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Adam Audi 0000

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About Adam Audi 0000

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  1. Hey, It's been a couple of months since I have been here. The house is slowly moving along now that some Covid-19 restrictions have lifted. The load baring wall has been removed, and almost approved by the council (waiting for Skim over the fire plasterboard of the RSJ). The chimney breast has been removed from the ground floor dining room, which is now the kitchen. The neighbours were very supportive and a third party wall agreement was put in place. Kitchen is measured up and designed. Stud work is in place for the downstairs w/c. New toilet stack outside, toilet has been mo
  2. Hi All, I am due to have some building works carried out on my property. These works aren't covered by my home insurance currently. The works include the removal of a load bearing wall (replaced with an RSJ) and the removal of a chimney breast (from ground floor room). Can I keep my current buildings insurance in place? Whilst my existing policy is in place, can I buy temporary insurance cover whilst these works are to be going ahead? What's the best way to go about this? Thanks all! Adam
  3. Hi All, I am due to have some building works carried out on my property. These works aren't covered by my home insurance currently. The works include the removal of a load bearing wall (replaced with an RSJ) and the removal of a chimney breast (from ground floor room). Can I keep my current buildings insurance in place? Whilst my existing policy is in place, can I buy temporary insurance cover whilst these works are to be going ahead? What's the best way to go about this? Thanks all! Adam
  4. Hey, Sorry lah111 this is actually my project. I will be sure to keep you posted and thanks for the suggestion. I was planning for the dining room wall with the chimney to become the main kitchen workspace. I hadn’t thought about opening up into the lounge, would have to see about the costs to do that. I used https://floorplancreator.net for the floor plan. If you create an account, it saves your plan so you can go back to it later Adam
  5. Hey Alex, So I have the KEYS!... Then came lock-down/Covid-19. My job can be done remotely from home, so fortunately I haven't been furloughed. I have spent the last 6 weeks of weekends/ occasional evening completely gutting the place; *All carpets/ fabrics have been taken up *All walls stripped *All loose plaster removed *All dated 70's cladding has been taken off *All the kitchen and bathroom is ripped out *I have repaired the bay window guttering/ flat roof timbers and bay window render myself as it had some water damage. *I have opened
  6. Hey, Thanks for the support on my post! Congrats on your first BTL deal. I hope I can get there soon. I live and have lived in Birmingham/ Solihull all my life, happy to share any local knowledge with you. Adam
  7. Hi All, Apologies the update is a little later than planned. I’m back though, dedication is key. I was super busy over the Christmas period. It seems like a real good time to buy at this time of year. External factors such as Brexit and the recent election result doesn’t seem to have affected anything in my area. My area (N.Solihull) is growing even stronger due to the recent HS2 train line being approved in parliament. SO... I had an offer accepted on a house! *woohoo* which is very dated (70’s looking) perfect to add value to. The road is very sought after and I believe to hav
  8. Great read, great determination. Keep the motivation. I’m in my early 20s, understand my borrowing capacity and now have the deposit ready to fund my first buy via. residential mortgage with my First Time Buy ISA. I am looking to find something I can add value to, so then I can take a similar approach of releasing equity to fund a BTL property venture via SPV Ltd company. So I will be sure to check back in to your thread. Agree with the others, the knowledge here is great! I look forward to reading more about your journey, good luck! Cheers, Adam
  9. Thanks both, for not only taking the time to read my initial post, but for replying and providing advice. I really appreciate it. In terms of an update to my original post: - I am now 24 as of this month (August). Still learning, determined more than ever! - I now have a mortgage broker and understand my borrowing capacity. - I am looking to use my first time buy ISA (I’ve had this set up since the age of 22) to buy with a residential mortgage. Not to be confused with the Help 2 Buy Govt loan. (To any other younger members/ first time buyers, I would consider the LISA
  10. Hi Dan, Thank you for sharing this. I am thinking about this approach. For your first property, on the residential mortgage, did you use a first time buy/help to buy isa? Also were there any restrictions imposed I.e. cannot sell the property for XX amount of time. How did you get permission/ consent to let, was it relatively easy... what was your reasoning you provided to your mortgage provider? Thanks for any response Adam
  11. Hi Dave, Apologies, I was dipping my toe in the water by engaging with this post. I have over the last 12 months landed a Full Time job and have managed to save up money to hopefully start out. Yes I do live in the UK, West Midlands. I am not a property owner. Regards, Adam
  12. Hello, I’m Adam aged 23 from Solihull, Birmingham. I come from a pretty piss poor family. After several years of hard core study, it’s paid off and I now work full time and I enjoy my line of work. The industry I work in doesn’t appear to be affected by anything Brexit. I do not look on replacing this job to become a; full time, hands on, busy bee landlord. Being young and earning £35k+ I ought to be wise and invest for my later years. I do not wish to get any short term gain by topping up my income as this will begin to push me ever closer to the next Tax (40%) bracket. Afte
  13. What was the outcome on the advice given? I am too in a similar situation. Many thanks in advance. Adam
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