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ayns

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About ayns

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  1. The area where I have been planning to invest is super hot, has been for about 12 months and personally I think with all the investment into my specific area, plus the Midlands in general, its just going to get worse. I have a 2 bed that gives me about 385 net that I have re-financed and recently refurbed, and I am progressing a purchase on a £145k 3 bed property that should yield me £400 pcm net which needs a very light refurb (£3k). Problem is, I was hoping to get together 4 properties in the next 9-12 months, but based on what things are going for locally here it could be a stret
  2. With the barrage of changes that have been coming after the Private rental sector, plus the project changes on EPC rules in the future, my minds ticking away on what the best strategy is long term. I have 1 x BTL which has been good for yield and capital gain however I am planning to sell it likely before the 2025 deadline on EPC. The market is hot in the area it is in so I'm going to push out as long as I gain to get as much value from it as possible, i've just spent money on a refurb as well however with it being an old property i know it will start to give me hassle again in 5 years +.
  3. Nottingham property circle is a good one and I have spoken to Jon a few times, not sure on HMO gurus as such but if you check out Gary slater (slater and Brandley) I know he has a big high end hmo presence
  4. Just had one go through with Santander and was rapid, surveyors turned round in 4 days as well . Great rate also 👍
  5. Hi, i go interest only like most investors, gives you the option to either a) save for further deposits b) pay the money into another yielding instrument (ISA/stocks etc) and the end of the year once tax / costs have all been paid out. I have run capital repayment before and found it tricky to manage maintenance etc with the margin and once you've paid that money, its not coming back the next month if you need it. Plus your debt gets eroded over the years thanks to inflation anyway. I dont estimate, I get quotes so I know the actual costs. Get three firms , get them to give you a qu
  6. Ha Nottingham is crazy in some areas, some of the growth is insane over the last 2-3 years in some places and places are selling like hot cakes. Played into my hands working the agents every week and getting them to message me when the contract was signed on something, when it hits right move your already hours behind
  7. Yeah I think a lot of people have cottoned on to the amount of money that’s been pumped in as stimulus and effort and funds the government will go through to keep the housing market moving upwards. They know how integral the property market is to the economy in general, brits put huge emphasis on property prices and if their houses / investments are going up in value they know people are likely to increasing spending in other areas. ive had an offered accepted today, was going to buy two places in the 3 months , but have decided to get one now (that I paid asking price due to its
  8. Mandy Waby. - https://www.veracityfp.co.uk/our-team/mandy-waby-mortgage-adviser Sorted a re-finance for me and just about to arrange another btl for me
  9. On that basis , I’f I was doing that now , I’d really want to understand how the agent measures any trades work that’s been done (do they get pictures sent to them to share with you etc?)
  10. Good skills. I’ve too made a decision to up an offer I had made by a few grand to get a property. Re-capped the numbers and the reasons why it’s a great purchase and went for it. As has been said above, either do and get on with it or wait, both come with risk, but I’ve never been the “what if type”. 👍
  11. Personally, I would just get the agent to do the basics and arrange your own insurances, mortgage advisor, trades people etc etc (unless your investing remotely).
  12. Like what? I paid 10% plus VAT with my previous agent now I self manage and paid them a finders fee. The most important things you need 1) Deposit stored securely 2) Water tight contract 3) landlord insurance 4) boiler cover or funds aside for that. I would shy away from one of those guaranteed rent agents FYI , if thats something they are trying to pitch. I didn't have the best experience of the agents quality control around what work was done to the house when they managed it, i went through a refurb and as a result amassed some good plumbing / builder / electrical contacts so chose to manag
  13. howdens was brilliant for us and I think with everything for 8-9 units came in under £2k. Personally I have found that the trades like magnet or howdens as well , you can obviously get replacement doors easily as well, not so much with ikea
  14. Obviously know nothing about the property, 1 bed/2bed house / flat etc, however that yield does seem quite low. I've just rented a property of mine with a value of £115 and its gone for £650 pcm. Also, this is obviously a personal thing, but i look at net yield , what would be net yield be? Yes capital gain is a consideration in the medium / long term, however I cost all my investments based on ROI and factor in minimal capital gain, the weekly rental is much more guaranteed and it'll be a combination of saving that rent and re-financing that lead to buying future places..unless you are doing
  15. I’ve had similar experiences. Just started viewing the last 4 weeks and hoping to get a deal done this week following an offer I’ve made. Personally I’ve taken the view of what it is worth to me. I’ve offered asking price on something that will net me £5k pa, although to be honest if they wanted £5k over I’d bid it costs me an extra but in deposit but the opportunity cost of missing out is greater. if you’ve been missing out for 12 months, I’d go back and look at how much those early day properties are worth now 12 months on, that’ll help you put more competitive bids together.
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