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  1. Hi I am new here. I am a very small time landlord, we have just one BTL property in London. My daughter is a student in Manchester and as she seems likely to stay on for an MA I am thinking about making use of some money my mother has given me as the deposit for a property for her (daughter) to live in plus one or two friends paying rent. So I put this to my current lender today and they said they didn’t offer mortgages on such a basis as it’s a “family let” and therefore considered higher risk. My questions are: 1. Is this going to be the answer I get from every lender I con
  2. Hi Everyone, I am brand new to the world of property investment but have been involved in construction all my adult life. I run a Refurbishment/Renovation business in the South East. My goal now is to start a portfolio that will allow me to have more free time. I am keen to learn and eager to succeed but would greatly appreciate any help or advice on offer for someone new to the game. My strategy would be to buy BTL's that require some renovation so I can add value and keep the cash flowing. I am self employed and so is my Fiance although we have equity in our current pro
  3. Hi, I have only this week discovered this forum but have been researching property investment online for a few years now, I have also read Rob's book. I currently own/live in a 2 bed terrace in Leeds(Bramley area) which I have around 30-35% equity in, the 2 year fixed mortgage has 19 months left to run. My current plan is that once the 19 month term is up that myself and the soon to be wife will buy a property together using our current/ongoing savings(I realise we will have to pay extra stamp duty when buying a property together). I will then remortgage my
  4. Hello PropertyHub Community, I've spotted a property in my local area which has been on the market since August '18, listed for £55k, and is currently of vacant possession (I believe the former owner has recently deceased). The property requires a cosmetic refurb, with complete modernisation (including kitchen, flooring, repainting etc.) though nothing 'too' heavy. Sold comparables in the area are more like £75-£80k, so it looks as though there's money in the deal, and it looks to be a great opportunity (has the right fundamentals, location, schools etc. etc.). However.......
  5. Hi All! I am super keen to build out my small BTL portfolio in Leeds. I found a stunning new build of townhouses but the developers say they won't sell to BTL landlords - is there any way around this? If not, does anyone have some advice of new builds/areas in Leeds city centre where I should be looking? Ideally 2/3 bed, unqiue feature(s)? Thanks in advance Nick
  6. Hi hubbers, I was hoping for a little bit of advice. My wife and I are currently looking to buy our 2nd BTL and we are not sure whether to buy in a Ltd company or not. We are both basic rate tax payers and can afford to buy in our personal names and not be pushed into the higher tax bracket providing we equalise our salaries (although we will be close to the 40 percent tax bracket). We are both 27 and I would like to think that in the next 3-5 years we would have had pay rises making us higher rate tax payers (myself more so as my wife is now working part-time). So my question i
  7. Hi Hubbers, i have found a great property with a great price in a good area, and I ask myself why! This property is on the market for £205K and has 1 x 2BD apt and 3 x 1BD apts. Two of the apts have their own separate entrances from the main entrance. Each apt will fetch approx £500 pcm. I have no idea how much money is needed to upgrade the property but it's mostly cosmetic so I'm guessing approximately £25K. I have spoke to a local property HMO mortgage expert who says due to no. 1 N. Ireland having less options anyway and no. 2 the property
  8. Hi there History I have got hold my hands up and say I have introduced myself before on here and then been caught up in a Tornado of life/renovation and moving house and haven't been back on the forum, so apologies first of all for not replying last time to anyone who messaged. I really would like to get involved on the forum as I know how much help and information is on here. I am on my third own home renovation and also just completed my third flip/buy to sell property. Last time I was on here I was living in a different area (Oldham) but have now moved closer to family where
  9. Hi Hubbers, This is my first post on the PropertyHub, so please be gentle! I need some help/advise on loan from company to company whereby the shareholder of both companies are the same. The Dilemma I am currently the only shareholder of a limited company for quantity surveying whereby I provide commercial services on a freelance basis. I have been doing this for couple of years now and have managed to save a substantial amount in my business account. As the money is just sitting in my business account, I want to utilise it, and am now looking to set up a Buy to Let l
  10. Hi all! I'm a landlord and have a great property manager, Fiona, up in Glasgow, but I've heard many complaints in the past about other property managers. It would be great to get some feedback from UK landlords on this group to see if there's anything that can be done to improve the experience. Thanks! Survey here: https://www.surveymonkey.co.uk/r/property_mgt
  11. Hello All, I am looking to make my first property investment this year and my decided location is Nottingham. I am ideally looking to buy a house (personal preference i have nothing against flats). I was just wondering are there any roads/streets that i should avoid buying. I have done some research and the post codes that stick out to me are NG1, NG3 & NG7. Would love to know what anybody thinks about these postcodes. Kind regards, Jay
