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MatthewM

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  1. What code would you propose if for example, you purchase a property to flip (within a company), however once the work is completed you struggle with the re-sale so you rent it out and refinance with a company BTL mortgage? I have always wondered whether you would require 2 separate companies ie. one for flipping and one for refurbishing.
  2. Well after last nights announcement, i will definitely not be listing my flat for until at least another 3 weeks time.
  3. Martyn that is really good and thoughtful idea!My flat isn't really near a hospital but if someone can offer some more advise i would definitely like to look into this as at the moment it will just be sat empty.
  4. I currently have a flat which i am renovating and should be ready within the next week however with everything that is going on should i hold back on advertising it for a while? I cannot imagine many people booking viewings right now. Ideally I’d like it tented to pay the bills etc however I don't want to find a tenant who may struggle to pay in the future as I’m in a rush. Im interested in your thoughts on this.
  5. I am in the same situation. Just been informed that if i intend to sublet my leasehold property then they expect me to pay a £138 registration fee for a new tenant. Has anyone had any luck with "Simarc Property Management" in reducing/removing this fee?
  6. Personally, i think this is a prolonged mid cycle wobble. A lot of the share sell off is over-reaction as companies have lost over 40% in share price who are not affected by the virus. Plus credit is so cheap at the moment.
  7. Not sure if this has been asked before. I currently rent out an apartment and the tenancy has come to an end. I am now in the process of making the apartment look better for re-advertising it. This involves mostly light decoration so would this be classed as general maintenance and repairs? If so, I have kept my receipts for the purchase of filler, paint etc however can i then charge myself labour costs (as I will be doing the work myself) and offset this against my rental income also. This property is not held within company.
  8. So after last nights election result, will this be the beginning of the boom for the next 5 years? I have just re-listened to episode 69 in which the two Rob's talk about the 18 year property cycle. This episode was recorded in 2014 and they predicted a wobble in 2017/2018 which is more or less true if a year early as we have seen this during the Brexit shenanigans. Could this now be the end of the wobble, if we leave the EU next month and a majority government starts to ramp up government spending? I work in the house building industry and our CEO is very optimist in regards to the impact of last nights result in the respect that the general public will be a little less reserved in regards to making future property purchases.
  9. Conrad, Yes I have read that I would require a holiday let mortgage to allow serviced accommodation to be used.
  10. On a similar vein, I am curious to know how this would this work for serviced accommodation. ie. I own a property as an individual, then set up a ltd company to operate the property as serviced accommodation.
  11. @Adam Hosker what would be the difference between Directors/shareholders. This is potentially something me and my dad could be looking to do as he is nearly 60 and i am nearly 30. As my parents have a poor pension plan, my idea at the moment would be to set up the ltd company in which we are both part of, share the net profits we generate, then when the dreaded time comes, I will take full ownership of the company. Also i see you are based in Pudsey, so i may contact you regarding broker services in the future when the time is right.
  12. Just a thought, would it make more sense purchasing properties in a Ltd company where the two generations can both be directors?
  13. I have an apartment near Leeds city centre but now looking at the Wakefield area
  14. Ben, Sounds like you have a strong goal and a real direction to where you want to be. Are you looking to invest in and around Bradford? I live in Wakefield and looking for my second property in West Yorkshire.
  15. I have started doing my own research of Doncaster due to the property prices and it being about 45 minute drive from my home, however there does appear to be a large Article 4 area within the town centre
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