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  1. Hi, We are new to property investment but are looking for a strategy to maximise return from our Guesthouse sale/ development. We are in the Centre of Oban, Scotland and are roughly 40%ltv so are agonising whether to convert to HMO, sell as is, or do a flat conversion. If anyone has any suggestions or alternatives, that would be welcome Thanks Hugh
  2. Hi there I have been told to self isolate for 13 weeks as I have severe asthma. I'm looking for some info on online property courses. Obviously the content on here is great but I'd like to have one single course that covers alot of information for beginners. Ideally with certification. I have seen a few but would just like some advice. I'm in a Scotland so would prefer one that covers Scottish law etc but I understand that may be more difficult to find. Thanks in advance and stay safe
  3. I would like to invest in property and I have £250K to spend. Should I buy two properties or one? I thought two may be better to: * allow an income even if one isn't rented yet or there are problems. * less risk if the property was ruined by bad tenants. *If I buy in two areas I may smooth out any sharp rise or fall in the increase (or decrease) in value of properties in a certain area. I live abroad and will have the property/ies fully managed so I was thinking one property would be better: * to lessen start-up and paperwork fees - I assume they'd double as there's two flats.
  4. Hi Hubbers First post- happy to be an official Hubber :-) Can anyone recommend any good independant BTL mortgage advisors in Scotland? Thanks Duncan
  5. Hello everyone, This is my first post ever here so sorry if it's not correct in any way. i have signed an tenancy agreement with a tenant and they paid the deposit. Then a day later they said if they can delay the tenancy for a week then move in as they were having issues finding someone to rent their place... Now they don't want to move in a week later after their original move in date.. I have lost money and potential others tenants. Can I keep their deposit ? I have put this in their contract that If the tenant does not move in on the date stated then I will not be returnin
  6. Hi folks, we're currently in the process of buying our second BTL and it's been highlighted by our solicitor that the converted loft (carpeted, plastered and with a roof window but no fixed staircase) does not have the necessary permissions (i.e. Building Control sign off). It wasn't sold as habitable space but we're being advised to have the vendor (an absent executor) get a letter of comfort from the LA; to indemnify us against any future associated costs for remedial work; or to "take a view" (which, in the context is likely to be proceeding at our own risk, renegotiating the price or
  7. Are Lease Options legal/approved of in Scotland? I have read (from an old source) that the Law Society of Scotland do not condone them.
  8. Hi there, I'm looking to make a start in the world of property investment in the Glasgow area. I was originally looking to find a suitable property/seller for a Lease Option Agreement but have heard its quite tricky to do in Scotland? I don't think a Buy-to-Let is the best place to begin so was thinking of buying solely to holiday let or if possible renting to sub-rent as a holiday let if that's a thing? I'm still a student and have around £10,000 to spend so looking for a small deposit investment. I'm also open to any joint venturing/mentoring to help get me started, I wouldn't necessarily be
  9. Hi folks, I've had my property let for the past 10 months by an agent but I'm considering self-managing (a number of things including poor comms and errors in paperwork have frustrated me). Does anyone have any advice on pitfalls or things to look out for? The agent found the tenant, did all the necessary checks (they say) and have protected the deposit. How simple should it be to transfer over to me? House is in a ltd company, recently mortgaged on a BTL product. Tenancy is the standard Scottish form (no specified term).
  10. Hi everybody, I thought I’d write this to introduce myself and also to provide me with a little bit of motivation, as I expect this community will be great at holding me accountable for my goals. I’m currently in the middle of a live-in refurbishment with my wife and 2yo daughter. We’ve been hit by some tough times over the past three years since we moved in, so nothing has really gone to plan. I’ve been doing most of the work myself-I’m a civil engineering project manager by day and a DIY dad by day-off/evening/occasional weekend. It’s been hard balancing work, dadding, husbanding a
  11. Hi. Could any Scottish landlord please tell me if there is a way of agreeing a holding deposit with a new tenant now that it is unlawful under the terms of the new Scottish Government tenancy agreement? Is there another procedure that achieves the same end i.e the tenant has the security of knowing that the advert for the property will be removed and the landlord will not renege on the agreement before the deposit is paid, contract signed etc? And the landlord doesn't need to wast their time or the time of any other prospective tenants by continuing to hold viewings in the case the tenant
  12. Hi All, We've just bought our second BTL property in Glasgow through Future Auctions (although outside auction). We purchased for £40k with Home Report being £60k, so quite a bargain (or not). We knew that the property would have some glitches we would need to take care of but one day before the deadline to complete, the seller's solicitor sent our solicitor all the documentation which had a surprise. A charging order on the property for £25k (£18k original amount plus £7k in interest because the seller did not pay). We were going to pull out but our solicitor, recommen
  13. Hi I'm and architect who used to work for a niche eco-housebuilder. I have been advising developers on sites for so long that I now find I know more than they do! I started by buying an office for my practice through my SIPP (which can also borrow), then got planning permission for flats on unused garden ground. Now building 4 flats, sold one before it started, keeping one myself as a btl, 2 yet to sell. This isn't the easiest route but it's a great way to use your pension savings to get into property. The profit is being used to seek more sites and high yield opportun
