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  1. Hi all, We all hear on TV, on the radio, in the papers and on property podcast about buying at auction, but, where are all of these auctions taking place and how do we get hold of the catalogues? I have searched many times on the web and never seem to find anything more than a few small sales, and barely any have any decent online catalogues. The best I have found and always refer back to is Clive Emson http://www.cliveemson.co.uk/ , but I am keen to find others. So, if any other members know of other sites that have a good online catalogue or catalogues that are easy to get ho
  2. Dear All, This seems to be a really helpful forum. I was wondering if anyone could advise which specialist companies allow you to have multiple BTL mortgages with them. I know The Mortgage Works (TMW) do, but they also have a cap and relatively high rates. I am wondering which alternative avenues to explore and if anyone had much experience with any other (specifically) specialist lending companies to accommodate further purchases. Many thanks for your time. Aneil
  3. Hello Everyone! I read Rich Dad Poor Dad 15 years back, then life got in the way and a great career in financial services that brought(born in South Africa) me to London in 2004. About 6 years ago I bought my first investment property off plan at the complete top of the market in 2008. This has become a most valuable lesson for me as the initial incredibly tough time of negotiation in getting the deal completed meant I have learned a lot very early in my property investment career. It is only till about 8 months ago that I truly started to get into gear to really think about buildi
  4. Hi everybody, I'm brand new to this and hoping to buy my fist investment property within the next 6 months. I've encouraged a couple of good friends to buy in a consortium. My thoughts being that it would be quicker to buy 9 houses together than it would be to buy 3 houses seperately. Strength in numbers anad all that. Other than the obvious, friends falling out, having a JV agreement in place and having clear exit strategy, individually and collectively - is there anything else to be wary of? Additionally, I looked at a property yesterday and I hadnt realised, it has a lea
  5. Hi I am brand new to this this forum. I have one property I am about ask letting agencies to rent out & I am also looking to invest into a new BTL project. I was wondering if anyone knew of any great templates / spreadsheets that can be used to enter all income & expenditure data, so I can keep a handy eye on it all. Thanks Joe
  6. Hello all I've been listening to the podcast for a couple of months now and it's been great in helping me find a direction. I've just sold my first house and was well on the way to buying another to live in, but after listening to almost all of the podcast back issues I'm much more interested in BTL and flipping. I've currently got a healthy deposit for a start but I have been struggling with mortgages as I'm no longer a homeowner and I'm not a particularly high earner. I spend my weekdays carrying out joinery and building and my weekends...are usually the same
  7. Hello everyone, I'm in the process of buying my first BTL house and I encountered a few problems. The house has a rear extension built over a sewer pipe. The extension was built in the 80s and has a planning permission. But there is no build over agreement with water company. I've read that building over a sewer pipe can be a problem, as the extension can cause damage to the pipes if not done properly and in case the pipes need repairing this could be very costly. On the other hand the extension has been there for 30 years and from the building survey there are no visible problems. Als
  8. Desperately seeking a financial wizard/accountant/bookkeeper to help me prepare for my first re mortgage to release equity for a self build / BTL strategy I have a salary of £26k incl overtime, plus around £20k of self employed + rental income (commercial property sub lets, lodger and parking) I've been doing my own tax returns for years and as I'm so conditioned into maxing my expenses to pay as little tax as possible, I feel it would be wise to employ a suitable wizard with a sound understanding of the current requirements of lenders to give me the best outcome. I need to be sure what
  9. Hello everyone, I'm getting closer to buying my first BTL property. I have done lots of research and read thepropertyhub blog, listened to podcasts. There is a lot of advice to buy a property with potential to add value (renovating, adding extensions), so that you can remortgage and get your deposit back. My question is, if I'm buying away from where I live and I don't have a lot of experience with refurbishing properties, is this still a good strategy? I would have to find a construction company, trust that they do the right job, won't charge me a fortune, the refurb will not take too l
  10. Hello, I've invested in property before, though not very successfully. I currently don't have any investment properties. I'm keen get back into property investing, albeit with a better a better understanding. Which is one of the reasons for joining The Property Hub. Right now I'm looking at BTL and commercial property to get the ball rolling. I look forward to sharing and learning with you all. Christian
  11. Hey all, Does anyone know of any good BTL mortgage brokers in London (SW to be specific)? I'm looking for personal recommendations of anyone who has provided a good service to any of the forum members. Thanks!
