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  1. Quite a divisive question but welcome all your opinions: anyone here with experience of/ successful methods on managing HMOs remotely from another town or city? Keen for feedback. Cheers
  2. This is my first post, so hello! Right, i'm 29 years old and have just come into £400,000. That truly is a life changing amount of money and I want to invest wisely while making some sort of income from it. Obviously, property is the first thing that comes to mind. I've been doing some research but there are so many options to choose from. What would some seasoned property people do in my situation? Buy to let? Buy, renovate and sell on? What in you guy's opinion are the best sources of information? I can quite easily google and find plenty of sites but where do you thi
  3. I am viewing a 2 bed terrace house that was sold to the developer and the occupants have moved to one of their new homes. The house is up for sale at £125k and has been on the market since March 2017 - prior to the owners moving out - it became the developers house in June 2017. The developer purchased the house as per land registry for £120,000. The house sold in the boom of 2007 for £115,000 Based on the fact I have finance in place and mortgage - how low is too low???? My view is anything below £115,000 is okay but I want a good deal an
  4. Hello all, I'm interested to know what particular challenges established, new and prospective property investors are facing and any solutions you may think would help. Thanks, Jo
  5. Hello all, I'm after advice from experienced investors out there. My partner and I are intending to purchase our first BTL on a 75% LTV mortgage soon but are still unsure as to do it in our names or as a company. I am in full employment earning 50k. She is self-employed and in the last tax year earned around 45k. We plan to start growing a portfolio over the next few years, hopefully with 3 or 4 before the inevitable crash in the market. We would probably reinvest the majority of the income but draw on it occasionally, when for example my partner is between jobs or we h
  6. Hi all, First post, so go easy on me. I'm UK expat living in Munich with my German wife and seriously interested in starting the property investment journey back in the UK. I'm in the early stages educating myself through the excellent TPH & TPP resources, making connections, getting advice and already meeting early challenges. One such challenge is Expat BTL mortgages. I've had some helpful conversations so far with brokers and mortgage companies direct, but the initial issue seems that most will only offer Expat BTL on a min loan of between £100-150
  7. Hello, everyone I am looking at a new HMO property (including 6 studio flats), the owner is selling the flats as separate properties. The rental yield is about 6-7%, which is quite good. But I am a bit sceptical about how does it work when a normal terrance house have 6 different owners, assume most of the owners will be letting their HMO out, so there will be 6 landlords for one terrance house turned HMO. All sound very chaotic to me. Can someone show me some light on this situation? Should I be worried? Thanks a lot! Tina
  8. Good morning, I exchanged on a off plan flat in January 2017. It is currently being built and is due for completion in summer 2018. With the BMV deal say 10-15% and a year and half's price growth. The flat at completion should be 30k ish more than when bought. (exchanged, deposit only) Upon completion and full approval of mortgage can I now finance at the higher price and take back some money before I even start renting it out? Would really appreciate any advice, As i would Ideally like to not have to wait every two years to refinance. Thanks
  9. Hi, I'm Sid and this is my very first post on Property Hub! I have been reading a lot of post on here and learning a great deal as I start my side career in property investment. I've been listening to the Property Podcast and would like to say what an excellent job Rob Dix and Rob Bence are doing. I got a hell of a lot of episode to catch up! But it's all good. I have two questions and I hope the Property Hub community can help me answer: If your chosen strategy is to replace your wage as quickly as you can then how do you achieve this through a limited c
  10. Hello, Everyone. I am new to property investing, I thought about this idea for years, never get started. I have £150k cash sitting in the bank that brings close to zero interests. It is quite a lot of money, I wanted to use this to invest in and around London, but the money just doesn't seem to be enough. I thought about going further up north, where it is cheaper to buy, but then I will be going to north often. I don't know if that is practical.
