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n holman

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About n holman

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  1. Hi Will, I’m from Liverpool and have a handful of BTL there and I would say that it’s better to go for a 2 bed terrace house. The main problem is that there are so many developments in and around liverpool city centre with ample apartments on offer. If you look at Rightmove at the moment there’s no shortage of apartments to rent so buying a studio apartment will not only apply to small percentage of the people looking, but you will have some compertition unless your proposed apartment is high quality and in a prime area of liverpool... For my BTL I aim to have at least £25-30k on a 25/75% LTV mortgage so I can look for properties around £100k which will open up more properties in and around Liverpool. Whilst the are properties in Liverpool for less than £70k there’s a lot of a lot more for under £100k allowing you to get in to different better areas. Neil
  2. Hi Cathie, I completed on a house a couple of weeks ago, and I am looking for a tenant only with Reeds Rains. I basically told them that I wouldn’t be getting a licence due to the time remaining and that it wasn’t continuing - Reeds Rains have said they could work with that... so who ever your agent is going to be I’d bring that up at the earliest opportunity and if they can’t accommodate you, find another agent, otherwise you will find yourself paying for a licence...
  3. Hi, Ok, there is an area in Croxteth, where there is quite a large council estate and whilst I wouldn’t say the area is run down, typically the houses in that area are basic council houses, like everywhere in the country these areas attract a less desirable tenant but I guess if you know where your investing and the type of tenant you are pitching for then you will be ok, it’s also a couple of miles out of the city centre. I’ts had a bit of bad press over the years and probably rightly so... not sure if you can remember but back in 2007 a boy was shot in West Derby (L12) by mistake and it was found to be a gang from Croxteth, again this was on the TV as a drama a few years ago which highlighted a the various gangs in Liverpool. I’ve lived in West Derby (L12) for the majority of my life and find (L12) area which is next door to Croxteth a great area to invest in as I have never seen any trouble in West Derby or Croxteth and have a couple of houses in the L12 area which is great for family’s and young couples. I guess you’ve got to do your research and study the heat maps as around Croxteth Park is actually a sort after area in L12 and not in Croxteth. Bootle is much the same as there are awful streets and great street within Bootle so it’s hard to class the area as being a bad area to invest in, but as investment is being pumped in to North Liverpool It’s sure to rise in value... Thanks, Neil
  4. Yes, I’d be interested to know why as well as from a locals point of view Liverpool is booming at the moment, with all reports about investment in the north west, I’ve only read and seen positive things.... Neil
  5. Hi I invest in Liverpool/Manchester and also view houses in Liverpool mainly for expat and investors down south but PB are the worst agent to view a house for and are regularly late or don’t even turn up for viewing appts which is so frustrating.... I know your looking for PB to manage your property and not sell it, but if one division of the business is bad it doesn’t bowed well for the other parts of the business..., personally I’d look elsewhere...
  6. Hi Rashi, I know the solicitor I use charges £250 to review an auction pack in Merseyside. I can send you her details if you would like? Neil
  7. Hi Sam, I live and invest in Liverpool and would be only to happy to share my knowledge of Liverpool. First of all there are good and not so good areas of Bootle which I guess is true for everywhere. If it’s yield your focusing on then yes you’ll get it in Bootle but as your research has told you it is an area of high unemployment and is quite rough in the cheaper areas of Bootle, however there are some bargains to be had in Bootle and some better areas. If your focusing on the cheaper areas then the area isn’t going to be great.... One of the problems that you’ll find is if you travel North on the Dock Road through Vauxhall it’s very industrial, and although money is being ploughed into the Liverpool waters project, you’ve got the likes of a small oil refinery, a large recycling depo and then the main cargo dock so unlike the likes of Albert Dock it doesn’t have much appeal at the moment. However, I’m sure you know that EFC have plans to construct a new stadium at one of the docks,(Bramley Moore Dock) which I do think will happen, however as a keen Everton supporter it is probably easier to sell this to you than to me as this has been the 3rd location for a stadium in the past 10 years or so as the other two fell through at an early stage.... https://www.liverpoolecho.co.uk/all-about/bramley-moore-dock-1 When this does get built it will push the prices of the likes of Bootle/Everton/Anfield/Kirkdale up for sure... If you need any further help just PM me, I’m only to happy to help... Thanks, Neil
  8. Yes all sorted now. I didn’t join the RLA as I’m a member of the NLA, which I know are in the process of amalgamating. Paid full price until March 2020.... (Money for old rope.... if you ask me...)
