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  1. Hi there, I am purchasing two flats in Leeds and need a recommended company to do the surveys. Any recos? Thanks a lot Nick
  2. Hello, I’m after some advise on my strategy. I have 2 options. I currently rent out one property and have done for 5 years. I am currently living in rented accommodation at the moment. What would be the best option without going into too much detail I have summarised the two options below: Option 1: > Continue renting out my rental property. > Continue living in rented accommodation. > Buy another investment rental property for around £100k (add money by renovating) and rent out. Option 2: > Continue renting out my rental property. > Buy
  3. Hi all, I am a keen investor in the south as this is where I live and Know. In the areas I invest I can pick up a 2 bed flat for around 135-140K with a service charge of around £110 A property like the above rents for around £700 - £750, and the demand is high. Mortgages I have on these are around £220PCM so the returns are not too bad. I have a number of these and am now investing through a ltd company, as I know many of you are. I am now looking to pursue capital growth as I am happy with my income. Can anyone recommend areas that may have more potential
  4. Hi Everyone, I have made the decision to travel up to Leeds next weekend to carry out some viewings on property up to about £110,000. Only have 1 day and i want to make the most of the trip to get a feel and understanding of what and where is good new for a B2L and i don't want to waste any time doing it. can anyone advise me on some particular B2L hotspots in Leeds that i should make sure i go and see? I am split between going for a 1 or 2 bed apartment or a 2 bed terraced house that needs some TLC. any advise would be really welcome.
  5. All, I have found myself my first property and have started the process. I was just wondering what people's thoughts are pros and cons of a 2 year or 5 Year fixed mortgage. The interest is higher on the 5 year fixed. What are people's thoughts. Regards, Jay
  6. Hi guys! I'm new to property and I'm eager to get started. I recently attended Tom Heaney's free course this weekend and I want to know if anyone has done the same course or has paid for one of his further packages. I have only just stumbled upon property hub and I am really taking in their advice about watching our for scam courses. It is great to see the free content on this website. As I want to secure a deal within the next free months is it possible to do so without paying for extra help?
  7. Hi everyone, I've found myself in a bit of a predicament with an impending divorce and trying to figure the best way to navigate out of this situation. Any advice on the following details would be much appreciated. I have a property jointly owned with my ex. We have amicably decided she should get her share of equity that we've made plus any contribution to previous renos costs. This comes to approx. 60k. My issue is how best to raise the £60k. The easiest option would be to sell up and start again. However I've put a huge amount of work into renos and improvements over the last
  8. Hey guys, I'm looking to do my first flip up in Leeds on a property between the £80k - £100k mark. I have approx £25k cash for deposit, fees and renovation but I'm just a bit unsure which route to go down re: financing. I want to try and get this flip down as quick as possible (within 2/3 months) so I'm not sure if this will affect how I finance the flip. Bearing the above in mind is there a clear route to go (mortgage or bridging loan)? Would really appreciate any advice anyone experienced can give on this! I know lenders don't like loaning to people flipping, but I've read yo
  9. Hi Hubbers, First post on here so please go easy on me I'm 27 (no major commitments) and have £30k to start building a portfolio of rental properties... I'm currently looking to buy my first BTL property around Leicester / Wolverhampton, so thought it would be great to hear everyone's opinion on sourcing good yield properties (+8%). I'm not too worried on what type of property / location, etc. as long as it's not HMOs (I want to keep risks relatively low and be hands-off where possible). Additionally, if anyone's got any particular experience with great property lawyers and le
  10. Hi all, New to the forum and trawling through all the great content. Myself and my wife are looking for buy to let properties (mainly in the areas recommended by Rob and Rob on the podcast). Leeds stands out a bit for me, I've spent a couple of nights in Leeds and like the city centre a lot so am quite keen on the area for a buy to let. We're mainly looking for new or nearly new apartments that will require (hopefully) minimal effort in terms of management. I've noticed the LS9 postcode is relatively cheap and it seems there is a lot of regeneration going on neary by with the South b
  11. Hi hubbers! Hoping that some of you may be able to give me some advice ideas about my next steps and strategy given my newbie status and the current lead up to Brexit. Current status Own house Full-time employment No debts - other than mortgage on house 100K cash in savings and cash input from parents on a pay back scheme to be decided.... Ultimate goals Within 5 years have a passive income of £1.5K while working full-time Within 10 years have a passive income of £3K leading to full-time property developing career C
  12. We're looking at purchasing our second BtL. First property is a 2 bed house, which has done very well for us in terms of capital growth and steady rental return. Our plan was to go for another 2 bed house but we've changed tack. We've had an offer accepted on a one bed flat with a tenant in situ. The numbers are: Rent £475 pcm Service charge and ground rent £40 pcm Mortgage (interest only) £180. Purchase price is £88000, deposit of £22k plus other legal and stamp duty costs (approx £4500). The flat is in a conversion which has been done well and is walking distanc
  13. Hi All! I am super keen to build out my small BTL portfolio in Leeds. I found a stunning new build of townhouses but the developers say they won't sell to BTL landlords - is there any way around this? If not, does anyone have some advice of new builds/areas in Leeds city centre where I should be looking? Ideally 2/3 bed, unqiue feature(s)? Thanks in advance Nick
