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  1. Hello everyone. I’m Monica and am looking to start my property journey which I’m really excited about. I’ve the funds to invest but need a power team around me to keep me honest and steer me on the right path. I’m based in Birmingham so would appreciate any recommendations for a property accountant, mortgage broker, solicitor and builder in the Midlands. I’ve tried looking around myself but I’d rather use people who are tried and tested. Thanks in anticipation of your help.
  2. I've had a look on the .gov.uk website at setting up a limited company. I'm not sure if its better to get my accountant to set it up for me? Are there any obvious pitfalls people have come across? Are there things I might miss that could be a problem / cost me in later years? If doing it yourself do you just use the memorandum of association template they have on the site, and standard articles?
  3. Hi, I'm an IT contractor working through my own limited company. This company has surplus profits from which I would like to invest in property. I've been advised by my accountant to set-up a new LTD company to do this with. I've been advised that I can then loan money to the new property investment company from my existing limited company. Does anyone know whether I need to produce a formal loan agreement for this? My accountant has said no , but that doesn't feel right to me. Surely the particulars of the loan would need to be documented, even if I am owner of both companies?
  4. Hello everyone,I am new here, but have been following Rob and Rob for some time and very grateful for all their work they do for community, hopefully I’ll manage to get my own BTL soon.I would like to form “Rent to Rent” limited company and I was wondering if someone could help with advice please.I have found two 3 bedroom houses I can rent and sublet on room by room basis. The living rooms have already been converted into 4th bedroom, so there will be 4 people in total in each house.To my understanding, I need to:1. Sign commercial lease agreement between my LTD and the house owner.2. Make su
  5. Hi All, I have been quoted £77+VAT a month for a property accountant for the accounting of my SPV, which will hold 1 buy-to-let property (for two years). My first question, is this a good rate? My second question is, is this value for money as I will only have one property? Or would I be best served paying a property accountant once at the end of the financial year to complete the relevant company tax documents? Thanks in advance, Joe
  6. Hi, new to the exciting world of property. We have set a company up but need some adcice on accountants and brokers any suggestions are welcome! Thanks in advance!
  7. Hi everyone! Always been eager to post on here and finally have a question! My situation is that I have a single buy to let flat that was purchased in a company name. (I set up the company a couple of years ago) I'm currently achieving a pre tax monthly profit of £270. (After monthly mortgage (3.7% Interest only 5 year fixed with Paragon), Service Charge and Ground rent has been taken away) I've always had an accountant lined up, however they are wanting a monthly fee of £62.50 plus VAT for their services. For that they will offer; "the preparation of a small set of
  8. Hi All, Just thinking about purchasing 3 properties in a ltd for specific purpose of letting. I understand we get the benefit of Multiple dwellings relief (i presume this is only if we are purchasing from same vendor?) but was wondering do you need to factor in the extra 3% surcharge on the average SDLT too? thanks All!
  9. Hi everybody! My husband and I are looking to get a BTL in Scotland (we have some contacts there). We're not homeowners and are wondering what's the best to do, buying through a joint personal mortgage or through a limited company. Our mortgage broker said that possibilities are very limited for us buying through a ltd, plus interest rate will be higher. Our idea is to build a small portfolio. Would it make sense to start with one property on a joint personal mortgage and see how things go? It looks that is more expensive to start with a limited company. I guess the problem would be
  10. Hi all. It is high time that we engaged the services of an accountant to help us navigate the tricky waters of the property world ! A summary of our position: We own a retail business that has been trading for about twelve years. In October 2017 we commenced holiday letting in an attached annexe, this is ongoing. In October 2018 we purchased our first property which was in need of total refurbishment, this was finally let in August, 2019. In January 2019 we purchased our second property which is being refurbished and will be let in the new year. We are c
  11. Hi all, hve a very quick question; I am planning to lend some money to my own limited company (zero interest) to buy a BTL. I believe this is called director’s loan so that my limited company can pay it back to me in the future without any tax implications. My question is, do I need to fill any standard forms to establish this loan relationship between my self (director) and my company? thanks in advance volkan
  12. Hi all, I intend to set up a limited company to hold btl properties, I don't intend to draw a salary from this SPV any time soon. To seed the SPV, I was planning to make an inter-company loan from my current trading ltd company to the new property company which I assumed from research was the best option. However my accountant advises the most tax efficient approach will be the property company holds shares and receives dividends as a source of funding from my trading company. When looking into this, I have seen where people set up a holding companies where both property co
  13. Hi, My husband and I are looking to invest in property and are looking for a mortgage broker and an accountant to start us on our journey. We are based in London. Does anyone have any recommendations? I have tried those recommended by The Property Hub but the accountants are not taking any clients at this stage.
