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  1. Hi all, Firstly my apologies for not posting anywhere near as much as I should! It is renewal time for my BTL, and I am torn between fixing in between 2 and 5 years. The two options provided by my mortgage broker makes the 2 year (2.19%) cheaper by £376 over the first 2 years, however I am swinging toward the 5 year (2.44%) for the peace of mind over the next 5 years whilst we deal with an potential fall or from the B word, whatever that may be... Appreciate everyone’s circumstances are different, but would love to hear what sort of length terms people have been, are, and are pl
  2. Hi All, New to Property Hub and Prop Investing in general, just posted an intro within the relevant forum if you'd like to say hi! There's a burning question which has been on my mind since I dipped my toe into property investment (and probably should have sought an answer to before taking the plunge).... The 'Breakeven Point' - How long should it take? Recently i've purchased my first BTL (£68k 2 bed). So as not to bore you, I won't give exact financial specifics, but to summarise: £2k Stamp £5.5k fees (includes sourcing fee) £5k refurb Total initial outlay theref
  3. Hi all, New to the community and first post on this site. I am a UK dual citizen living and working in Australia. I was hoping to get some advice regarding my ability to secure a BTL mortgage with only Australian income? Thanks in advance!
  4. Hi guys, This is my first post in the forum! A bit about me and my situation to begin. I'm 24 and live in Chelmsford, Essex. I bought my own flat BMV in May 2018 and have just completed a full refurb on it to add value. I am hoping to finance to the new value and pull out equity to invest in April 2020 when my mortgage product runs out. I have also saved £17k cash that I am looking to put towards a BTL investment now. I am investing mainly for cash flow for the time being. I'm a fitness instructor and teach around 20 exercise classes a week as well as seeing sports massage clients,
  5. Hi folks, I am new to the Forum although have had a keen obsession in all things property related for many years now! I've finally decided to do something about it & am in the early stages of research - listening to the podcasts & reading up on all things relevant. I live in Edinburgh & my initial plan was to refurbish properties & sell on - flipping - the new term I have recently learnt! I had planned to start off in Edinburgh as I know it extremely well, buying at around £150,000, refurbish & then sell on & repeat. I had planned to try &
  6. Hey Guys, I am new to Property hub as I have just started looking in the UK market due to the Australian market being incredibly unpredictable, difficult to gain a positive cash flow and potentially heading towards a correction. I would be looking at some small buy to lets to start in the Northern belt of the uk, Manchester, Leeds and Liverpool area. Great to meet you all. Thanks, Luke
  7. Hi all Apologies if this has been covered previously, I have searched for it but could find anything specific. I have two questions, as follows: 1) I am resident in Guernsey - still part of the UK - does anyone know if this would be a problem for me in trying to obtain financing for a Ltd Co from a UK provider? 2) Do I need to be a homeowner in order to obtain a BTL mortgage through a Ltd Co? My partner and I are saving for a deposit on a BTL and would like to purchase this before we think about buying our own place (we have our reasons, m
  8. Hi everyone, I am looking at the smartest way to start my property portfolio. I have set up a ltd company to manage the property and the income as I am a higher tax payer and at 28 this is a project for the long term and not short term gain. I will Ibe loaning the company £30,000 and was wondering what the best way to minimise the tax I have to pay on this. I have read that directors loans can be paid back without tax being paid on the rental income. I have read that I need to set up a second company to loan the money. I was hoping to just get some clarity on the best way to
  9. Hi all, This is my first post and I hope someone can help! My gf and I is looking to buy our first BTL property under a limited company and I understand that we will need to do personal guarantees against the mortgage (which is fine). We both have our own residential mortgages , however, she has a help to buy equity loan on hers. I understand that with HTB you can’t own another property until you have paid off your existing equity loan (or sell the property) . Is this also the case if the property is purchased under an ltd company as it is a separate entity? Many thank
  10. Hi everyone, just looking for some advice on a strategy I'm looking to go ahead with this year. Also would like to know people's opinions on wether to go down the personal route or buy through a ltd company in my situation. So me and my dad have £50k saved to invest, we are both lower rate tax payers, my dad owns his own property that he lives in, I don't own my own property. We are both self employed. Our plan is to buy a run down property, flip it and make a profit. We plan on doing this 2 or 3 times depending on how much profit we make. We will then purchase a
  11. Hello Hubbers! Hope you are all well... I was wondering if any readers would share their experiences of Deed of Guarantee signings required for their Limited Co BTL mortgages. I can’t find much reference to it in books or on this forum or the wider web, and professionals I’m dealing with such as Solicitors and Brokers are giving me contradictory opinions on it. Some are saying it’s unheard of and I should be able to negotiate out of them with the lenders, others act like everyone has to do it, so I’m fairly confused. I have a Limited company with my sister who is a small shareh
  12. Hi everyone, I've found myself in a bit of a predicament with an impending divorce and trying to figure the best way to navigate out of this situation. Any advice on the following details would be much appreciated. I have a property jointly owned with my ex. We have amicably decided she should get her share of equity that we've made plus any contribution to previous renos costs. This comes to approx. 60k. My issue is how best to raise the £60k. The easiest option would be to sell up and start again. However I've put a huge amount of work into renos and improvements over the last