  11. Hello, Tristan here from Brighton. I am a farmer from south east England , over the last 2 years I have become involved in commercial development and lettings having played a large part in the conversion and development of an old dairy farm. I now manage the current 32 workshop units which are let to individuals and small businesses. We hope to expand the site further in the future as we are experiencing very high demand for out of town affordable office and light industrial workshops. The learning experience of this process has been vast and I would be more than happ
  12. Hi all, As a newbie to this, I'm busy crunching the numbers. Most of the examples I come across seem too straight forward. I've pieced together costs from several examples below, but what other costs should I be factoring in (example. 2-bed flat)? So far I have: Solicitor fees (conveyancing) Mortgage fees (application \ product \ valuation) Stamp duty Service charge Ground rent Letting fees Insurance Repairs contingency Furniture (if applicable) Refurb (if applicable) Cheers Tom
  13. Hello, I'm considering selling or renting out my current residential property as buying a new family home and making the decision based on financial return over the long-term. I'm a higher rate tax payer with no need for income from rental (until retirement in say 25 years) and as such lean towards capital growth investment strategies over income. Current residential property is 4 bed detached in London (zone 6) with great transport links, schools etc. Yield / ROI not great (c.3.5%) given less demand for larger size / rental value (c.£2,000 pcm) but would attract qualit
  14. Hi all, Looking for a range of opinions on my current dilemma. I have 2 x BTL properties. Property 1 - 2 bed mid terraced modern house in Devon, Rents for £675, Value £175k, ROI of just over 5% once all costs are taken into account including things like building a fund for replacement boiler etc. It's bringing in around £2k per year gross profit before tax. Property 2 - 2 bed flat in Stevenage, Value £210-230k ish, rents for £800, Just bought this after a horribly delayed purchase process. Washing its face but not stellar, hoping rents rise a little
  15. Hi there, i am wondering if I am on a wild goose chase here. Is this even possible, is there anyone that will look into my specific circumstances and lend to me, or will it always be a case of computer says no? I own my Own flat outright worth 80K and i should be on Track to earn 80K this year. I was employed last year and earnt 30K, I have about 30/40Kcash, yet can't seem to borrow a Penny. Cheers Laurence
  16. A lender who really understands the professional investor market has issued a report today on the BTL sector. it's not all doom and gloom and BTL is still a very positive market for professional investors looking at the long-term. Shawbrook also contributed to the Tenant Tax fighting fund and as a broker who does a lot of work with them, I find their attitude a breath of fresh air compared to some other lenders. Shawbrook BTL Report.pdf
  17. Hi, Has anyone setup a limited company recently for the purpose of purchasing new BTL properties? For me the accountants I have spoken to have advise setting up an ltd to be more tax efficient but they have also advised checking with lenders on what their criteria would be in terms of how the company is structured etc. I've done some investigating with lenders too and so far have found out the following critieria would be needed: 1. No more than 4 directors. 2. Use one (or all) of SIC codes 68100, 68209, 68320, 68201 3. Personal garauntees to be
  18. Hi all, Hoping for some landlord advice as my parents are in a bit of a tricky situation. They’ve been renting out a 3-bed house (30mins from York, 50mins from Leeds) for £1,200 PCM to a family for just over 2 years. To date, they’ve been perfect tenants and we have a good relationship with them. However, they’ve not been able to pay rent this month because of the self-employed father losing a contract. He’s looking for other jobs at the moment but no guarantee he’ll have a reliable income in the near future. My parents have a couple of ideas for what to do
  19. Hello all, I am Simon and I currently have 4 properties - all of which were purchased for non-investment reasons 2 for my parents to live in (they decided to move after the first one so now it is tenanted!), one for my sister to live in, and my own property. I live in London in my property and the rest are in my home town of Peterborough and were bought between 2007 and 2012 there is a little bit of equity tied up across these properties. Having worked in London (business analyst in banking) for 8 years and investing in a couple of different businesses, I now want to m
  20. Hi If you are interested in investing into buy to let in Stoke On Trent and Newcastle Under Lyme, feel free to chat to me at bill@rocketthomerentals.com. I also run https://www.facebook.com/groups/stokeandnewcastlelandlordgroup/ and https://www.linkedin.com/groups/8586135. These are landlord groups for the local areas with lots of information regarding what is happening and where to invest. We also regularly blog on https://rocketthomerentals.com/blog. All the best Bill Rockett
  21. Hi. BTL mortgage lenders apparently expect the applicant to have a minimum salary of £25K before they will consider a mortgage application. I read on another thread that BTL mortgage lenders generally don't take account of rental income when determining an applicant's income. My plan would be to acquire one BTL property, then reduce the hours I work in my day job, in the expectation that the rental income would more than compensate for the drop in pay. However, if my salary were to drop below £25K then would I find it difficult to successfully apply for a BTL mortgage o
  22. Hello, I'm looking to buy a property in the UK but as I'm living abroad the minimum I can get is 100k which is too much as the houses I'm looking at are in the 60-90 price bracket. So....would it be possible for my mother to take out a BTL mortgage (my mother lives in the UK full time), then transfer it to me after say 6 months? How would this work?
  23. Afternoon all, As the title suggests i'm a new member to the forum and have been really enjoying the various courses and podcasts that are available. I've been toying with the idea of investing in BTL for a while now and i think i'm almost there in terms access to funds, a strategy and goals. I have a strong idea of where i want to be in say 10 to 15 years time and also expectations in the short to medium term. I deal with commercial real estate as a 'day job', but of course wouldn't it be nice to grow a scalable business and retire early... I have subscr
  24. Good Morning All Property Investors, Up until now my strategy has been to buy properties to let, growing my portfolio organically by reinvesting any capital growth and excess rent. I started in property in 2015 and I now have 3 properties in Buckinghamshire, not an aggressive strategy but one that at this time works for me. With low interest, this going well and I would hope to add to my portfolio again this year. This is where my dilemma comes in – I am asking myself whether I should diversify my portfolio with a new strategy. I see the following
  25. Hi all! I am wondering if any of the new EPC laws that kick in next year will affect your property strategy. I have a few properties that are currently at the F mark, mainly due to the fact that the properties are those solid brick terraced house. I'm still deciding what are the best options for me. I was thinking whether it is better to sell few of the properties to fund any work to make the inefficient buildings more energy efficient or just use the cash flow from the portfolio to slowly improve each property one by one. Has anyone encountered this problem? If so, have you come a
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