Jump to content

Search the Community

Showing results for tags 'btl'.

  • Search By Tags

    Type tags separated by commas.
  • Search By Author

Content Type


  • Property Hub
    • Housekeeping
    • Property in the news
    • Introduce yourself
    • General property discussion
    • I need advice!
    • Progress journals
    • Property Podcast discussion
    • Property Hub University
    • Chit-Chat
  • The Property Hub Summit


There are no results to display.

Find results in...

Find results that contain...

Date Created

  • Start


Last Updated

  • Start


Filter by number of...


  • Start



Website URL



Areas I invest in

About me

Property investment interests

My skills

My goals

Interests outside property

  1. Hi all I'm just about to complete my first new development (in June) - five flats converted from a single house. What a learning curve this has been! I’m going to write-up the ‘story' as a new post soon. A tale of planning nightmares, mortgage hell and runaway builders but now I’m almost there. As they say, when you’re going through hell, don’t stop. Anyway, my current priority… I’m living on the development site and now need to move out. I have found a good size house that would allow me to live-in part of it PLUS separate out the top floor as a BTL. I can
  2. Hello I have decided to start a new chapter in my life and leave the day job behind by focusing on BTL investments in the North servicing the student market. I am looking for 10% gross return and ideally 20% on capital. I have spent the past month researching and have just started looking at target properties in the past week and have put my first two offer in. I am aiming to buy 6 properties in the next 18 months and I am looking to connect with fellow investors to share experience good and bad as I develop my portfolio. I will eventually set up a company but right now I
  3. Hi All, Looking for a property sourcer in the North West i.e. Greater Manchester area but not limited exclusively to this area. I am an existing BTL landlord with 5 properties, two of which are HMO. Just started my first buy to flip project. I'm not resident in the UK for long periods so need a reliable company/individual for 'hands off' investing. More interested in the 'buy to flip' than retaining properties at this stage. Please note: I'm not interested in signing up for courses! Cheers Paul
  4. Hi, this is my first time posting on here, and would love to get some opinions! I've got a couple of BTLs, own my own home, and am expecting by the summer to have a reasonable pot of cash (£300-400K) to accelerate my property journey. The thing is, I have separate non-property business so I don't have a great deal of time (evenings & weekends). I'm trying to work out the best strategy both for cashflow now & compounding/reinvestment longer term, but don't want to directly project manage refurbs, or HMOs. I'm also comfortable that I'd be able to assemble a good team (my oth
  5. Hello, I did try putting in a question to Rob and Rob but kept getting cut off on the phone. I thought to put the question on here in hope of some advice. Myself and my Partner have about 80k to invest in property, we do not yet own our own home and of course this is the priority. However, we are both really keen on investing in btl property as well, having done so in the past I am especially keen. My question is this: To buy a higher value home in the South East (where we work and live currently) and so spending all of our money. Or buying a
  6. Hi everyone, Can anyone help me by listing BTL Leanders who accept non owner occupiers like myself? The only 2 I know of are BMsoulutuons and Godiva. Thanks in advance! Max
  7. I purchased a BTL in Manchester just before Christmas that already had a tenant in it. In the excitement of my sister arriving for Christmas I was not timely enough in contacting the letting agent to advise that the sale had gone through (it was their branch that sold it however). The lettings agent has paid January’s rent to the previous landlord and they are not responding to the lettings agent request for the monies to be returned. I’ve contacted the vendors solicitor that dealt with the sale and they have written to them. What should be my next step if t
  8. Hi Everyone, My name is Bryony and to my great relief found The property Hub and podcast around a month a go. I've been busy currently working on renovating a 2 bed mid terraced 1930's house in Nuneaton. I worked in the power tool industry for 13 years and left early 2017 to follow property full time. I currently have two BTL properties in my portfolio (9 and 7 years respectively) and recently sold a third to fund my first flip.... although perhaps I should convert this to a BTL and release the equity!? It has been a steep learning curve over the
  9. Guest

    Mortgage now or later?