  13. Happy Easter All, I was curious what ROI percentage and net yield do you look from from a buy-to-let? Thank you in advance. Joe
  14. Hello, My name is Paul Deehan, I'm 36 and grew up in Sheffield, UK. For the last 12 years, I worked on Private Super Yachts as a Private Chef. I've had the fortune to travel around the world and cook for lots of celebrities, business tycoons and world leaders. In 2010, I read the famous, Rich Dad, Poor Dad book and since then I've been slowly building my property portfolio. Since around this time last year, I was recommended the property podcast by a friend and have to thank both Robs and the team for 1, being awesome and 2, giving great honest value a
  15. I am a newbie to property investment, I don't currently own my own home (Living with parents) and want to invest in property. I currently have 40K in my savings. As far as i'm aware, I'm unlikely to be able to get a BTL mortgage as you I will need to get a residential mortgage first? I want to know whether I should get a residential mortgage on my first property then wait out 2 years before I remortgage to a BTL mortgage? Is there another way around this? My aim is to build up cash flow and my portfolio over a few years through remortgaging and releasing equity to purchase additional
  16. Evening all, I have recently had an offer accepted on a Flat, with an unusual condition attached. This is the situation: Vendor owns all four flats in the building (and the Freehold). He has put all four flats on the market at the same time. The condition of sale for the flat I am trying to buy (FFF) is that he will only sell it if he can sell (at least) two of his flats, because he needs to raise a certain amount of capital to inject into his (unrelated) business. I do not know how much money he needs to raise, but i understand he has a threshold of two flats because of the CGT he w
  17. Good Morning All, I recently went to one of the property hub meet up groups, which was great, where I found out about "gifting" property. My situation is my parents have a BTL property of which they own outright (no mortgage), but are looking to sell it to support their retirement. I have said I would like to buy it from them, but have then found about gifting, where they could gift the property to me and I would remortgage the property and the gift them the money back. They bought the house for £175k and its now worth double this at £350k. I am wondering what fees I will have t
  18. I’m looking to buy a BTL property in Leeds but I don’t know the city very well, does anyone have any recommendations of good areas and areas to avoid? I’m looking for a nice 2/3 bed house that can attract young professionals. Thanks in advance for any advice.
  19. Hi all – first post in and hoping I can use this platform to tap into some great minds. I have been listening to Rob(s) podcast for a while now and have been doing a lot to try and educate myself on the ins and outs of property investing for beginners. I feel like I have a learnt so much over the past year, but I have the biggest frustration of not being in a financial position ready to start my venture. I have recently purchased a house (joint mortgage with my partner) so have limited equity available to release from that. I earn a decent enough salary that I am able to put away aro
  20. Greetings PropertyHubbers! I'm Diana, based in SE London, and have been brought to the forum by Rob D's inspiring books in property investment (thanks Rob D, I've turned into a fan!). I have a very mixed professional background, having worked in private, charity, academic and public sectors - and that's because I'm essentially a big fan of learning and of trying new things. At heart, I'm very entrepreneurial, and I've never been a fan of full-time work, so I'm dreaming of the day I will become financially independent. My dad has always inspired me with his entrepreneurial and property investor
  21. Hi guys I have just leaped into my first investment with a standard BTL property in Salford, Manchester. Was wondering if anyone on here has any knowledge of the area and any thoughts on the deal. I managed to get the deal slightly below market value. I have attached the right move link below. Any feedback is welcome. http://www.rightmove.co.uk/s6p/61096188 Cheers Mason
  22. Hello to all, I'm Iain Large, Along with my business partner in Dubai, we have two 3 bed's and one 9 bed HMO in Chelmsford (our preferred area of interest) through Connection Investments Limited formed in 2013 when we decided to start investing together again after a lucky previous exit in 2008! Having let the business tick away for the last 5 years it's now full speed ahead! With space to build a couple of two beds in Chelmsford on different sites we formed Connection Construction Limited with a builder we've known for many years. Under our Co
  23. Hi Ive been told by a financial adviser that you can avoid paying stamp duty on property that you transfer into a limited company by claiming it to be a going concern. Has anyone had any experience with this as so far all i read is that you must pay stamp duty.
  24. Hi all, New to the forum and trawling through all the great content. Myself and my wife are looking for buy to let properties (mainly in the areas recommended by Rob and Rob on the podcast). Leeds stands out a bit for me, I've spent a couple of nights in Leeds and like the city centre a lot so am quite keen on the area for a buy to let. We're mainly looking for new or nearly new apartments that will require (hopefully) minimal effort in terms of management. I've noticed the LS9 postcode is relatively cheap and it seems there is a lot of regeneration going on neary by with the South b
  25. Hi Guys, Shutzy here, a guy just getting back into the property investment world again. Looking forward to the fun and the challenges and the motivation and support from all of those on this forum and finally the rewards of deciding if I want to work today or not. cheers Shutzy
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