Jump to content

raymanlam

Established Member
  • Content Count

    11
  • Joined

  • Last visited

About raymanlam

  • Rank
    Established member

Contact Methods

  • Skype
    RAYMAN

Profile Information

  • Location
    Hong Kong, Kowloon
  • Areas I invest in
    UK
  • About me
    Currently starting off on my property journey and have saved a good amount to get started. Educating myself sufficiently in the meantime before I get started.
  • Property investment interests
    BTL
  • My skills
    Construction
  • My goals
    Financial freedom
  • Interests outside property
    Running, cycling, taekwondo, muay thai, gaming, tech

Recent Profile Visitors

The recent visitors block is disabled and is not being shown to other users.

  1. Hi all, I have an arrangement with a family member whereby the property was purchased by my sister and essentially "verbally gifted" to me to help me onto the property ladder. We are currently in talks of several scenarios in order to extract the equity/cash from the property in order to help me to build my portfolio. One potential case would be to sell the property and cash in on the current value; apart from the initial capital gains tax, are there any other law/tax penalties we should aware about if she was to transfer a lump sum to me following the sale of the property to
  2. Thanks for your response Julia. What would the terms explicitly state and to what level of information would I have to submit (if any) to the mortgage company should I opt for a BTL option? I would agree with you on the protection of the AST in that sense too. The BTL mortgage is essentially just a bridge for us as we are planning to pay off the mortgage in full within the first 5 years. Would there be any repercussions on letting to my girlfriends parents in that case? Just wondering how thin of ice will I bet treading if I was to take this approach. Much appreciated for your
  3. Hi all, I am a UK citizen currently residing in Hong Kong. I am looking to buy a property in Oxford and have approached Liquid Expats to assist with arranging a suitable mortgage for this purchase. I have been told by the advisor at Liquid that I am not able to take out a buy-to-let mortgage and rent to someone outside of the open rental market (in this case, it would be my girlfriends parents). My first question is, are there any repercussions if I was to take out a buy-to-let mortgage and rent to a: friend, family or anyone in my girlfriend's family? Bearing in mind, we are n
  4. Hi all, My sister current has a property with a decent amount of equity in it and is considering passing some of that equity over to me to start my Property portfolio. Is the equity taken out locked for the original mortgage/home owner or can it be passed as cash to someone else, i.e myself? If its the former, I assume the only way for me to access that equity and start my Property portfolio would be to apply for a joint mortgage with my sister. Any help would be much appreciated!
  5. Hi all, So I'm a British citizen and I'm due to marry somebody with a Hong Kong citizenship (and BNO). I am currently living in Hong Kong and have plans to return to the UK to build upon my property portfolio. I have plans to apply for a joint mortgages with my soon to be spouse and build the portfolio together. Would my wife-to-be need to have British citizenship before we can apply for a joint mortgage, or will she be able to apple with her BNO regardless? Rayman
  6. Hi all, I have been verbally gifted a property from a member of family with roughly £200k in equity. My sister is currently unemployed but has a couple of properties under her name. I have plans to sell this property on and use the funds to build my own property portfolio within a limited company by investing in 4-5 properties in the northern powerhouse in the UK in the coming 2 years through a sourcing company. In terms of selling the property, what fees, tax (i.e. Different tax bands) and associated cost do I need to be aware about should my sister sell the property? I woul
  7. Hi Andrew, Just wondering if you were referencing TPP119 and the checklist mentioned there. Is there a "tools" section on the property hub website where items such as the aforementioned checklist, calculators and the various trello boards mentioned on the podcast can be found? Would love to access this set of information as I've tried searching in the show notes and could not find the majority of the times! Thanks for all the content. Kind regards, Rayman
  8. Hi everyone, My name is Rayman and I'm an expat currently based in Hong Kong. Thought I'd take action and drop a line in the forums to introduce myself. Aside from introductions, I'm also keen to find out whether the meet ups will continue in Hong Kong once Covid-19 eases? Eager to meet a group of people who's equally keen as I when it comes to podcasts and the Property Hub! Rayman
  9. Hey everyone. I've just listened to this episode too and have started to use Trello recently. Would be great if the template was made available again, I couldn't seem to find it like the poor souls above.
×
×
  • Create New...