  12. Hello everyone! My name is Ewa and I live in SW London. I always wanted to work for myself and achieve financial independence. I was considering various business opportunities when I finally set my mind on property. Just saved up for the deposit and planning to buy my first BTL beginning of next year. I’m a freelance web designer, but planning a full time career in property in 5 years time (that’s my goal :-)) I’ve read a few books about property, joined thepropertyhub and started listening to the podcasts, which are great source of information! I have not decided w
  13. Hi everyone, I have been following the forum for sometime, learnt so much and continue to do so! Please continue the good work, now to my predicament .... I bought my house three years ago for £150,000 it’s now worth £200,000 and have £72,000 mortgage but I am now planning to move in with my girlfriend. We are also planning to start property portfolio. So we want to take equity out for down payment and also change my current home to BTL. But we are not sure whether to take the equity out first and then change it to BTL or we need to change it to BTL first (would 6 months rule apply here be
  14. Hi! My name is Gareth and I live in the little industrial town of Warrington! I work as a Business Analyst and I have a keen interest in property. I am new to all of this, not actually being a homeowner myself yet. However listening to the 'Property Podcast' and the 'Property Geek' podcast has really peaked my interest and my knowledge! I now have a clear goal to be on this Hub as a fellow investor ASAP. So I'd like to ask a question; If say I got a cheap house to get me started, between 60-70K and lived in it a few months whilst getting it ready to let....If I wanted to then
  15. Hi all, Really enjoy reading all the topics in this forum. I currently have one BTL investment in Manchester and live in London and face the following dilemma. Situation: With my mother and brother moving out in the coming months I face the problem of having spare capacity in our residential property. Consequence: With only my younger brother and myself left in the house, it is highly likely we will move out and either rent somewhere new or buy a place to live in. What does this mean? Option 1: I could convert the 4 bed house (5 if I convert the living room to a bedroom),
  16. Hi All, I have seen two properties at auctions taking place in two weeks which I am keen to go for on a buy refurb let basis. If you don't mind I'd like to share my numbers and get any views as this would be my first auction purchase. They are both 2 bed properties in south London. Both properties require work, (approx £10k - had a local builder come round to give estimate at £8k): Maximum willing to pay = £190k 10% deposit plus £400 sellers fees = £19,400 Bridging loan (70% LTV) therefore additional = £38,000 Terms of loan will equate to £935 per month. Assuming up to three months
  17. Hi all, This is my first post so be gentle! Basically I would like to pick the forumites brains about mortgages. My scenario is that I will be changing my home to a let to buy mortgage soon, letting it, releasing some equity to either purchase a BTL investment while I rent elsewhere, or use a residential mortgage to buy a renovation and do a flip. I currently have no other property investments. Bear with me…BTL first Can I have a BTL mortgage on a new investment property, without owning a residential property outright or on a residential mortgage as i will be on a let to
  18. To me, it seems clear that unless one disposes of substantial amounts of cash, London is becoming more and more distant as a viable financial investment for many of us. ROI's and yield values are not great compared to other places in the UK, prices are increasing by the second, and making good deals seems impossible (competitions is fierce!!). But hey, you can argue that London will always have a high demand..a very strong point if every month you have to pay your lender! The amount of people wanting to live in the UK is increasing and London is like a flame to a moth for most of them. On
  19. Hi All, Got here through the property geek podcasts. Been reading the forums for the last few weeks now, which has been a great form of motivation for me. Thanks everyone. I am John and I am a newbie investor. I have a one bed property in Streatham, London, that is a BTL. Came about accidentally, but been going well for the last few years. I have earmarked 2014 as the year I get my first ‘proper’ investment and I am keen to learn from this great community of people. My aim is to buy at least one BTL property per year for the next 10 years. I have just remortgaged to release the fun
  20. Hello property geeks, im looking for someone to give me some pros and cons about investing in Wimbledon as Im a bit bias to the argument..well I live here and I love it! Apart from the fact that its pretty expensive to buy (im willing to take the hit), but Im looking for a safe property investment and to me it seems like the perfect area. Schools, connections, jobs, shops...pubs. Everything! What do you think? Any views? How do you see this area in the future? cheers!
  21. There has been a buzz surrounding Peterborough for some time, following announcements of various development plans taking shape in and around the city. Peterborough, which was previously best known for having good transport links to bigger and brighter nearby cities, is undergoing a huge period of regeneration with a recent announcement made by Peterborough City Council declaring that UK and overseas investors are backing an impressive £130million regeneration plan. Read more at the BBC here; http://www.bbc.co.uk/news/uk-england-cambridgeshire-26229020 The redevelopment plan will see
  22. Hi folks, I have been working in the private rental sector for 7 years now and I have experience a wide range of aspects within the lettings and sales side of the industry. My current role is as the Lettings Manager for an independent agency in one of Lincolnshire's market towns looking to grow the business based on quality of service before quantity. I am passionate about all aspects of the letting industry, particularly getting to grips with the diverse legal aspects and encouraging client landlords to do it right. I also get a kick from helping clients, family, friends and acquain
  23. Hi Everyone, My names Emma, I have been working in the private rental sector for 5 years and I have experience in all aspects of the letting industry. My current role is as the General Manager for a leading letting agency operating out of franchises in both Peterborough and Cambridge. The focus of my role is overseeing the day to day operations of the business, business development, future planning and to help new and existing clients to build and improve their property portfolios. I am passionate about all aspects of the letting industry, but especially buy to let and helping clients
  24. Hi PH, Glad to see the community growing here. I've got the most basic newbie question and i'm a bit embarrassed about it.. So I've found my first property that I'm interested in that I think meets my criteria, but what do I actually do now. Does anyone have a link to a step by step process of the stages of going from now to purchase out lining when I have to part with cash etc? Thanks, Tom
  25. Hiya guys, Been looking forward to this for a while, happy to see that it is simple and easy to use. Already indulged in the blog content (funny enough I have read 3 of the 5 books already!!). Currently have a 1 bed BTL in Manchester and own my own property in London along with my brother. Ambition is to grow my portfolio along with other diversified investments (small cap stocks and start ups), to supply me with the financial freedom to do the work I love in the next 15 yrs!! Looking forward to meeting more experienced investors and learning from their mistakes as well as being in
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