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About Djpix99

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  1. Hi Michael, I'm based in Leeds and have just bought my first buy to let here, feel free to message me if you want any help. To give you an idea of the Leeds market, you can reasonably easily pick up a property with a 6% yield in the £70 - £130k bracket. You can achieve 7%+ yields but it takes some work, unless you want to buy in a not so nice area. Thanks James
  2. @stevem099 I would consider speaking to an independant mortgage adviser rather than your bank if you are looking to remortgage your personal property to pull out cash. I just did the same and the adviser was able to speak to the provider with the best remortgage rate and confirmed I didn't need to have property in mind before completing. For reference the provider I remortgaged with was TSB but i'm pretty sure many other would do the same.
  3. Good choice, I've now been using Starling for a couple of months and it's going well. My only negative is as a sole trader it's hard to seperate capital and allowable expenses with the tagging options available.
  4. @mike westwood Interesting, I considered Tide however was put off as they have a £100k balance limit which wouldn't be an issue for me currently, but maybe in the future.
  5. Hi Giovanna, I'm based in Leeds and in the process of purchasing my first investment property locally. I can't really comment on up and coming areas as its really hard to predict this, however I can tell you some areas I feel are worth buying in; West Leeds - Pudsey, Bramley, Farsley, Rodley, Calverly, Morley North Leeds - Kirkstall, Burley East Leeds - Crossgates South Leeds - Woodlesford, Rothwell Central Leeds - Northern quarter, Southbank The areas I mention above are generally all nice suburbs suited to families and/or young professionals, however Kirkstall and Burley have more of a student population due to their proximity to the universities, the central locations are all flats, so young professionals. My preferred area is West Leeds as there are properties around £100 with 6%+ yields possible. Hope this helps a little, probably information overload James
  6. I choose Starling Bank as they don't charge any fees for their business account unless you are dealing in cash.
  7. The Costs that I'm wanting to offset against income are: mortgage advisors fee and mortgage product fee (which has been added to the mortgage. I have spend sometime on HMRC website and Google but can't get a definite answer.
  8. @adam-reed I remember reading this article, may help you find the blocks to avoid: https://www.yorkshireeveningpost.co.uk/news/politics/these-six-buildings-leeds-have-grenfell-style-cladding-84369
  9. I'm in the process of buying a single let in my own name, from reading up it doesn't look like any buying expenses can be claimed as expenses when completing a tax return. I've looked around but struggled to find a pretty comprehensive list of what buying expenses if any can be offset, can anyone send me any decent list?
  10. If you are wanting to use the money in a years time then unfortunately the best and safest option is probably to have it in a 1 year fixed savings account. Investment isn't really recommended for short time periods. If you look on Money.co.uk there are some 1 year fixes paying 1.6/1.7%.
  11. It's not something I have lots of experience in, but here's a few suggestions: https://www.vestaproperty.com is all landlords selling tenanted properties Visit Zoopla and search for property for sale in an area, then filter using keywords like 'rented' and 'tenanted' Look for properties for sale on Gumtree/Facebook Marketplace/Ebay where the sellers are trying to save on estate agency fees Contact landlords directly on OpenRent of properties that have been listed a long time for rent/in poor condition
  12. Hi @adam-reed Morley, Burley and Kirkstall are all solid areas, although Burley/Kirkstall are very popular with students I wouldn't rule them out as they are also popular with young professionals, especially the ones who may want to stay in Leeds after uni but avoid living in Headingley/Hyde Park which are over run with students. The city centre should be a solid choice, I like areas such as the Northern Quarter/some of Holbeck/The Calls/Dock Street mainly due to the architecture, not as keen on the newer build blocks. Venturing further into Holbeck to the b2b terraces i'm a little unsure of and also you have to bear in mind Holbeck has the only legal red light district in the UK, so that's something that could put people off.
  13. Hi Adam, If you're mainly looking at West/North Leeds the main areas to avoid are; Harehills and Burmantofts. There's obviously other estates/areas to avoid, but generally most of the other areas are okay. South/East Leeds wise I would generally avoid; Gipton, Seacroft, Beeston, Middleton, Cross Green and Belle Isle. There's some central train stations i.e. Headingley, Burley, New Pudsey, Horsforth, Bramley, Cottingley. I would look for properties located near these as they offer 5-10 minute train journeys into Leeds train station. Hope this helps a little.
  14. Hi @maureen t I haven't used these companies, but know they source property in West Yorkshire: https://www.northernpropertypartners.com/ - Leeds/Sheffield/Manchester. they list their sourced properties on My Sourcing Hub (link below) https://www.smithukproperty.co.uk/ - Mainly Bradford/Huddersfield/Halifax/Leeds Also worth trying: https://mysourcinghub.com/ they have properties listed in Leeds, Bradford, Wakefield I also struggled to find any sourcers that covered Leeds that covered single lets, so knew that I had to try and find the properties myself. Thanks James
  15. Thanks for the in depth rundown @a1terrier, I will certainly have a browse at those areas going forward. These are the areas I was looking at with a £100k budget, hoewer if I had a bigger budget I would probably expand my area a bit. Lower Wortley: I've just had an offer accepted on a property here, it seems okay on the streets surrounding the property and good links to the motorways. Bramley: this is where I live, there's some nice areas and some not so nice council estates. Train is 8mins into Leeds and also around 20mins to Bradford in the other direction. Armley: theres good bus links to the centre and a reasonable amount of properties in budget. I found that I liked some of the street further out of the centre of Armley Town Street. Hope that helps James