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Found 13 results

  1. Hi, Can anyone please advise if fees paid for a snagging report on a new build property would be considered a capital expense or a revenue expense by HMRC? Many thanks in advance.
  2. Would someone be so kind and look at my problem and give me some tips or advice? I wrote it down chronologically to make it easier to get an idea of the case. Fact one. We are residents (in 2012/13 we moved to the UK) – we do not have any property here yet. Fact two. In 2008 we acquired the property in Poland – we have a marital property community (STATUTORY MARITAL PROPERTY PARTNERSHIP). What we acquired is a plot - BUILT-UP PROPERTY 1500m2. On which there were two properties. detached residential house (single-family) with a usable area of 33,46m2 con
  3. I am from the UK but I now live in South Africa. I set a goal to make my first property investment this year. I have put a 2k reservation fee down for an off plan apartment in Manchester back in July 2020 to be completed Q2 2022. The process has been taking a long time and it brought up issues with the developer as my but to let mortgage is looking likely to come through a Shariah bank who have said they are willing to give me a mortgage at this stage. Once the property build is complete in 2022 the sellers solicitors will serve notice to complete in 10 days. My solicitor has ironed
  4. Hi all, I should be getting the keys my 1st BTL next month and I’m super excited but I’m toying over wether to furnish/part furnish/unfurnish the property. It’s a beautiful Yorkshire stone 2 bed terraced (hardly needs any work) in a lovely area, also the vendor is gratefully leaving the settee, range cooker plus wardrobes. My dilemma is do I leave it as is? Spend more ie washing machine (for which I’d be liable for) beds, tv etc! Id be very grateful for all advice Diane
  5. Hello all, I am looking to start my property investment journey, but I'm hoping someone might be able to advise me about the affect of SPV purchasing on your status as a first time buyer. If I buy a BTL property as the director of a SPV, would I still count as a first time buyer when I come to buying my own house? Would I be able to use my LISA when buying my own home outside of the SPV? Thanks in advance for any help and/or advice.
  6. Hi this is my first post , I am 23 years old and hoping to purchase my first property in the next 2 years however my question in the world of property investing is that as i am a first time buyer i have been contemplating buying a property with a residential mortgage and the 6/12 months later moving location and then notifying the bank and obtain different job elsewhere and putting the property on rent and moving back in with family. Has anyone else done this ? And if so how have you faired ? And what are peoples thoughts of this?
  7. Hi I have a good tenant who wants to move his girlfriend in - I have no problem with this. She is a student with student accommodation and has asked that she isn't put on the tenancy agreement but is given consent to be an occupier instead. I think she wants it this was for her benefits situation. Does anyone have experience or advice around this? thanks Daryl
  8. Hi Guys, my name is Seb and I am a total novice in the property investment looking for some wisdom and advice from fellow forum members. My wife and I are currently in the middle of purchasing our first BTL property in Stoke-on-Trent and recently we have received the homebuyer report which has highlighted some structural problems with the property. The main area of concern is unsupported chimney stack in the loft space. Due to this issue the surveyor estimated the current market value of property as £0 (zero) with the advise to get some experts to provide some quotations for remedial work. Do
  9. Hello Hubbers, This is week three in my journey into property investment, I have always had an interest in property but that was more towards finding a perfect forever home. After doing some digging and thankfully coming across Rob & Rob's podcast and subsequently The Property Hub it has really lit the proverbial fire into what will become a successful venture in the future. I currently reside in Herefordshire, as the title suggests, with my family so that is ideally where I would like to start my investment portfolio and eventually search further a field after getting my feet w
  10. Hi there If anyone is able to give me some advice I'd be really grateful. I have a flat with a tenancy ending May 5th. 2 tenants who are friends. One is moving out. The other doesn't want to move out due to concerns over Covdi19 and wants to stay put and continue to pay his half of the rent. He also doesn't want to have someone new coming into the flat at this time. I have sympathy with his situation plus, it's unlikely I will be able to get new tenants, so having some income would be helpful. I'd like to be able to find a way to help him stay in the short-term, but where we are
  11. 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,
  12. Hello Everyone, Im very new to the property investment game and i have so many questions, i dont know where to start. So i will keep this intro as simple as i can. (i do have the tendency to waffle tho, so apologies if i do!) I have done a lot of research, read a book (guide to property investment by robert dix) and forums, I have a start and end goal in place (im following robs business plan guide too) I am currently looking to remortgage my own home to fund my first property investment (end of November) Im now starting to learn about the property c
  13. Hi I am hoping someone can help me.......I am looking to purchase a first floor flat which is above a shop and it has 2 other flats above it, the shop itself owns the freehold from the floor to the ceiling of the shop then there is a head lease owned by a third party in place which covers the additional 3 flats above the shop starting from the first floor to the 3rd floor. Each flat then has its own lease under the head lease. In the past there have been problems trying to sell the flat due to the fact that mortgage companies don't like/understand the head lease. I am able to purchase the
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