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  1. Hi all, I have just started out on my first business venture with a friend of 7 years, we have currently set up a limited company which will house our property portfolio and are in the middle of purchasing our first 2 properties one in Sheffield and the other in Doncaster. Our short term goals at the moment are to be able to focus on this as a full time career and leave our current jobs. We both have a fair bit of experience in construction so hoping this should help us on our way. Any tips would be appreciated and anyone investing in these areas please feel free to get in contact.
  2. So I currently own my own home where I have been living for 4.5 years which I was lucky enough to buy myself (saved by living with parents). My long term partner (not married) has just agreed to buy a new home for us to move into which will be an upgrade for us both and this will be in her name (until married). I now have the fortunate option of what to do with my property (Paid 178k now worth approx 210k - 2 bedroom on South coast). My first thoughts is to rent out my property but given my circumstances obviously the property is not within a limited company and I am just on the edge
  3. Hello I set up a boiler cover with 247 home rescue! I can't stress enough how bad they are. The day before the tenants moved in my cleaner noticed the boiler was leaking, they turned it off and contacted me. I called to make a claim with the cover plan and the rejected it as I could give them the pressure of the boiler. I explained to them I was 140miles of the east coast on an oil rig and they didn't care. I then had to get an other engineer out who I paid £120 but he couldn't sort jt. So I then called up to make a claim again as there were t
  4. Hello all. I’m 22 and have just started my property investment journey. Although I have not actually invested yet, I have begun reading and researching as well as focusing on saving as much money as possible for when the time comes to finally make that first investment. As you will all know, there is a lot to learn and so I am eager to speak to people who are further into their journey than I am. One of the main areas I wish to further my knowledge in at this stage is the amount of money I realistically need to start investing. I earn an average wage working a 9-5 job and currently do not have
  5. Hi Everyone, I came across this site from researching on google. I am looking to educate myself on property and see if property investment is for me. Looking forward to engaging with you all.
  6. We are in the process of buying a btl with a little added bonus - a small building plot for 2 small houses on a derelict plot of land that comes with the house. The intention is to build, refinance and let. We are full of good intentions and need to keep momentum. We are not expecting to complete for another 2 - 3 months (probate, covid etc). We want to use this time to educate ourselves on building houses - we won't be doing much of the work ourselves but know that we want to project manage rather than have a turnkey build. We've had a general google - does anyone have any recommendatio
  7. Anyone got any experience of setting up a declaration of trust, or currently have this set up..with an understanding of how this effects your borrowing abilities? want to set up declaration of trust in favour of my wife 99vs1%. Can we still have joint mortgage or not? Thanks
  8. Hi, We have just completed on out first new build property. I just wondered if anyone could give a list of key documents we should insure we get from the developer. I imagine Gas safety certificates. Do we need FENSA certs? Are there any other important documents or things to be aware of? Any advice on this would be greatly appreciated. Thanks in advance. Chris
  9. Hello all! I am looking to start a property investment journey. I haven't bought any properties yet, and am busy learning about the strategies and practicalities still. At the moment I am leaning towards professional let's, managed by an agent. I would like to keep my investments in the UK but other than that I will be taking professional advice, and will likely use a property sourcer for the majority of my searching. My goal to build my portfolio to the point it can support myself and my family. I'm pretty ambitious, so I will try to invest as much as I can as fast as I can, th
  10. Hi All,I'm just after a bit of advice really. My partner and I had reserved a new build prior to COVID using the HTB scheme and had a mortgage offer ready to go for exchange but the pandemic struck. The build was then stopped and completion window moved from initially Aug-Sep 20 to Jan-Feb 21. Unfortunately my partner has been furloughed and this mortgage offer has since expired. We therefore haven't exchanged and will be unable to do so without a mortgage offer. We are trying to arrange for another mortgage offer but despite being way under the possible affordability threshold of our mortgage
  11. Hi guys so have been on this forum since April but been working on doing my first project since Dec last year. Done some reading (thanks Rob And Rob ). Got my calculator sorted. Got a big chunk of cash saved up (big for me anyway). I am on a couple of property groups on Facebook and constantly bombarded with deals and sourcers. But cant find a decent sourcer or deal. But I feel a little stuck. Even though I only got my cash together in July. My situation is - have about £25k and want to do a flip or two to build up capital. Trying to find deals around S.Wales
  12. Hey all, By way of introduction my name is Indy - recently stumbled across the property hub podcast and have been addicted since - listening throughout lockdown with most episodes repeating throughout the day. i recently was fortunate enough to purchase my first property that I currently live in . Starting at zero again and putting my goals and strategy onto paper I have come to a road bump - I need some advice / guidance if anyone could be so kind ; My aim is to save as hard as I can , possibly a grand a month for 2/3 years , in that time I would have built some equity to
