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About haf1963

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  1. For anyone wanting to start out and keep a low risk profile then you cant do much better than Vanguard and one of their global tracker funds - low cost and can be used in ISA or SIPP
  2. around 50% is enough for me - especially as its interest only. Total depends on your risk profile, time horizon and ability to service the debt
  3. I wowuld be surprised if you got planning for flats as, in my area. the council does lots of checking and has strict conditions around flat conversions - fire escapes, parking and all that. In the old days a HMO would be the way to go but now that even they need planning, its going to mean more work/cost but do-able if the numbers stack up.
  4. Based on some reports I heard on radio 4, nothing will be happening to existing flat leases anytime soon. focus is on new leases and house leases..
  5. I thinkthere is evidence that there are more losers than winners when it comes to the average investor trying to be clever. There will always be some who take more risk and get more reward - and have nerves of steel - verus others who are looking for a low risk long term investment while they get on with the rest of their life.. Takes all sorts and you def did well to sell/buy in timing the market in 2020...
  6. I have looked long at hard at index versus managed funds and for the 'average' investor who is 'low risk' and not wanting to spend lots of time studying markets then the Index trackers are the way to go (unless you are high net worth and paying a financial advisor etc). For those with a riskier mindset and willing to educate themeselves, then some managed funds are worth going for. I have mainly global trackers but also a few managed funds for more risk/reward areas. No different to passive property investors who leave everything to agents/brokers etc and sit back having no involvement ve
  7. Yes you are 100% correct and hence any strategy has to be very dependent on personal circumstances - the key is to be fully informed of all the details - especially tax advantages/disadvantages- of the different scenarios. Things like timescales as well as whether its a side business or the intention is to go full time are all major factors that will influence the 'best approach'. Its no different when choosing which property strategy to adopt (i have done, at a very small scale, flats/houses/commercial/new-build) and each has totally different reasons why they are the best strategy. Th
  8. My strategy has always been all 3 (not everyone can follow this as it does depend on current job/salary/etc) 1. pension investment with 40%+ tax benefit - you arebasically investing double what you would if you took the cash and invested in property 2. property via ltd to take advantage of various benefits 3. isa - global tracker and ignore for a decade
  9. Assuming you are fully aware of the risks in using bridging - especially in a flat/declining market then its all about buying below market value. Its really hard to time the market and there is as much likley hood of getting it wrong than getting it right. I decided to sit out this year as expected covid/etc to hit the market and wasn't expecting the dramatic increase in people buying property. At the same time I did keep an eye out in case a good deal came my way but the market has been so competitive that i hardly saw any deal that were attractive to me and my strategy. I did sell a propert
  10. I have done a few extensions in my time and never has any building inspector measured anything at all in terms of height/width/depth - they only seem to care about foundations/drains/insulation/etc. The bricklayers do their marking out etc but no-one is going down to the last mm for sure. Not that I am suggesting you do anything 'incorrect'
  11. I am not sure what you are trying to do. In simple terms - remortage and extract 60k personally - do a directors loan of 60k to the LTD company which can then buy the BTL - you can do more directors loans to the LTD to help finance the next property or remortgage within LTD - the loans can be extracted from the company any time with no tax implications - the ltd will have to pay corporation tax on the rental profits independent of the directors loans.
  12. It does depend on what your exit strategy is whether or not you want to pay the mortgage off at all. I haven't given it much thought as its a long timeframe but probably will end up with fewer properties and no mortgages or sell the LTD company. Lots of options and nothing to worry about until the latter stages is my approach
  13. Ltd is usually the best way to go for HRT payers and multiple properties but you setup seems more complex - being able to get a mortgage is a key factor so definitly consider that angle. I suspect you need to much better clairfy 'the best structure' as that could mean different things for different people - eg wanting to take out income versus re-invest makes a difference
  14. Done a couple of deals - very profitable as it happens but had to be cash 1. shop with rundown rear which i bought at auction and converted to 2 flats - now rented 2. 16 garages where i got planning for a small block of flats, cleared the site and then sold I prefer commercial as its generally much less competitive and you can do more with it - just need a pile of cash to start as lending rates are ridiculous
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