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r2barwell

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About r2barwell

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  1. Morning all, Following my previous post with regards to extending a short lease, I have now agreed in principle terms with the freeholder (circa £22k premium and £150 p.a. ground rent). Obviously I've spend time and money getting to where I am and this currently sits with my solicitor to agree the documentation. Given the most recent announcement concerning reforms to the process, I'm wondering whether I would be better of waiting to see what these changes look like? Does anyone know when these are likely to be announced or when they take effect? The premium offered includ
  2. Hi Giles, still ongoing but so far not a terrible experience (not over the line yet); if you want to discuss further by all means drop me a message and I can give you my number.
  3. Evening all, I’ve been reading through the forum posts and doing a little research, but I was curious to know whether anyone did their own accounts - I suspect the answer is no, and the value added from an good accountant ought to outweigh the opportunity cost of doing it yourself, but welcome your thoughts? Having had another small business previously and submitted micro accounts, it didn’t seem too onerous. I’m currently in the process of completing on my first property which will be a BTL in a SPV. Actually due to complete Friday and hopefully the first of many, being lo
  4. I'm looking at buying a property with short Lease (48 years) and having checked land registry i note that the freeholder is E&J Estates; not a company i'm familiar with, but seem to have a large presence, buying freehold interest and managing the service charges / Lease extensions. Does anyone have any experience with this firm or similar types of entities? On the basis that this seems to be 'what they do' is it fair to assume they will be looking to extract every last penny (the online calculators seems to suggest it could cost circa £30k via the statutory route, which seems a lot o
  5. Having searched through forum posts and not found much info, I thought I would respond to this post with my query along a similar theme. I'm looking at buying a property with short Lease (48 years). Having checked land registry i note that the freeholder is E&J Estates; not a company i'm familiar with, but seem to have a large presence, buying freehold interest and managing the service charges / Lease extensions. Does anyone have any experience with this firm? On the basis that this seems to be 'what they do' is it fair to assume they will be looking to extract every last penny
  6. Thanks again, really appreciate your thoughts. This is a new purchase (single freehold) in a ltd. The property has been used as two flats and so the plan is to formally split the two flats, create separate leasehold interests and then refinance. By being able to separate the tiles and re-finance, creates significant equity resulting in less money being left in the property and a greater ROI. Many thanks, Richard
  7. Thanks for your quick reply. Probably an important point i missed, the property will be owned by a ltd and so a new ltd will need to be created for the Leasehold interests; the directors of both companies will be exactly the same. So yes same original owners, but different ltd?
  8. Morning all, I'm in the process of splitting a house in to two flats and am getting mixed messages concerning the implications on SDLT; the plan is to retain both flats and rent out. So SDLT will have been paid on the single dwelling, is additional SDLT due when the freehold / leasehold structure is formalised? Many thanks Richard
  9. Evening all, I've had an offer accepted on a freehold mid-terrace property which has been used as two 1bed flats; i'm in the process of getting a certificate of lawful use (condition of my offer) but am getting a little confused / mixed messages on my finance options and how to structure the property moving forward. I'm told that finance wouldn't be readily available on the basis that some works to the utilities are required. Currently we are looking at bridging finance to cover us whilst we do the works then split the Land Registry titles so that the individual dwellings can
  10. Following on from recent discussions around investments, i'm wanting to make a few trades in the real estate sector. I seem to remember Rob & Rob mentioning an execution only trading platform which they recommended, but i cant find anything on the forum, notes or back catalog - does anyone recall what it was called? I've previously used X-O, however i'm certain it wasn't that! Many thanks, Richard.
  11. Hi Tim, did you every get to the bottom of this? Are there any meet ups or similar in the Bristol area? Many thanks, Richard
  12. Afternoon all, As the title suggests i'm a new member to the forum and have been really enjoying the various courses and podcasts that are available. I've been toying with the idea of investing in BTL for a while now and i think i'm almost there in terms access to funds, a strategy and goals. I have a strong idea of where i want to be in say 10 to 15 years time and also expectations in the short to medium term. I deal with commercial real estate as a 'day job', but of course wouldn't it be nice to grow a scalable business and retire early... I have subscr
  13. Afternoon all, Having pondered over the notion of creating / investing in a BTL portfolio for far too long, i've decided that for me the time is now right! With this said, i keep changing my mind on exactly where to invest. I live in Bristol, i would love to invest in Bristol, however i cant help but feel the market is too strong and subsequent yields far too low to make it worth while (without replying upon capital gains). I see that the hot topic at the moment is the powerhouse of the North; Leeds, Manchester & Liverpool, however would prefer somethin
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