  13. Good morning guys and girls I recently bought my council house with my mum through the right to buy scheme. Paid £199k house is worth 310k. I have 30k In saving which was originally for my first house until we decided to buy this one. I now want to buy a house cash (my mortgage is 1k a month so don’t want a btl mortgage aswell ideally) . My plan is to buy a 2 bed terraced in Grimsby for 34k and rent it out give it 6months then get a 100% remortgage and buy another and get 2 streams of rental income and have only 1 remortgage to pay (still paying residential obviously) . However talki
  14. Hello, I would like to start building up my portfolio of rental properties in an SPV format. I am keen to start contacting mortgage advisers to look for the best limited company BTL mortgage rates. Does anyone recommend a good mortgage advisor with experience of helping a newbie get into the market ? Thanks Camilla
  15. Hello all! My partner and I are really keen to get started with building a property portfolio of Buy-to-Lets and HMOs. We have been doing a lot of research over the last 9 months and have begun saving some cash to get us started. I have around £6000 in a Lifetime ISA (and growing by the month) and we are trying to come up with our strategy for the next 5-10 years to create a property portfolio. Our aim is to be able to either quit our jobs, or be in a position where we can work/volunteer in an area that we are passionate about without having to worry about the salary. We do no
  16. Hi all, I'd be grateful for some guidance on investing in Liverpool (120k max budget) probably through a sourcing company. My story: I have 3 properties all in the southwest, am remortgaging to release equity and hope to have about 30k to invest. As you can imagine this won't stretch very far in the areas I'm familiar with (Bristol, Wiltshire) so now looking to broaden my horizons. I studied in Liverpool in the early 2000's, loved it and hope that I'm now in a position to invest. Complications: I'm in the military and have just retu
  17. If a parent wanted to sell a property to their child for half of the value of the property, helping them to get onto the property ladder, would the equity in the house be enough to count as a deposit for the mortgage? For example, if the property is valued at £300k but the parent sells to the child for £150k, this leaves £150k positive equity in the house. Does this mean that the child would not need to put a cash deposit down? Thanks in advance for all advice!
  18. Hi, im looking to begin my journey into real estate and have plenty of cash saved up to begin. I was looking for some advice on how to invest it and what is the best way in 2020?
  19. Hi, Does any one have any recommendations for a solicitor to work on a ltd company buy-to-let purchase in Liverpool? Any help or advice would be much appreciated, this is my first one! Thanks, Kate
  20. Hi, I have Inherited a one bed property on a prime plot of land (valued at c.600k). There is potential to redevelop into a 5 bed property by either knocking down and starting from scratch or use the existing shell of the current property. What I'm not sure about is whether it would be better to make it into a 5 bed or 4 bed. I'd like to know how I can find out what the demand is for either and whether it's worth investing a bit more turning it into a 5 bed rather than 4. For context, the property next door was redeveloped a few years ago and is a 4 bed which has been valued at
  21. I’ve done a few flips this year but as the buying and selling process takes so long, realistically I need to have more than 1 on the go at once. As I only have enough capital to put into 1. Is there a strategy / contract where we could agree a price with the seller for the property then pay after the refurb is complete and sold and also offer them a % of the profit on top? Someone mentioned about assisted purchase, deferred payment and development deals but didn’t elaborate on the detail.... thanks all
  22. Hi there, I am purchasing two flats in Leeds and need a recommended company to do the surveys. Any recos? Thanks a lot Nick
  23. Hello, I’m after some advise on my strategy. I have 2 options. I currently rent out one property and have done for 5 years. I am currently living in rented accommodation at the moment. What would be the best option without going into too much detail I have summarised the two options below: Option 1: > Continue renting out my rental property. > Continue living in rented accommodation. > Buy another investment rental property for around £100k (add money by renovating) and rent out. Option 2: > Continue renting out my rental property. > Buy
  24. Hi all, I am a keen investor in the south as this is where I live and Know. In the areas I invest I can pick up a 2 bed flat for around 135-140K with a service charge of around £110 A property like the above rents for around £700 - £750, and the demand is high. Mortgages I have on these are around £220PCM so the returns are not too bad. I have a number of these and am now investing through a ltd company, as I know many of you are. I am now looking to pursue capital growth as I am happy with my income. Can anyone recommend areas that may have more potential
  25. Hi Everyone, I have made the decision to travel up to Leeds next weekend to carry out some viewings on property up to about £110,000. Only have 1 day and i want to make the most of the trip to get a feel and understanding of what and where is good new for a B2L and i don't want to waste any time doing it. can anyone advise me on some particular B2L hotspots in Leeds that i should make sure i go and see? I am split between going for a 1 or 2 bed apartment or a 2 bed terraced house that needs some TLC. any advise would be really welcome.
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