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  1. Hi Everyone, I'm after some advice on whether I should increase the rent on one of my current properties: Background 3 Bed semi-detached bought back in 2011 on a 5 year fixed repayment mortgage Current rent £595 pcm I have one lady (and her two children) live there from the time we bought it, she has undoubtedly added value to the house, decorates, maintains the garden, always pays on time and (touch wood) is a great tenant. She has now lived there for 6 and half years and although we have improved our profits by getting better rate mortgages
  2. Hi guys, I'm looking for recommendations on what areas in and around Crewe would be good to invest in for a single/double buy to let? Done some initial research and aware of the planned regeneration of the town centre shopping mall/cinema, as well as HS2 in 2027- however would really appreciate input from any of you that have 1st hand knowledge/ insight of Crewe. Thanks in advance
  3. Hi Folks A quick question regarding transfer of a privately owned property into a LTD company. The property I want to transfer is without any mortgage so I guess that all that remains to be done is for a solicitor to register the property in the company's name at the land registry office. Has anyone done this before? Any idea how much I should budget for? And also when it comes to the stamp duty, will I have to pay for a valuation? and what stage of the process would I need to do this? I'm an 'accidental landlord', but now that the mortgage is
  4. Hey guys, I'm Tom and I live in Rugby in the west midlands. I'm new to the game and have just set out my goals. I'm looking to achieve a monthly income from profit of £2000 in the next 3 years. I'm pretty busy with work so I've set the strategy of BTL with buying low and adding value, with the intention of recycling my deposits. I haven't got a lot of capital at the moment, however I have my own home with some equity built up. My first SMART goal is to buy one property in the first 12 months, which requires me to save a certain amount and release some from my home
  5. Hello everyone, I'm currently just starting on my property investment journey and am looking for some advice please. The story so far . . . I currently own my own home (mortgaged) . . . . the LTV is currently 68% with 96k o/s on my existing mortgage. I currently have around 30k equity in my home. Mortgage payments are currently around £450pcm, rental for my area is currently around £650 / £700pcm (there is currently hardly anything to rent in my area, rightmove currently comes up with 1 property) My partner does not currently live with me but is loo
  6. Hi all, Looking for some advice on the question below as I have been on the unfortunate side of being charged 3% on my new residential property price although my converted LTB was priced and remortgaged significantly lower than the new residential. Is it possible for me to convert my current residential property into a BTL and then rent/move in with a friend for a period of 6 months and then buy a new residential mortgage without incurring the 3% ADS on the purchase price on my new residential home and instead, it would be calculated off my BTL at the time of conversion
  7. Hi all. I hope you're well. I am currently looking at a property in Liverpool (Kensington) as a vanilla buy to let. This would be my first investment in Liverpool and I wanted to run it over with an experienced Landlord before going ahead with it. Just wanted thoughts on the location, price etc. It would be great if someone can help me out and offer me some advice. Thanks Naj
  8. Hello Hubbers! We have finally got an offer accepted on a one bed flat facing the sea! We aim to short-term rent it on booking.com and Airbnb. After speaking to two mortgage brokers, there is only one lender who will offer a mortgage to us as a holiday let through a limited company. They are offering an average 3.3% for a two year fixed rate but has £2800 of fees attached to it (property is only £160k). Plus really horrible rates for solicitors which I might be charged twice for (dual representation??) My accountant doesn't really understand about property s
  9. Its amazing how much negativity there is at the moment amongst existing and long standing BTL investors (for negativity see propertytribes.com ) ..... I understand that tax changes have slimmed margins down. However the capital gains that most people have made and will make in the next few years if they have bought well and invested in their properties make it a lucrative market to be involved in. The property market has some way to go until it reaches the peak in this economic cycle.... London/South is dipping now for sure , however, huge infrastructure investment HS2/Cross Rail
  10. So. I’ve finally managed to figure out what the right strategy is for me once my deposit is saved. May father did tell me that he was willing to borrow me £20,000 towards my first project but as much as i have a great relationship with him I feel borrowing money from him for a first project is not a good idea. I can currently save 1,500 a month so it’s a better idea to just wait 17 months for a healthy pot to start. My strategy is for my first property to get a BTL mortgage and buy a house with the BRR model in mind as it’s slightly less risky than getting bridging for my firs
  11. Hello All, Just a quick question, I have seen properties in the north like Blackburn and Hull starting from 40k. I would not be investing for capital gains, but rather cash flow. What are your thoughts? Is this acheivable? Many thanks,
  12. Hi Hubbers, I'm Matt and taking first proper steps on the property 'journey'. I wanted to make a move back in 2013 but learning from the Rob's and Pete Matthew, I took a step back to build my finances and a safe base. That's now done and realigning my efforts. Based in Stourbridge West Midlands, I'm planning to create a BTL company, forcing appreciation through refurbs then refinancing. The goal is to create enough passive income to quit my job. Stretch target is 45, but at least by 50. I'm a professionally qualified Civil Engineer with construction, site management and design exp
  13. So, first post in the forum - be nice! Long story short, my wife and I own a rental property (3-bed house in SE18, London) that is tenanted for the next 11months. As we've slowly explored the challenges posed by the new tax regime on landlords, we believe our best move is to continue investing via a limited company...however it won't be cost effective to move our current property to one (switching ownership between us isn't optimal either). Question then is "can we sell a property with tenants in it"? Does anyone have experience of this? It clearly lessens the target ma
