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  1. Afternoon all, I am new to this site and wanted to introduce myself. I am a self employed "whole of market" mortgage broker. Specialise in residential and BTL mortgages. I have nearly 10 years experience in the finance sector and nearly 4 years experience in the Mortgage Industry.
  2. Hi I've done a couple of BTLs over the past 20 years, but I'm not looking at doing HMOs. I have been working in the mobile and venture capital industries, but am now looking to do property. I'm actively looking for run down houses within an hour of where I live in North West London, where I could add a loft conversion and/or an extension and convert to a 6 or 7 bedroom HMO. Looking to spend between £200,000 and £350,000 on a purchase. I have been looking at Maidenhead, Slough, West Drayton, Hayes; Bedford, Northampton, Hatfield, Hemel Hempstead, St Albans ar
  3. Hi, My name is Matt and i'm very new to property investment with all manner of questions and confusions... But very interested and excited about the future of property investment. I am a home owner with equity tied up in my residential home that i would like to use to start my investment portfolio. Would love to hear anyones advice on getting started in the property investment world. Matt
  4. Hello Everyone, I am currently looking to purchase a few BTL properties and aim to add more of them up over period of time (long term) As I am putting everything together in place I would like to find some professionals that can help me to get the best out of my money. I am currently looking for a good BTL broker that can recommend the best deals in regard to mortgages as a ltd company. I am based in London but can deal with someone based somewhere else in the UK if they are highly recommend. I also need a company that can advise on getting my properties to work as best
  5. Good Morning, Hope anyone reading this had a great Christmas. I have recently seen a large property with 10 bedrooms plus, with a C2 planning classification and is classed as a commercial property. I have the following questions if I was to purchase this property and convert to 3, 2 bed apartments which will rented once complete. 1. Is it an easy exercise to change a C2 class to a C3 class? 2. If the aim is to turn the property to 3, 2 bed flats, how should the property be purchased. ie a) under a resi mortgage thus only needing 10% deposit and
  6. Hello all, Hope you are all well :-) I was hoping to discuss some of the points below with you to gather your thoughts. I am a bit of a novice in property business so am trying to be a little careful with the pot of cash I have for my 1st project. I am in a full time professional job but after decades of working for others am planning to take some time off (as long as needed) to have a go in the property area. I have set up a limited company and have a mortage in princple (for BTL) but not sure whether to make a move now or wait for the rig
  7. Hello there, I almost feel stuck and not to sure what to do but I will try and be as clear as possible. We are currently waiting for council to buy our property in london as they are currently renovating the local area (hoping to get about £350-£370k). When i say we that is my parents and i. The property we currently live in is under both my parents name and at this present time they do not earn any money and i am covering all outgoings. They have approx 29000 left to pay on a mortgage. I am at the age of 24 and a mortgage shouldn't be a problem in regards to age but pos
  8. Barclays is now taking buy-to-let applications from first-time buyers and non-owner occupiers. The changes mean customers no longer need to own a residential property when buying or remortgaging a buy-to-let property with the lender. This is pretty good, had a lot of clients come to me requesting a BTL but do not own a residential, very difficult to place, especially for FTB. I doubt it will be a walk in the park with a high street lender such as Barclays but always good to see competition between lenders.
  9. Hi everyone, my name is Alistair and I am new to the world of property investment. Myself and 2 of my long term friends are planning to club some money together to buy our first couple of buy to let investment properties early 2018. We live in Dorset and are have decided to invest in the north, looking to buy and hold for the long term. All three of us have young kids and busy lives so we intend to be as hands off as possible with the goal of being able to retire from our current 9-5 jobs at the age of 55. The idea of going in together rather than individually is to increase our buying power a
  10. Hi guys, I am about to complete on my second Buy-To-Let property. However due to complications with my credit score I had to buy the property in cash with the plan to then later refinance, setting up a BTL mortgage, through my LTD Company which I opened a few months ago. As this is the first time I have bought a property in cash and will be the first BTL through my LTD Company (because the first was before the tax changes) I am looking for advice/re-asurance on how to complete the purchase correctly? At the moment the funds for the property purchase are split 50/50 betw
  11. Buy to Let Fixed Rate Mortgage (65% LTV) Current rate Term 2.95% Fixed rate to 31.01.28 Followed by Standard Variable Rate for the remainder of the mortgage, currently 4.74% Overall cost for comparison 3.7% APRC Fees/incentives Application fee: None Product fee: £1,999 (can be added to mortgage) Mortgage exit fee: £125 Funds transfer fee: £8 One standard valuation included for pr
  12. Hello all, I have a situation and some questions that hopefully I can get answered. Situation: I have sourced a property that has a tenant in situ and at the purchase price I can get it for it would achieve roughly a 10.5% yield. In order to purchase this property I would need around £10,000. It is being purchased slightly under market value and it does not need any renovation costs. The property is off market currently and is in the north west. I am fairly new to property investing so any advice on the below would be massively appreciated. Questions: What are the different way
  13. Dear Property Hub Members, I would be grateful if someone could recommend a Manchester sourcing agent, suitable for sourcing a small apartment block, or property with multiple individual units, budget c. £800,000. Thank you A.O.
