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About sandrawoodpecker

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  1. Can someone please suggest what (if any) proof I need to obtain from a tenant who says she can only afford to pay 40% reduced rent due to CV19. She is self employed so should have income topped up to 80% by Government, there is a guarantor in place. Should they make up the shortfall? Thank you
  2. I've had 3 offers accepted for btl houses and i'm currently awaiting mortgage offers. I'm getting wobbly now about a possible recession and house price crash. Not sure if I should delay things for a few months or so. What does anyone else plan to do?
  3. Thanks for the information Stuart, all very interesting. I'm applying for 5 year fixed rates of around 2.3% and with 3 mortgages in the pipeline any reduction would make a big difference to my bottom line. As I'm in very early stages of purchasing, I've got a little time to wait and see what happens with the rates, if they do reduce slightly then that's a bonus, if not then I've still got a mortgage rate I'm happy with
  4. I'm looking at buying 3 houses about 120 miles from where I live and am looking at letting companies. I'm being quoted 10% plus VAT for full letting service plus admin fees of around £400 to find a tenant. I've found an online company called Lettings Supermarket who seem to do the same as other letting agents but without a high street office and a lower price tag of 6% for full letting service. Does anyone have experience of this Company? Www.lettingsupermarket.com
  5. I've been wondering exactly the same thing so will be interested in other people's thoughts on this. I have just submitted 3 mortgage applications for btl purchases but wonder if rates will drop before I complete on them
  6. Thanks very much for the suggestion , Crewe looks very interesting indeed.
  7. I would really love some input on my situation please as I'm going round and round in circles without getting anywhere. I've owned 2 BTL houses for 20 years and just re-financed to get all the profits out so I have a nice nest egg ready to invest in something new. I've thought about buying auction houses and flips but seem to have settled on the idea of buying some already refurbished houses 'up North' which are ready to rent out. I'm hoping to get 75% LTV BTL mortgages on them and use my cash as deposits. Someone has suggested Hull but I wondered if anyone else has experience there and which areas are best to buy in/avoid. Would you recommend Hull? If anyone has any other suggestions for towns/cities to look at then that would be great as it has been a dream for a long time to be able to do this but I seem to be over-thinking every possible scenario and getting nowhere. Thank you
  8. I'd really appreciate your help please. I'm a complete newbie at auction purchases but am very interested in a lot which is being auctioned on Monday. I'm just reading all the legal pack and wonder how many people get this checked by a solicitor prior to any bidding. I'm no legal expert but it all seems ok except I've spotted the clause re additional seller fees etc which is okay i suppose. Also, the Search pack seems ok except there is an 'Other Influential Factors' section with an issue identified in red box. It appears the property is within 250 m of an area likely to be impacted by environmental constraints - Nene Valley Nature Improvement Area. Anyone come across this before, any help would be fantastic! I've been quoted £400 for a solicitor to read legal pack (deductible if the sale proceeds) but feel that's a lot of money to be out of pocket if I don't win at auction and i'm also concerned that there isn't time to get this legally checked anyway. Any advice please on anything specific to look out for in the docs. House is a repossession lot I think. Thank you
  9. I'm currently re-mortgaging my two BTLs via Ben at Links 4 Mortgages. Very impressed with his knowledge and the service is excellent. We will definitely use him again. He deals with whole of market too. His mobile number is 07800 711981