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About gstraw

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  1. Hey all! I'm looking to purchase our first property with bridging loan (note we have 3 BTL already but they have all been through BTL mortgages) Anyways I'm looking for recommendations for who you have used before and rough costs? I've seen from 0.5 to 1% per month but that's a massive difference. The property value is 100k and I'll buy it for 100k hopefully, spend 15k on it so I need 120k in total with fees and stamp duty. If ideally like to borrow 60 to 70k over 6 months. Many thanks!
  2. Hey! Does anyone know who makes the property hub university animation videos? I find them to be nice and clear and I am working on a startup company, and im looking for a similar theme to the video. If its someone who works for property hub, can you ask them if they fancy doing any homers? thanks!!
  3. Hey gents, thanks so much for both of your responses. really clear and consise! i think for the next 2 years i'll refinance as its easier for me the now and the ROI is still really high! thanks!
  4. Hey proprty hubbers. Having done a few of the university courses with PH university, i have realised the importance of having a mortgage on a BTL. My wife bought a property in cash for £47,000 7 years ago in Glasgow. Last year we transfered it into a limited company. Its probably worth around £55,000 now. Rental income is around £600 a month, service charges are around £100. So it leaves us with around £500 a month (I know...we were very lucky to get it but it was strictly cash only) I pressed my mortgage advisor and he said he could get me the following deal on this ex hig
  5. Hey! thanks for the reply. I managed to get some more advice and yes, the tax wouldnt work out well in this case as i will be lending on this property. My Mortage advisor said that i need to get a BTL so I need 25% deposit which is too expensive for the properties im currently looking at. thanks!
  6. Hey everyone. I'm new to the forum but have heard great things from other folk. So I have a residential property where I currently stay and I have a company with 2 BTL flats. I now need to move out of my current residential, buy another one, but keep my existing residential for my parents. I'm trying to understand who should purchase my second residential property, as I plan to stay in it for a few years then convert it to a BTL, when we move to another bigger place in the future. We have the dreaded 4% extra stamp duty up here in Scotland which really sucks. My
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