  14. Hi Everyone, I currently earn in the higher income bracket and own 1 flat in London which is my current residence. I have 195K to invest at the moment and estimate that I would have a further 200K in 2018 once I renovate my current flat and remortgage as a buy to let (at 75% LTV). My plan would be living overseas at the end of 2018 with sufficient income from BTL Investments make to be liveable but the intention would be to continue workings but doing something a little some enjoyable that the current work. The London flat would remain under my
  15. Hi, I'm looking at ways to grow my portfolio. I presently have 3 BTL properties, bought off plan through a property club (Instant Access), about 12 years ago. Of the 3 properties, my ex wife is on the mortgage and deeds of 2 of them. Because the equity failed to grow as IA assured me they would, One is still about £30k in negative equity, while the other is probably £30k positive. The ex just wants off the mortgages and deeds! The lender wont remove the ex unless the LTV is at 75% or better. Any advice on how to achieve this would be appreciated. At the moment I'm considering selling
  16. Hi! Just thought I'd post here to see if anyone had any advice for me. I have managed to save roughly £25k and I'm looking at buying a house to rent out as a source of passive income. My absolute ideal buy would be a multiple bedroom house (3-6 bedrooms), and I would like to let each room out individually. This may seem a bit ambitious, but there are houses available in certain locations for below £100k. The issue is that I am a first-time buyer...so this seems to be a problem for BTL mortgages. I am aware that there are quite a few lenders who are okay with first-time BTL landlords, but they
  17. Greetings all! I thought I’d just drop a few lines here as to my current situation, strategy and goals to see how it stacks up on this forum. Basically I will be getting into property full time from May 2019 and will be around this forum regularly for advice, encouragement and comradeship! OK, so I’ve had a nice little flat in South London since the early 90’s which has done very well value wise over the years. But now the lease is about to drop to under 90 years so I’ve decided to sell it on. Obviously there’s also the option of extending the lease, however I want to increase my c
  18. Hi all After a few refurbs / flips I'm finally buying my first btl. I just wondered if anyone had a checklist or a list of 'essentials' or 'better to haves' to check off that would be wise to have in place before getting a tenant in. For example; Landlord insurance Tenancy agreement / contract Maintenance agreement (with a plumber / electrician for emergencies etc) etc I've got a good idea of what I need but if someone comes up with that one thing I haven't thought of or just some relevant advice in general it could save me a l
  19. Hi! I wonder if anyone could suggest some mortgage companies or advisors who would work with buy to let mortgages when the landlord is living in another country? It’s in the EU (Hungary) for what it’s worth. I’ve got a property and a mortgage already but I want to remortgage. Thanks for any help!
  20. Hi everyone - can anyone advise on the tax implications of this scenario: I have equity in my main residence which I'd like to remortgage and lend the finance to an SPV ltd company to buy BTL flats. I'm a higher rate tax payer so buying in a ltd co. definitely makes more sense for me. I know if I bought the BTLs in my personal name then I could deduct part of the interest payments prior to tax. Is there any tax efficient way to claim interest relief if the mortgage is taken out personally but used to buy properties within a limited company? If I charge my company intere
  21. We applied for our first BTL mortgage through our Ltd Company last year and were not entirely surprised that it was insisted that the directors of the company were personal guarantors... But will this be the case forever? I have several questions: 1) Is this normal? 2) At what point will a lender lend to a Ltd Company without the requirement for guarantors? Do they start to take into account the portfolio? Capital in the bank? Previous BTLs? Thanks for taking the time to answer, Jordan
  22. Hi Guys, I am 19 and looking to get into property whilst maintaining my full time job. I am currently catching up on all the episodes by Rob and Rob (which are really really good). I am stuck between two areas a lot of people go on about Liverpool being a great place to invest at the moment. Birmingham is another one however I don’t hear Birmingham spoken of as much which I find a bit strange with its big devolpments planned and with the possibility of HS2. What are people’s thoughts? Possible other areas people would recommend. Ma
  23. Dear Hubbers, my partner and I are in dire need of help! our longterm goal is to have portfolio generating a cashflow of +5K of rental income from single lets, that will provide us with a pool fund to do the occassional BTS as and when we see an opportunity. we are both full time professionals and do not want to take out any money as we do not need it initially but would want to create a healthy portfolio that in time would give us to option to either develop the company furhter or continue working being happy with what we have on the side. We ha
  24. Hi all, I want to set up a HMO within the next 12 months between 5 and 8 rooms for the professionals close to a town. Good spec and furnished as I want to get the most out of my investment. I live in cannock and I would be willing to sent one up within 20 miles of this area, I'm thinking a big old end terraced property that is in a really bad state. I'm just finishing off my first flip and it should be on the market in 2 weeks time. Im in the building trade and have good people around me I just need to get all the info together now so I'm not hanging around so I can get started ASAP.
  25. Hello everyone, I am new to the forum, and new to the exciting world of ‘property’ but quite an avid listener of Rob n Rob podcasts, which really got me interested in this very interesting new field. I work full time, but am also a landlord and have a property on BTL. My immediate goal is to understand everything ‘property’ and in medium term go on to 2 more BTL’s by end of 2019. I am not 100% sure if this is achievable, but am looking for 10 properties by 2025. Would be quite interesting to know experiences of like minded and any pointers are m
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