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tom_r

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About tom_r

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  1. Does anyone know the student let market in Preston? Thinking of taking on a 3 bed in the Plungington area and sprucing it up a bit to let out.
  2. I am having trouble opening an account with Starling bank. They are asking for additional evidence of my business activities; however, it is an SPV that I have only just set up pending acquisition of my first property. Any advice on this would be greatly appreciated!
  3. Sure - I got it here: https://drive.google.com/file/d/1v6uk8IU6m2zGqqztJrRpfjwfeLxqfZQY/view?usp=sharing
  4. On the refurb costs as a revenue expense - any tips on the best way to ensure this can be recorded as such? (i.e. if you buy somewhere that is empty and needs some work before you rent it out - any tips for how this can be put in the revenue expenses bucket rather than capital expenses?)
  5. Thanks both. The area is Leeds city centre. The flat is a fairly new one (last 10/15 years) - service charge is quite high. I'm hoping for capital appreciation. I would be purchasing through an Ltd which is why the legals were higher than usual. The property is currently let out at 650pm although that tenant will be vacating. 595 might be more realistic. Perhaps I do need to try and shave some monthly costs off somewhere (probably the letting fees).
  6. Hi all, I have 100k that I am looking to invest into property. I have seen a first property which I like the look of and would be grateful for any thoughts/advice on my numbers as set forth below (thank you to the member who posted the spreadsheet link!) One of the things I am wondering is whether it is better to opt for a 5 year fix @ 3.5% or a 2 year at 3%. (I have assumed 5 year fix @ 3.5% for the purposes of the below and have just use the initial rate on the basis that I will remortgage at the end of the fix but maybe I should assume something higher than 3.5% to take account of
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