  14. Dear helpful community Me and my business partner are in negotiations to buy a vacant commercial property - small office block with separate workshops near Edinburgh. We are planning to buy cash with investor funds / bridging or a mix of both. I need to organise our exit strategy to refinance onto typical commercial lending. At the moment we only have experience in residential BTL / Holiday Let, Ltd company bridging, Ltd company holiday let but are novices when it comes to lending for a commercial property. The key areas I'd initially like some advice on are: Minimum t
  15. Hi everyone, I’m Rob and I’m based in Glasgow. I’m new to property and my interest was sparked last year when I bought my own house. I found a love for negotiation that I didn’t realise I had and managed to save myself 15 k below home report which I thought was good. I found it exciting so looked into property more. I'm just married so most of my capital was spent on my wedding so now slowly building back up so I can invest myself. Meantime, I am looking at boosting my capital by helping other people and source deals. I’m interested to hear what people’s investment crite
  16. Hi guys I will be needing the services of a company to manage a future property in Glasgow. Does anyone have experience with any of the companies there and who I should contact (and also those I should avoid). Much appreciated! Cheers, Andy
  17. Hi guys. While I have an Irish passport and am often in the UK for work, I live mostly in sunny South Africa. I have a couple buy-to-let properties in South Africa already, but very keen to start growing my UK portfolio (Edinburgh and Glasgow to be more specific). I have a UK bank account and I will have the 25% deposit required for the buy-to-let property. My concern is more about getting the mortgage for the remaining 75% without UK payslips, not being on the electoral roll, no national insurance number, etc. I was looking at a few options and would
  18. Hi all. It’s a pleasure to have found you all here. I’m an Edinburgh-based property investment newbie. I’ve enjoyed, and still do, a career in the public service and am lucky enough to earn a decent salary. But at 47 I’ve have recently had the epiphany that unless I find a way to significantly supplement it, I won’t have the options, lifestyle and security I need for my family in the years ahead. I have a long standing interest in property. I’ve renovated a number of my own properties and run a successful interiors blog. But I’ve never before had the capital, knowledge and confidence to take t
  19. Hello, I just about to compleat over the next few weeks on a BTL flat in Dundee. This is my second BTL, however, it is the first time I have invested in Dundee. I am starting to look into sourcing some local tradesmen to complete a relatively small refurbishment. If anyone has any recommendations for local Plumbers, Electricians, Kitchen fitter or carpenters? It would be very much appreciated. Thank you very much Martyn Taylor
  20. Hi All, Newbie from Aberdeen (or based in Aberdeen ). Have been watching “Homes under the Hammer” for over a decade and wondering when I’ll take the leap of faith. My BTL Journey began in December 2017, when I spotted an opportunity to buy a BMV 3 bed flat taken by a developer as a part exchange from my neighbor and discounted by almost £50K based on valuation. 2 bed flats in the area was over £25K higher and 3 beds around £40-50k sold prices so I thought it was too good an opportunity to miss and with a mate of mine we put in an offer for £200k and was accepted. We both p
  21. Hello, I currently have some tenants who are on a short assured tenancy agreement that has been on a rolling month to month agreement for at least six months, if not a year. I heard about the PRT's that are being introduced and had thought about trying to move my tenants on to it as I missed a few vital documents when the original tenancy was set up. I thought that if I started the new PRT I could issue those documents when this contract begins. Does anyone have any thoughts on this and what information do I need to give the tenants in advance of issuing the PRT? I phoned the Scott
  22. Hey everyone, I've recently moved up to Scotland and working on my first flip. Got what I think was a great deal on a property, added value and done what has worked for me down in England before where i'm positive I can sell for profit. The problem is, in Scotland (for those that don't know) it's the sellers responsibility to instruct a surveyor and get a home report (with valuation) before you market the property. This value significantly effects the eventual price the property sells for as lenders will only lend up to this value. So in short, has anyone go
  23. Hello there, I already have a personal BLT, but since I also own a holding company [with SIC 70100] I'm trying to get the Ltd company to buy the properties instead. So far so good, the challenges I have are: Many lenders do not operate in Scotland so most of the information I can find on the net seems very rest of UK focus I like to use the holding company for this, however it seems many lenders require a SPV to do property investment and nothing else. Many specifically require a Ltd company registered with these SIC codes and to operate on those only: 68100
  24. Hi Everyone I was just wanting to know what Scottish Landlords thought of the new Private Residential Tenancy Agreement ("PRT") and the associated new rules brought in by the Private Housing (Tenancies) (Scotland) Act 2016, which are due to come into force for the 01 December 2017?The PRT will replace AST and ATs. Has anyone thought about the issues associated with the new rules and anyway to get round them to make them more favourable to Landlords? I have been thinking about these and noted the below issues: 1. Removal of the no fault eviction
  25. 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
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