    Hello all and thanks for having me! Have spent the last two weeks looking around this site and what a wonderful resource! The first bit of advice I'd welcome; we are buying out a half share in a BTL from my Dad for cash at market price. Probably in a ltd name as higher rate tax payers and want the ability to add properties later. We can buy the other half whenever we like and could pay cash for that, but rather than tie up capital it seems a btl mortgage for the other half is sensible. My question is - would there be any issues with buying half and THEN
  10. Hey guys, Me and my partner bought a house 2 years ago on a 5 year fixed rate mortgage with Santander with a 70% LTV. We want to work in another country for a year or potentially more, so we'd like to turn the property to BTL. The problem is there is an early repayment charge of around £13,000. Is there a way that we can switch to BTL without needing to pay the early repayment charge or are we stuck with just asking Santander for consent to let until we move back? Sorry if it's a silly question. Cheers, Ben
  11. Hi guys, So I've done enough reading about property investing, BTL and HMO's. It's now time to start investing but want to get your views first. I have around 120k to invest and I'm looking to get in a position where I'm earning a good residual income (above 2k a month after expenses). I don't have much time to manage any properties that I purchase, so need a plan which wouldn't take up most of my time. Is 2k possible a month (after bills). So questions. What property would you look for in my position? BTL or HMO's? I've been told that I could only
  12. Hi all, I am 40 years old and have lived in Liverpool for the majority of my life and know the city and surrounding areas reasonably well, and hold one property in my own name and one in a Ltd company, typical BTL's. I offer a service where I can view selected properties in Liverpool and/or the North West area for any investors both abroad and UK wide providing plenty of photos and information of the property which you wouldn't necessarily find in the standard brochure and local knowledge about the surrounding areas from someone who knows the area, for investors who for
  13. 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
  14. Hi everyone Huge fan of the forum and the podcasts - been a forum stalker for a while now but only now getting round to writing my first post. Would massively appreciate some advice/guidance on my current situation. Myself and a good friend jointly own a 4 bed flat in a good area of Edinburgh (Stockbridge) that we bought it in 2013 to live in. We have since both moved away from Edinburgh and it is currently on a repayment BTL mortgage and, as such, is not making us any money each month. Mortgage = £1834 and we are getting £2050 per month in rent (we pro
  15. On a separate thread, a question was posted about what to ask a new accountant and one of the replies was suggesting questions to find a broker. This is my response: As both broker and landlord I would suggest the following questions: What is your FCA registration number - obtain it and then check it against the FCA register as a lot of brokers who do commercial mortgages, bridging finance etc are not registered which can be very dangerous Are you an appointed representative or directly authorised. Again this is to do with the FCA and directly authorised brokers tend
  16. Looking for anyone that has creatively sourced properties in Liverpool. Seller Finance, BMV, BTL, Lease Options Etc. Contact me at chim@internationalpropertybrokers.com Thanks Chim Diwan
  17. Afternoon All, What is the minimum monthly cash flow fellow investors will go to on a BTL. I am currently assessing the following deal. A 2 bed ground floor flat on the outskirts of Manchester. Purchase price £99,000.00 Stamp duty £2,970.00 Refurb £2,000.00 Fees £1,500.00 Furnishing £0.00 Running costs Ground rent and service charge (per month) £93.50 Insurance (per month) £15.00 Mortgage payment £309.38 Total monthly rent £625.00 Cash invested
  18. Guest

    Fresh in the game

    Hello Everybody I am new to the game , i will be focusing on family lets , in west midlands , i am hoping to find my first property investment this year , open to all advice and suggestion , Brighton
  19. Hi I was wondering if anyone could help me with a mortgage. I have a limited company where the primary SIC code is dealing in finance and insurance (66220). I would like to purchase a property through the use of a BTL mortgage through my company but I am struggling to find a provider where I meet their lending criteria. They deem that my limited company is not suitable to lend to due to my SIC original activities. In a way to get round this I added the SIC code 68209 to my firm but they don’t seem to be buying this and are asking that I set up a separate SPV firm. I do not really want to
  20. Hi all, Looking at two developments up north where the developers are asking for 25% and 35% deposit respectively. Is this standard for a development? Lawyers have said developers shouldn't require more than 10%... Pretty much everything I'm seeing on the market is 25%+ however. Sincerely, Confused member
  21. I’m transferring a personal BTL to a LTD company, there is no mortgage so the full value of the property, £240k based on a Zoopla desktop valuation, will be added to the company accounts as a directors loan which means I can draw down tax free in future years. i strongly feel my property is over valued by £20-40k and am wondering if it’s worth getting proper evaluations based on the actual state of the property. i question this because although I could save as much as £2k in SDLT by reducing the property value I also wipe around £40k off of potential long term tax-
  22. Hello Everyone... Probably like a number of people out there in the BTL market feeling a little beaten up by the odds that keep getting stacked against us and wondering whats next and is BTL still a credible way to forge a pension. That sounds negative I know, so I've been listening to lots of the pod casts and giving my head a wobble.... I need to create a clear strategy to achieve the goal.
  23. Hi Everbody, My name is Adam and I'm based in Herts. Keen to get into property after a lifelong yearning has finally got the better of me. Hoping to sell my house, release some equity and then get into buy to let and rennovation. I'm 35 years old and currently work in Pharma. Many things to consider like, "where I am going to live while I do this????" Minor details, I'll worry about those later! I work in project management so like to stay organised and I have a friend who recently inherited some money so I may look at some projects with her. Currently at th
  24. Hi All, Just wondered if anyone could give me a little advice/point me in the right direction - thanks in advance! I'm 18 and looking to invest in my first BTL single let property. My father has agreed to allow me to raise finance on our family home, which means I can be a cash buyer. After a refurbishment, 6 months later I'd hope to refinance at a higher value with 75% LTV in order to repay the mortgage/bridging loan on our family home. Any surplus, I suspect around 10-15K, would be paid off with my own funds so I was the sole owner. Couple of compli
  25. My own home has been on the market for a while. If it sells before March then I shall have around £40k available to spend when it’s sold so looking for houses around £120k, which opens up around Manchester for me. If if it doesn’t sell, I can remortgage in March and have around £17-18k available to spend, which would mean looking for a house that needs a bit of work but in an area with good growth potential for about £45k, so I have money left for fees, refurb, etc. In terms of yield, I need enough to ensure that on a 75% mortgage I can stress test to 8% interest and not be out of
  • Create New...