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david thompson

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About david thompson

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  1. Hi Matt, Apologies for the delayed response, things are hectic at the minute! Good to hear you're looking to get into property, its an interesting time for investors at the minute! I'm still in the business, although over the last few years I left the buy/refurb/flip game to do some larger developments. I still have a couple of HMOs just outside the city centre and in North Fenham, and some BTLs dotted about, however I did sell several to free up some equity and invest down the country. I've purchased in Mancheser, Liverpool, Leeds and Nottingham with a hope of getting a good cap
  2. Hi all, Recently over the last fews years property investors have been targeted including the new stamp duty regulations on second homes, and changes in expenses relating to mortgages etc. This has reduced the number of BTL investors by 50% With an upcoming election my question is: if property was literally your sole purpose for voting, which party (so far) is offering the brightest future for investors and why? We're sure to hear a lot more as we approach June 8th but I thought i'd get the ball rolling. Also, the question will affect different investors (either small or l
  3. Hi all, I currently rent out an HMO and one of the tenants is leaving the country for 3 months and have asked to sublet the room. They love the property and would like to carry on their tenancy once they return. They have asked if they can sublet the room to cover their rent. The house has a separate garage and they will store the majority of their belongings in there while they are away. I am happy to do this, but i'm unsure of the legalities involved. Am i right in thinking that the legal tenancy between myself (the landlord) and the original tenant carries on as normal (ie. I co
  4. Hi, I have a tenant in an HMO (which i manage privately) who has one month left of his contract before it goes to a monthly rolling basis. The tenant is happy with the property and wants to stay on. They have mentioned to me this morning that they plan on going back to their home country to undergo an operation and should be unable to work for 3 months. They plan on spending 3 months out of the country at home while they have physio before returning to the UK. The operation is through choice and they are taking 3 months unpaid leave from work. They have stated that because they won't
  5. Hi Nicola, Many thanks for your response. Yes i've been debating the London vs Northern cities for a while now. I think the boom is certainly slowing in the London, and capital growth over the short term wont be anything like it has been recently. However there will still be plenty of gems down there and a smart investment will still get a great return over the longterm. Similarly to your strategy, i'm keen to invest in BTLs in London, could you advise on any areas you think could offer good growth over the next few years? My BTL portfolio is based in the city centre and the sub
  6. Both of these are very useful - Many thanks for your help! David
  7. Hi Ashley, Many thanks for this. That's a great help!
  8. Thats great, Ashley - many thanks Makes things a lot easier!
  9. Hi folks, Thought i'd quickly introduce myself: I'm Dave, i'm born and bred in Northumberland and now live in Newcastle upon Tyne. I've been living here for the last 10 years after a brief spell at university in Leeds. I've been investing in property for the last 3 years; mainly flipping property, but have also renovated several HMOs which I now rent out. This allowed me to quit my job to work full time in property. I plan to carry on investing in Newcastle and the surrounding area, although I'd also be open to spreading my wings and looking elsewhere, particularly areas with
  10. Morning folks, Could anyone be kind enough to provide me with a formula to calculate the new stamp duty figures for second homes? My knowledge of excel stops at way before '=SUMPRODUCTS.....' Coiuld you assume the purchase price is A1 Many thanks in advance. David
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