it's not going to be a performing asset, then there's no problems with getting rid of it to redeploy the funds to a better performing one. You'll just need to weigh up the costs and benefits of doing so. As it's been your principal residence, then there's no CGT.
  4. Hi tjlaws There's some discussion on the company available on the Property Tribes forum, including a response from its MD - https://www.propertytribes.com/topicsearch?keywords=solomon Do your due diligence on the company and any property you may be offered, and weigh up if it's worth it and whether it aligns to your overall objectives. Good luck!
  5. What type of information on HMOs are you looking to obtain? As Haf mentioned, local requirements will probably overwrite any learnings from books printed a few years ago. Best bet might be to visit the local council's website that you're interested in investing in and read up on the regs. (e.g. Google [local area] "HMO" or "Article 4"). You can also join local property meets and pick the brains of people that attend them, or check on Spareroom or visit a local HMO agent if any, to see what type of rooms are being offered and demand for them.
  6. Hi mhprog I've used @simon allen (along with a few other members on here as well) to arrange mortgages under the ltd co. to purchase properties. Efficient and very helpful service!
  7. Hi Abby Your friend can purchase more than 1 at the same time. In fact, if they buy it from the same vendor, they can benefit from a linked transaction and potentially minimise their stamp duty impact - HMRC link. Might be best for your friend to discuss options with a mortgage broker if they're looking to borrow funds to help with the purchase, and an accountant to ensure it's being purchased in the most tax-effective manner.
  8. HI Carlhague If you try their media resource page - https://www.nationwidehousepriceindex.co.uk/resources - there's a tab near the top for 'HPI Historic Data' that you can download as an Excel file.
  9. Depends on what you're looking to get out of investing in property. Limited info provided to say whether it makes sense or not. What's your personal/financial situation? Timeframe, goals, experience, contacts/network, other investments? You have a good starting position with the equity so that always helps!
  10. Hi Brian I might be missing something, but you say you rent the ground floor flat, so would this not be your landlord's problem? If I've misunderstood, then feel free to ignore me and follow the above.
  11. I use NRLA referencing as well and they've been fine. Efficient and they do all the chasing of employers and previous landlords etc. Usually the delays are caused by the tenant's employers not responding, but you can keep track of progress online. So far out of the 6 or so times I've used them the tenants have been great. The main thing is going with your gut when meeting the potential tenants. They might tick all the right boxes on referencing, but might be a nightmare in person.
  12. If you purchased direct through developer, try contacting them to rectify. If not, contact your solicitor who did the conveyancing to see if they can add some weight to the cause. As it's a new build, hopefully the developer is with the NHBC, so you can contact them and raise a complaint with the builder and they'll reach out to them to rectify.
  13. Hi Elliot Not sure how the formulas are working behind the scenes, how's the total annual costs? Is the total annual cost inclusive of the mortgage? Also, you have the EICR as an annual cost at £142 which seems quite high. A certificate for private rentals generally lasts for 5 years unless you're undertaking modifications to the electrics in between tenancies, so you can probably divide that figure by 5.
  14. Was that the lender's valuation or one that you commissioned yourself? If it's the lender's, then they might be particularly cautious, or perhaps there's little for the valuer to work with in terms of finding comparables so opted for the lower end. It's currently a hot market and homebuyers have pent up demand and savings to spend, hopefully before the end of the SDLT holiday. It may well be that the second purchase will fall through as well when they get their valuation done, so keep an eye on it and see if it comes back on the market. If it does, then get back in touch to let them know that your offer is there, assuming you're still happy to offer at the lower amount at that time.
  15. Ah, thanks Nick, you didn't have to. That's very generous of you. Hope the all the refurb goes well, be sure to post progress updates and photos! Good luck.
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