  14. Good Morning All, Just wondering if anyone has a mortgage broker they would recommend (full market and works with LTD company)? Thank you in advance All the best Lloyd
  15. Hi All, We are looking to buy our first property using our Ltd Co. that we have set up. We have found a property in need of refurb and we are looking to buy using bridging finance (we do have the cash to buy out right but prefer to use bridging), refurb and refinance later. We have gone to our usual solicitor who has worked for us on a few land and property deals before that have always been straight forward mortgages buying in our own names. However for the first time as a limited company their quote seems to have increased quite a bit (£1,500 +VAT + disbursements fo
  16. For those with individual properties worth more than £500k held within a Ltd. Company you may wish to read this article in The Telegraph: http://www.telegraph.co.uk/tax/news/hidden-mansion-tax-could-cost-buy-to-let-investors-thousands/ Another great reason to be investing in the Northern Powerhouse and especially Gods County - Yorkshire! Where investment properties don't tend to exceed £500k ;o)
  17. Hi Everyone, I am a full time investor and landlord with a portfolio of HMO's in Luton & Bedford and single let's in Manchester. I even got a mention in the propertyhub magazine, thanks Rob and Rob! I am currently expanding my Manchester portfolio and am viewing dozens of properties within 20 mins walk the city centre and Salford Quays as well as some other key areas with good fundamentals. I work in a very systemised way, generating extensive data and building relationships with estate agents. I am always happy to chat with and help other
  18. Hello Property hub, My name is Stuart, and I just thought I’d introduce myself to the forum. A little bit about myself... I’m 36, married and have a four month old daughter. I am unashamedly a newbie, and am looking forward to building, and adding to, a new network as I take my first tentative steps into property investment. At the moment I am in the learning phase, burning through the podcasts and reading what I can, when I can. I’ve owned three residential properties that we have done quite well on, and am now looking at BTL property as a
  19. Hi Everyone, After years of being interested in properties and also months of listening to podcasts/reading the forum I now feel that I am in a position to buy my first investment property. Firstly, a little bit about me, I’m 34 and married with two young children which means I don’t have a massive amount of spare time on my hands. I’m currently living in Bolton and have done so for the last 10 years. I have good knowledge of the Bolton area and I’m currently researching surrounding area’s such as Wigan and Blackburn. I have approx. £30 000 to invest, my ini
  20. Hi James Kelly of York here. I am currently looking for bridging finance brokers - preferably in the north but not essential - tradesmen & letting agents in these areas, if you are one or know any please get in touch. I have been religiously following all things Property Hub related for the last 18 months whilst planning my first steps. Began whilst looking to buy my first house with my wife. We have now bought and refurbed our own home and are looking to invest in BTL in Leeds, Sheffield, York, Hull area whilst also doing other flip projects to recycle our initial
  21. Hi Im new to the forum, and have spent some time looking through the various pages, as some are old and considering recent tax changes I would appreciate some direction to the most up-to-date and comprehensive resources/pages/threads to address my particular query as well as any direct advice anyone has? About me: My partner and I currently live in Australia and have done for the last three years, where I have been working as a Physiotherapist in regional australia to take advantage of better pay, low cost of living etc. We will be moving back to england in 2019. We intend to begin
  22. Hi all, just wanted to share this article from the Irish Times with the European BTL League table. For those looking to possibly invest outside of the UK (25th 4% ROI) https://www.irishtimes.com/business/commercial-property/housing-crisis-no-wonder-ireland-has-eu-s-top-rental-yields-1.3242622
  23. Hi all, So I've already got one BTL property and I'm looking into purchasing another. Now I've seen a property and viewed it and it has plenty of scope to add value and obtain a BTL mortgage on - or so I thought? My first offer was rejected and a couple of days later made a counter offer and I am waiting to here back? I was told when I veiwed the property that it was a repossession and owned by a company. My first offer was based on getting a mortgage, however I do have access to the full amount if needed? I believe if my offer gets accepted, I won't be ab
  24. Hi everyone, My name is Dani and this is my first post. I had been thinking about getting into property investing for the past two years and I finally decided to take action earlier this year. I've been doing lots of research for the past 6 months, I had a good understanding of my local property market (more like an obsession) and after attending my first Property Hub meeting in July this year I set myself goals - 2 x flips and 3 x Buy to Lets by October 2018.. So far I have secured my first flip property and I get the keys next week. I have a team lined up to get th
  25. harvey

    Do I do it?

    Hi Everyone, Here is my situation. I want to start a BTL portfolio. I have spoken to a mortgage and tax advisor, so far so good. I have punched in the numbers and that's where things are confusing me. I own a property, I owe 46K, 9 years left. Current Property Value : 180k Length of mortgage left : 9 Years Remortgage available in principal : 135K Current payment : £471 Money available for BTL portfolio : 90K My strategy Buy 3 x BTL : 100k each. Deposit, SD tax, minor refurbishments, buyers fees : 30K each (25
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