  14. Hi all, my name is Douglas, I am 29 and I live in South West Scotland. I recently did a large house renovation on my own home and now wish to take some equity out so I can start investing in property to hopefully get financial freedom in the future as I wouldn't say I love my current job. I hope to buy my first Buy to let property this year in Preston. The one thing that is holding me up a bit is finding a good mortgage broker and accountant. I just am not sure where i should be looking. If there are any recommendations for either, it would be much appreciated. If anyone is currently i
  15. Hi all, I have just set my limited company SPV and am purchasing my first property through it. I have been searching for a property accountant but not had much luck. I was an accountant that specialises in and property tax and ideally is an investor themselves. Can anyone reccomend any in the Manchester area who are fairly priced and competent? Thanks in Advance!! Jonny
  16. Hi, I live in Kent but I am looking (for various good reasons) at investing in Sheffield area. I'm currently assembling a team of advisors - accountant, solicitor, mortgage advisor etc - and evaluating the pros and cons of going local to where I live or where I will be investing. The obvious pro of having them to local in Kent is being able to pop in and see them in person at short notice but I suspect the costs down here are higher, perhaps a lot higher, than they would be in Yorkshire. An added weaker point is that people local to where I am investing might have local knowledge affinity etc.
  17. Hi All. Just joined and am looking for a sound recommendation. We are developing a site, have founded a Ltd company to own and manage the development and future ones. Wold anyone have a strong recommendation for an accountant near Marlborough, Wilts. We'd like to avoid schemes which sail close to the wind and could be challenged in the future. Not keen to just accept the vanilla option either. Ideally a firm who have the smarts and experience to develop a strategy which is efficient and sound. This isn't a one off piece of work, it will
  18. We have set up our Limited Company this month, it will do flips (to expand the investment pot) and later on it will start to buying-refurbishing-managing HMOs. We are in need of an accountant and would prefer one that also invest in property. Does anyone know one preferably based in London?
  19. Hopefully this is an acceptable introduction of myself. I am an Accountant looking into property investment as a business alongside my existing practice. I find this site saturated with information and am so pleased I stumbled across it.
  20. Hi all. We are finally at the "money is about to be made available to start up our company" phase, so I am looking for recommendations for a good (preferably great) property specialist accountant near me. Ideally, this would be around the Leigh area of Greater Manchester, but anywhere with 10-15 miles, so Wigan, Warrington, Manchester are all in there. I am pretty certain on the Limited Company route, as I already pay higher-rate tax, but have a LOT of questions about how to set it up for the best protection/lowest tax-liability, director's loans (both makin
  21. Hi all, Whilst not new to the BTL scene, this year I purchased my first property inside SPV / Ltd Company and as I approach the final quarter of the company accounting year, it is about time to find an accountant to take on the new area of end of year filing activities!! I would like to consider myself pretty savvy in general numbers and tax game having filed my personal SA returns for many years but the company accounts games is a whole new story that I am looking for help with. I would be happy to do my own double entry bookkeeping and provide my chosen accountant with acc
  22. Hi, Just starting out and trying to source my 'power team'. Any recommendations for good, reliable surverys, builder, accountants and mortgage brokers in the Nottingham/East Midlands area? Going into my first buy to let, first strategy, first time everything so would really like honest and reliable people with great recommendations so as to lift a bit of the worry when just starting out. oh and to those from the Nottm area I'll be attending my first property hub meet up in Notts soon too, Thanks.
  23. Hi , My name is Brighton , im currently looking for a property accountant in the Birmingham area or an nationwide accountant , do you have any recommendations?? Thank you in advance
  24. Hello All, I am hoping for some recommendations for an accountant based in the Cardiff or Caerphilly area of Wales that specialises in property. I have some BTLs personally but looking to set-up a Ltd company and as such looking for accounting services. Thanks in Advance! Mike
  25. Hello, Does anybody have any reccomendations for a property accountant in Liverpool. Thanks in advance Shaun Cavanagh
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