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T Barratt

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About T Barratt

  • Rank
    Established member

Profile Information

  • Location
  • Areas I invest in
    Midlands... hopefully
  • About me
    Selling our BTL (previously our home) in London to reinvest in several properties in the Midlands/North.. hopefully for an increased yield.
  • Property investment interests
  • My skills
    IT, Project Planning
  • My goals
    To be up and running by the end of 2017. 2 or 3 properties by end 2018.
    Financial stability, flexibility, work life balance, mortgage free (personal life not business!)

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  1. Hullo! I have been unable to listen to the podcast for sometime now as I keep on getting the following error "Unable to retrieve data file" when I try to play them. This has repeatedly and reliably been the case over a period of time and on multiple devices e.g. laptops, tablets, smartphones all of which I have previously been able to listen to the podcast on. Has anyone else had this problem? Anyone have a solution?! I'd normally put down to user error or out of date system files but I've tried my newest devices (which are incidentally android marshmallow and nougat) a
  2. FYI.. I have been conservative on the revaluation value as can't guarantee capital growth, however, would be confident at it being greater than 130k.
  3. I'm just getting into this property thing, having been an accidental landlord in London. We sold the house last year to release equity for various reasons and are looking at re-investing some in the Notts area. I am currently looking at a 2/3 bed townhouse in an area that I have long considered to be a growth area. It is currently going through a regeneration program (that links in with others such as 'the gateway to the City') and has seen investment from private p. development companies buying up plots of land for eco housing etc. The schools are improving, its located near the r
  4. Hi Richard Thank you this is very helpful, however, I am still in analysis paralysis as I can make this and potentially more on a S&S ISA... and that's not taking up my valuable time! As such I am very hesitant about taking the plunge In terms of costs I did have quite a few of those you have accounted for hidden away in my s/s but others not, so good to have those pointed out e.g. survey and gas certificate etc., costs. What are the 'other costs' (£3750) for though? I'm not planning on using a sourcing agent or buying through auction. Would this be the initial lett
  5. So would you consider a 12.2% ROI and 3.9% net yield at asking price, (potentially 14.2% ROI and 4.6% net yield cash offer at 10% BMV/Asking Price) a good investment? I'm currently looking at one such property in Notts and am wondering whether to take the plunge. I could get away with minimal to no work and let to LHA tenant. Council will pay the rent direct, no letting fees and low risk void. I would self manage. If I went for a private tenant I could get a bit more (£550pcm) Asking Price = 87,500k Rent £500-525 pcm (tenant pays one off top-up to rent in addition to LHA)
  6. I agree with Mr Moore and have recently asked the same question. I too am a newbie. I am currently looking in the Notts area and am finding it very difficult to find anything with decent net yields... if honest about the costs! Maybe I am being too conservative with my figures but most 2 bed places are coming out at around 3.3-4.5% net yield, for single lets. OK I am looking at LHA, which I appreciate will give me a lower yield but the figures don't massively increase if I look at average private rental. I have seen some where yield of 6-7% is promised (never higher) but they alway
  7. Hi Rob Currently looking into this myself and my accountant advised not to mix trade (flips) and investment (BTL) as HMRC don't like it, so probably best to have 2 Ltd companies, one for each. Just started on mortgages, which I feel the need for hand holding due to all the jargon and acronyms.. but there do seem to be quite a few out there for LTD companies (and LLPs, which my accountant also mentioned)...both for single lets and HMO depending on your model. They do appear to look at the directors earnings as a whole, so not specific to the new business. I am a director of another
  8. Bugger! Thought that would be the case...darn that pesky taxman! Thanks Mike
  9. Hullo! I think I know the answer to this but just wanted to double check as I can't find this specific example in the HMRC guide to stamp duty surcharge (although admittedly I may have missed it as I became glassy eyed half way through!). So I am planning to set up a SPV Ltd Company for my BTL portfolio. I currently don't have any BTL but I do jointly own a house, which is my main residence. My question is will my 1st BTL, purchased through a LTD Company be considered my 1st or 2nd home.. or in financial terms... will I have to pay 3% SDLT or 0% (assuming it falls under
  10. Hullo! I'm hoping there are some landlords out there with experience in leasing property through Housing Aid who can give me some advice? I would like to be both a socially conscious AND profitable landlord. Whilst I appreciate my profit margins will be a lot less, I strongly feel that anyone of us could easily fall on hard times and would like to help families who have. I have meet with my local Housing Aid department, who are very keen to get landlords on board. They have a massive demand for 2 bedroom homes to house families. There are many pros and I'm sure cons:
  11. Hi Taj I'd tread carefully, any sniff of knotweed and both mortgage and insurance companies tend to run a mile! We recently sold our property in London and the lazy surveyor noted 'possible knotweed' in his report and everything stopped dead. We knew there was no knotweed, the garden was merely overgrown due to the property having been vacant over the summer months (whilst it was re-furbished), but had to pay for a specialist company to come out and verify that there was none. Thankfully there wasn't.. but it cost us financially. I would check with mortgage and in
  12. Hi Everyone I'm currently researching social housing, for asylum seekers in particular. I have been put in touch with a company based in Leicester, called Live Management, who are apparently partnered with G4S on the COMPASS Contract. However, I can find very little information on this company... which concerns me. Also with it's association with G4S and all the surrounding bad press, I wondered if anyone had come across them and had any feedback or advice? Many Thanks in advance Ginger
  13. Hullo I am currently selling our old house, which we have a HMO license for and was hoping for some advice.... Firstly, Do I need to notify the council that we want to terminate it? Secondly I have just found out that the buyer is going to have to rent whilst they are out of the country. They initially said it was residential, although he clearly plans to flip once he's done it up. I wondered if I could transfer the HMO (there are 4 years left) and potentially get a bit of cash for it? Can't find anything on it so suspect not. We di
  14. Hi All Just to let you know that I have been in touch with admin and the property strategy content is back online http://thepropertyhub.net/strategy. It's a bit of a mess format-wise, but they will be correcting that over the next few days! Ginge
  15. Hi K So sorry, only just seen your response! Thank you so much... have decided to leave this one for the moment, however, it was a useful exercise! Ginge
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