  12. Hi All, I've always been interested in the property market and have recently moved back to London from Dubai. I'm in a position where I have a £50k deposit and would like to make my first investment. I'm interested in Leeds. I was just hoping to get some advise on which specific area I should be looking at. I would preferably like to invest in an area which is popular with young professionals. I'm planning a trip to Leeds next month and have started doing some research. Could anyone who's had experience in the Leeds market give me any advise? A
  13. Happy new year, I hope you’re well. I have a hypothetical scenario based question and was wondering if you could help. Scenario: · I own a flat (~£550K – £600K) and my girlfriend owns a flat (~£325K. Both are mortgaged. She has now moved in with me and currently renting her flat out. · We have seen a property we would like to purchase together. We envisage funding the prospective purchase through equity release from the flat I own, the sale of her flat, the rest being made up of a mortgage and cash. · The intention is to keep the flat I own an
  14. Evening everyone, I'm Adam, I have always been floating around in the back ground reading forums, listening to podcasts but never wrote into the forum myself. (first time for everything I suppose). I see a lot of helpful people and answers all over the forums, I'm hoping now I have the courage to write a comment myself that this will give me the kick I need to just go for it. Right so hear goes. I have a annual salary of around £30k and I currently have one property which I am deciding to rent out after a light referb, due to moving in with my girlfriend in her pro
  15. Hi, I'm looking for advice going forward with regards to living off my rental income and future remortgages. I'm thinking forward and looking at the possibility of living off my rental income in the near future. I'm looking to save up a lump sum to live off initially and would like advice from full-time property investors. 1st question is, once living solely on rental income, how easy is it to remortgage your BTL's and home mortgage? Have you done this? which lenders do it and what criteria are they looking for the least? and what's a typical
  16. Hi everyone !! I am looking to buy my first btl property. Can anyone recommend best Nottingham area to invest in..... Looking at properties up to 100k at the start so i guess options are limited... Many thanks to those who reply. Greg
  17. Hello, I'm keen to get started in property investing. Have a 5 year plan to gain £2000 net rental income a month. From my research I won't be able to get a HMO mortgage without a minimum of 6 months as a BTL landlord. So would it be correct for me to get a low cost BTL that generates positive cash flow then get a HMO property later. Have little saving and £25k salary, whats everyone's ideas on raising a deposit using 0% interest credit card? Also parents have 1 rental property with no debt attached to it and would like to invest in another property, ho
  18. Hi Tribers, My solicitor recommended I take out director's insurance against cyber crime as part of my limited company purchase- reason being its apparently increasingly common for company directors' details to be appropriated (simple companies house beta search) and frauded. Wondering if anyone else in the community has opted to take this up as part of their ltd co borrowing (or is it a bit of a red herring)? and whether the costs is reasonable? Thanks
  19. Hi there, I'm looking for advice/ suggestions on general areas to invest within Leicester city center. Currently researching 2 bed flats, with the primary aim being yield (net 6%+); and I'm keen to get a steer on which areas I should be targeting/ avoiding. Suggestions and input very much welcome!
  20. Hi guys, at the risk of sounding like an idealist- does anybody know of any letting agents that offer individual property management services on a piece-meal basis, as opposed to the full suite? For example ONLY tenant vetting or ONLY marketing. It seems as though its all or nothing with most of the agents…
  21. Hi guys, just a quick few questions on tax that come up less often. BTL insurance claim, if you claim on your insurance for damage to a BTL property, do you claim the insurance payout as income and claim any contractor repair costs as expenses or do you claim neither as its an insurance payout rather than earned income? If you withhold some or all of the deposit due to losses of time, work, rent, damage or whatever, either for actual contractor costs or for your own time and hard work to clean and repair etc, does this need to be claimed as income or not as the deposit
  22. Hi, I am currently stuck in a consent to let nightmare and I was hoping I could get some help or advice. Any help would be greatly appreciated. The issues I have span a long list, but I have summarized most of the issues. In 2007 I bought a 1 bedroom apartment (new build/off plan) in Sheffield City Center for £106k (100% mortgage), myself and my wife lived there until 2010. In 2010 we bought a 3 bedroom house together. Because I was in a fixed mortgage for the apartment, I couldn't move to a different lender. So after failed attempts to sell the apartm
  23. 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
  24. 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
  25. 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
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