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ArjunB

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  1. Hi all, With the rise of licensing & building requirements, tenancy checks & deposit regulations, commercial property investment looks ever more appealing. Commercial property investment and ownership is seen far more like a business, rather than being a ‘greedy landlord’. It’s fairly well-known that UK commercial property doesn’t appreciate in the same way that residential property does & that mortgage rates are far higher, with lending having stricter covenants too. Does anyone have any resources to think about this more? Any recommendations on where to find good deals for <=£500k or any other tips from seasoned commercial investors? Would like to delve into this a bit further. Thanks! Arj
  2. Realise that this thread is from ages ago, but would be very interested to hear how this went!
  3. Hi Stoil, Was wondering where this project went? Did you go through with it or find a problem? Looking forward to hearing from you. Cheers! Arjun
  4. Hi all, I know that Zoopla and Rightmove allow us to analyse sold prices on a street, but I was wondering whether there is any way to look at sold prices a certain property type within a certain area? For example, how would I search for and find data on 1 bedroom flat sold prices within 1 mile of SW7 2AZ? Is there any particular way of doing so? Or for example, 3 bedroom bedroom terraced houses sold prices within 2 miles of SW7 2AZ? Cheers!
  5. (For whoever is reading this) Update - I rang my drainage dude Scott and told him about Yorkshire Water's trip. Scott said that I should have let him speak to the Yorkshire Water man (Bradley) and they could have had a chat. Luckily, I still had Bradley's number & so I arranged for Bradley and Scott to have a chat. Afterwards, Scott told me that Yorkshire Water is going to desilt their pipes, which will help and Scott said he would take another look. After Scott took another look, he realised that the toilet and attached wastepipe is blocked with limescale! As a result, the toilet is draining really slowly and this is the problem. As Scott only deals with drainage, he can't help anymore so I need to find a plumber in Doncaster who will help me deal with this. Again, if anyone knows a good plumber in Donny who can descale the toilet or indeed replace the toilet and wastepipe together. As with the rest of the country, it seems as though all tradespeople are very busy at the moment and so it's difficult to find someone to go round and give me a quote. Let the struggle continue...
  6. Cheers Stuart. Any idea how this changes if BTL purchases are within a limited company?
  7. Hi all, Had a question about affordability - personal loans, specifically. I wanted to know what kind of impact this has on mortgage-ability. For example, is it a problem if I have a personal loan whilst applying for a mortgage? What about if I have a personal loan and I’m applying for a mortgage within my limited company? Else, how about if I pay off all outstanding personal loans before applying for a mortgage? Is there any lasting impact on my credit score of having one? (All assuming that I’m repaying the personal loan as expected and there are no defaults or delinquencies) How about 0% credit card debt instead of a personal loan? What about the impact of personal loans and 0% credit card debt on bridging or development finance? Cheers, Arjun
  8. Hi mate, Thank you very much for your response! I've recently acquired the property (last month) & the council pay me directly already, since the previous landlord had gone through the UC74 process, afaik. Assuming that the tenant informs Universal Credit of the increase in rent, what would happen then? Would Universal Credit cover the difference, assuming that the new rent is within their housing allowance? Cheers!
  9. Hi all, As above really. How do I do so? I own a property with a Universal Credit tenant (who pays no portion of the rent) and the council pays me the monthly rent directly. Whilst I'm not intending on increasing rent soon, I was wondering what the process is? The tenants don't understand English that well, so whilst I would send them an email indicating the rise, I would need to inform the council myself. Was wondering what I'd need to do and whether the council may have any questions, queries or indeed put up any barriers for me? Looking forward to the replies, Arjun
  10. Hi all, Am struggling to deal with a seriously blocked toilet in Doncaster... God knows what’s been put down it! The toilet drains, but very slowly, with solids failing to clear at all. Not nice. Called a local drainage bloke to take a look and whilst he managed to attack some of the blockage, he said that the blockage is definitely outside the property and I should call Yorkshire Water to vacuum the blockage out with a tanker. He apparently tried to clear it using 3000 psi and it didn’t work. He managed to pull out some waste which included a j cloth... (!) Yorkshire Water came over today and the man said that the man hole is clear, both towards the house and away from it. So that means that the blockage is towards the bathroom, perhaps in a down pipe somewhere? Was hoping that someone could advise me on what I should do... am at a bit of a loss. Other than get a different plumber round, what should I do? Am looking for recommendations for plumbers or drainage experts in Doncaster or South Yorkshire for this problem too, please tag below! Cheers, Arjun
  11. Hi all, Wanted to ask a rather theoretical question - what would my lending options be if I refused to provide a personal guarantee to my limited company on a new mortgage application? I understand they would be limited, but exactly how limited? How about if my limited company had several properties already, with a large monthly cashflow? What about if my limited company owned another business which had a decent monthly cashflow? What about if my limited company was owned by another profit generating company? Looking forward to your answers. Cheers!
  12. Hi all, I'm buying a property with tenants in situ and I don't think I'll be able to pick up the keys until a week after completion takes place. That's when I'll go up to the estate agent's office, pick the keys up and meet the tenants. Is there a problem with this? Would there be any risks that I should know about? Cheers, Arjun
  13. Hi all, As above - I need to file accounts for the first accounting period of my limited company now and I'm on the hunt for a top property specialist tax accountant. Please provide recommendations below. Cheers! Arjun
  14. Thanks Julia! Really appreciate your help, will do some investigation myself. Arjun
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