  14. Hi hubbers, I was hoping for a little bit of advice. My wife and I are currently looking to buy our 2nd BTL and we are not sure whether to buy in a Ltd company or not. We are both basic rate tax payers and can afford to buy in our personal names and not be pushed into the higher tax bracket providing we equalise our salaries (although we will be close to the 40 percent tax bracket). We are both 27 and I would like to think that in the next 3-5 years we would have had pay rises making us higher rate tax payers (myself more so as my wife is now working part-time). So my question i
  15. Hello all, I'm looking for some advice, I'm 25 and I've currently got a portfolio of 3 properties. My strategy this year was to carry on buying, but after having a meeting with my accountant he said perhaps it's worth me slowing down to see what changes brexit could bring. Everyone seems to have slowed down and I personally think this is a great time to try and take advantage of a slower market. Anyway, below is my current portfolio, if you need any further info please drop me a message - Property 1 Purchased for £214,750 Outstanding mortgage £140,000 C
  16. Hi Everyone, So I have viewed & want to purchase a large house near me, it was previously used as a halfway house for under 25's run by a charity. As such it was set up with 6 bedsits, each with kitchenettes & two shared baths rooms, one on each floor. There is also one more bedsit, that used to be the office that again has a kitchenette & its own bathroom. It has a fire alarm installed already, and each bedsit has its own consumer unit. Really it just needs a bit of TLC and decorating to get it back to scratch. My question is, should I keep it the same setup OR do I chan
  17. Hi All, I've always been interested in the property market and have recently moved back to London from Dubai. I'm in a position where I have a £50k deposit and would like to make my first investment. I'm interested in Leeds. I was just hoping to get some advise on which specific area I should be looking at. I would preferably like to invest in an area which is popular with young professionals. I'm planning a trip to Leeds next month and have started doing some research. Could anyone who's had experience in the Leeds market give me any advise? A
  18. Hello all, I have a potential deal to purchase three neighboring terrace houses and I'm interested in combing them into a large HMO. Has anyone done anything similar? I'm going to contact the local council for their opinion and advice too. These are in a block of three so I'm hopeful if these are developed correctly I could get these onto a commercial mortgage. I'd also appreciate any recommendations for a property solicitor who has experience in this area. All good fun! Thanks in advance, Chris
  19. Hello all, I would be interested to see which route you would go down and why? Please see scenario below - By May of next year, I will (hopefully) be in the fortunate position of having about £100-£120k cash, I plan to use this to buy property. Now here comes the tricky part.... I've been fixated on using this money to buy one big HMO property costing around £300-£325k and producing roughly net £1000-£14000 PCM, however the more I think about it, the more I wonder - should I use the money to fund 4 vanilla buy to lets or even a refurb? Option 1 - Buy
  20. Hello all! Unfortunately Kirsti and I have been put in a situation which could be a good starting point for us or a risky time. Kirsti has been made redundant at work and we've been looking how to start our property journey properly. So we were wondering do I pack up my job on the south coast and sell my house (80-90k equity) and just dive straight in move further up north as we're not bothered where we live buy a house outright do it up to the remortgage and rent out and then continue like that until we have enough money coming in to get our own mortgage to live somew
  21. I am looking for advice as I am sure there is a easy way around this. I have very recently split up with my partner and put our house up for sale. The house is for sale for £250k and last week I asked the bank for a settlement figure on our mortgage and we owe £59400. I want to stay in my house and basically buy out my x partner but to do this I would need about £140000 mortgage to pay the mortgage off and my X. I have been researching property for about six months and the split came out of the blue, so scuppered my plans, but I know this is an opportunity I can not miss to o
  22. Dear Hubbers HI, I'm a HMO newbie and grateful for your advice. I've got a 6 bed HMO , 2 storey in the works . All bills will be included. I've got myself a bit confused with the type of thermostat arrangement to set up. Should I just have a single thermostat in a communal area , one on each floor or one in each room ( super pricey to set up) I'd really appreciate advice on how to keep bills down whilst making sure everyone is comfortable . Having a thermostat in each room seems like the most comprehensive solution but its the most costly. Any advice o
  23. Good afternoon, I am going through the conveyancing process for purchasing a property (to let) in Liverpool. The details of the property are as follows: 1 bedroom. Purpose built flat in a small block. Built in 2017. Currently tenanted for £500pcm. Could realistically achieve £525pcm. ISSUE I have just received the following preliminary advice from my solicitors: Ground Rent- The ground rent is currently £250.00 per annum, and it will be reviewed every 10 years. On the first 5 review dates, the ground rent will be increased b
  24. Hi everyone, I am looking to get into property investment, but my wife and I purchased our house with the aid of Help to Buy so I need to wait to invest until this is paid for. In the 3 years since buying, we have managed to save up quite a nice deposit for a house to let out, but in Dec 2020 we will be due to pay back our Help To Buy (amount dependant on house prices at the time - but could be c. £70K). Does anyone have any guidance on effective ways to deal with Help To Buy and plan for when it needs to be paid? Thanks, Wilfitzy
  25. Hi everyone I'm currently getting my deal packaging business started. Should I be looking to get a list of investors before I search for the deals or should I find the deals first to then attract the investors? I have read that I should build my investors list first and then find the deals. However, I have also been told that serious investors (which is who I want to attract) will want to see previous deals and trading I have done before they work with me. Any advice on which I should approach first, investors or sellers? Thanks
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