  9. Hi Marc, I bought a one bedroom ex council flat this year with a the lease remaining at 99 years. At the time the lease was a problem for me as I like you was looking long term @ 20 years so I would need to extend the lease at some stage. I ended up pull out of the sale because I couldn’t get an approximate figure and my research suggested that I would have to pay for both solicitors costs (mine and the landlords solicitors costs) plus the actual cost of extending the lease which may have to submit legal papers ? estimated £5-7k total maybe more... so pulled out. I did tell the agent/vendor that although I was still interested without a true estimate there was no way I could continue but did say that if the vendor could get a true estimate I may still be interested? I was speaking to a solicitor (friend) and he said that as it was an ex council flat It would be easier and possibly more straight forward to extend than if it was with a private landlord. So the vendor emailed the council and the council sent back a quote to extend the lease for just over £2k which the vendor agreed reduce the price by a further £1k and the sale was back on... Please see attached.... For me I think the sooner the better as the longer you leave it the more it will cost you.... Neil
  10. Hi Nick, I set a ltd company up with my brother and cousin a couple of years ago and we now have 4 properties now in it. It is very important to ensure your plans and goals are aligned as it’s no good to start a company finding that you have bought x number properties and the family member wants to get rid of them in 5/10 years when your plan/goal is based over 20 years. Obviously age may come in to this if investing with a different generation? You need to insure that you have an idea of your rolls and responsibility’s as this from experience can create problems further down the line. For example i would say that I undertake 65% of the work load maybe more, whilst my brother and cousin share the other 35%, but I knew it was going to be like this from the start so it was not a surprise. There are disadvantages and advantages but I would say in my case there are more advantages, for one we bought 3 properties last year and so far have another 2 going through the sales process this year so it has enabled us to buy more properties than I could of ever bought by myself and accelerate the process. Neil
  11. https://www.liverpoolecho.co.uk/news/liverpool-news/merseyside-set-two-new-train-16838844
  12. Hi Rambos, Only the good landlords pay for them. If I was you I’d try to hold of getting one until March 2020. The problem you’ll have is that a lot of letting agents won’t let a Tenent move in unless a licence is in place or being put in place, which is a good thing but It’s a real shame that Liverpool city council can’t honour these licenses for 5 years or at least give you some sort of discount into the next scheme as I myself bought one @ 2 months ago, as it’s forcing more landlords to go the other way and avoid paying the fee... rant over.... Neil
  13. Hi Jase, I am originally from Liverpool and invest there and am only to happy to share my knowledge of the city. Thanks, Neil
  14. Hi Guys, So I have 6 BTL properties and my strategy is simply to buy a property, refurb it and let it out for 2 years on a fixed interest only mortgage, before refinancing it after 2 years to take out as much as I can to fund the next property. So, I’ve got 3 properties that will require refinancing next year, however I had one property that required remortgaging (my first property) but i used the existing lender who gave me a great deal for the next 2 years, (but I wasn’t looking to take any money out of the property) and was so simple, easy and quite cost effective, and only required a signature... however they did not revisit the property...I’m just wondering if the rates are competitive if it’s worth sticking with the existing lenders, or do you think it’s worth going with another lender who will come out and view the property and comparable properties to give me a better valuation than the existing lender...???I’d be interested to hear your thoughts...Thanks, Neil
  15. Hi Jamie, I am a one man band from Liverpool with a few BTL there, who sources and views properties for investors and expats elsewhere in the North West but predominately in Liverpool. My website is https://www.propertyviewernorthwest.com/ which tells you more about the services I provide and myself. There’s a testimonials page on there as well with most of my clients coming from the property hub forum. Thanks, Neil