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Joe forrester

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  1. hi john the property id mortgageable so that eould be an issue, if it was a refurb for selling on id go doen the bridging route like i have done in the past but just seeing as it is for myself then thought id try and see if there was another way . thanks for your advice.
  2. Hi, just wondering if any mortgage brokers could answer me this. is there a way when buying a property for yourself to live in which requires refurb, to buy at a certain price and then get it remortaged once its been refurbed? Sort of like ehat toud do for bridging but this would still be for myself, would you have to go doen the route of paying early redemption charges or is there a way of using the one mortgage company which could sort this type of deal. reason being ive got a pot of money which i need back out to carry on with refurbs but also want to purchase a property to live in myself but if i buy the property first then that will gake up my pot of money and dont want to wait 2 years to get it back out. thanks
  3. Just wondering peoples thought is when you disagree between things with your business partner. looking at starting some courses and training which i think will help but business partner wants nothing to do with it. now its quite expensive so i thinking that if i used what is learnt and inplemented it then it would be me doing all the work and they just benefit off it, maybe keep to our original startergy between us in the business and do what i have trained for as a side project for myself? Or does this sound too harsh? Thanks
  4. For some reason this post has posted about 5 times sorry.
  5. Hi, Just wondering if anyone could give me any pointers / shed some light on a flat which has just became available. The flat is up for sale as a probate sale , it is not up at market yet but I know some of the details as the man was part of our cricket club. What I have been told is the estate agent has came around and valued this ground floor flat at around £100,000, this was before she realised it was a leasehold flat. It is not an external company who owns the freehold, each of the four flats in the block own a quarter each. I am unsure how long is left on the lease though. the flat is in need of a full refurbishment. my questions are: Is this an easier sale than a normal leasehold as I would be gaining a quarter of the freehold during sale? How am I able to find out how long is left on the leasehold for that flat? Is there any issues which I would need to look out for if the number of years left on the lease is lower than expected? Would how many years left on the lease be an issue if needed to extend as with owning a quarter of the freehold the flat you basically own the freehold on the flat in question? I am not so clued up on leasehold /freehold so if any of the above is incorrect please correct me and any information given would be appreciated. Thanks Joe Forrester
  6. Hi, Just wondering if anyone could give me any pointers / shed some light on a flat which has just became available. The flat is up for sale as a probate sale , it is not up at market yet but I know some of the details as the man was part of our cricket club. What I have been told is the estate agent has came around and valued this ground floor flat at around £100,000, this was before she realised it was a leasehold flat. It is not an external company who owns the freehold, each of the four flats in the block own a quarter each. I am unsure how long is left on the lease though. my questions are: Is this an easier sale than a normal leasehold as I would be gaining a quarter of the reehold during sale?
  7. Hi, Just wondering if anyone could give me any pointers / shed some light on a flat which has just became available. The flat is up for sale as a probate sale , it is not up at market yet but I know some of the details as the man was part of our cricket club. What I have been told is the estate agent has came around and valued this ground floor flat at around £100,000, this was before she realised it was a leasehold flat. It is not an external company who owns the freehold, each of the four flats in the block own a quarter each. I am unsure how long is left on the lease though. my questions are: Is this an easier sale than a normal leasehold as I would be gaining a quarter of the reehold during sale?
  8. Hi, Just wondering if anyone could give me any pointers / shed some light on a flat which has just became available. The flat is up for sale as a probate sale , it is not up at market yet but I know some of the details as the man was part of our cricket club. What I have been told is the estate agent has came around and valued this ground floor flat at around £100,000, this was before she realised it was a leasehold flat. It is not an external company who owns the freehold, each of the four flats in the block own a quarter each. I am unsure how long is left on the lease though. my questions are: Is this an easier sale than a normal leasehold as I would be gaining a quarter of the reehold during sale?
  9. Hi, im having trouble trying to find a broker to deal with bridging finance, either they take forever to get back to me or an advisor local to me seems to not be able to find ones which match my criteria. i am only starting off small so the bridging loan would be maybe £35/40,000. when looking online i know there are hundreds of bridging companies out there, is it really necessary to use a middle man to get this if you can speak with the bridging companies direct and they match your criteria? Is it too much paperwork to deal with on your own and a professional would make it easier? Any opinions and suggestions would be appreciated. thanks joe
  10. Hi Tim, thanks for taking the time to offer your advice i will definetley be using it and it has definetley been of use to me, some of your points i hadnt even thought about so thanks for that.
  11. Hi, I am looking into my first deal using bridging finance and trying to set up a broker who can deal with this from. I have found a broker and would just like to ask a few questions as to whether the fees and information required is standard as i have not gone through this before. - Seems like he wants the ins and outs of everything, personal finance, income, credit cards, other rental properties ( value of these, rents received etc) , 3 months statements, utility bills the list goes on, i understand he needs to show that i can afford the bridge when needed but i don't think i even provided this much information when i applied for my mortgage through a broker, it seems excessive especially when reading up about bridging that their more interested in the property not the individual? - the engagement fee is £600 for him to submit a formal application and then an arrangement fee of 1% of the total bridge, is this the usual arrangement there or there about for a broker to arrange this sort of deal? Any feedback would be appreciated. Thanks joe
  12. Hi Barney yed i have had the same agent for both tenants, regarding the safety checks i had a new boiler installed a couple months ago as mine packed in so a gas safety was carried out then. yes more than likely the area is going to attract housing benefit this maybe something id jusg have to deal with. giving it a few days since all the hasle and i think i agree with you and will change the agent and maybe give it another try at least now like youve said i know what i expect of an agent and can outline this to them at the start. appreciate the response and advice and it will definetley be taking on board cheers barney
  13. Hi, Am joe am 26 and an electrician from the wirral. I purchased my first BTL property just under two years ago now but as its been that long i am now looking to start adding more to this pretty soon. I would like to get some renovations under my belt aswell so hopefully can add them to my list soon also. Am constantly listening to the podcasts so looking forward to reading through the content and advice and learning on here. Thanks
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