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Hello My aim is to create a space to discuss HMO/SA/BMV/BRRR deals in Oxford.

I have a picture of myself aged 3 in 1968 mixing cement at my dad's first rental property, he is going to be 94 next week. by the '80's we had about 20 properties but it was always a dirty secret then, keeping me from team sports and events due to cleaning, maintenance and turn arounds between tenants, as a teenager my dad kept the numbers from me but allowed me to skim the 50p's from the meters, encouraged me to education and a proper job. nearly 40 years later and i'm educating myself about the time i've lost. Had 2 additional properties on the edge for about 15 years but recently bought another 4 and ready to pile in in a big way but educating myself first.

Tipton and Colsey building society has announced it is to give holiday-lets and buy-to-let mortgages to customers wanting to specifically rent the property through Airbnb. Currently, this is a gap in the market as the number of people renting through Airbnb is on the rise, with few lenders offering this type of let as a condition of their mortgage. The facts: - Available to applicants that want a shorter or no fixed term agreements. - Available for second homes, holiday-lets, and remortgages - Maximum LTV is 75% - In addition to personal earnings, income made from the property will be taken into consideration when looking at overall lending. Read the full story here: https://bit.ly/2LoSnzB

Hello all, I've listened to all of The Property Hub podcast and now a new forum member. I am based in Kent but as a keen mountain biker spend some time in Wales, in particular Afan Forest. I am interested in buying a property that requires a refurb close to the Afan Forest Mountain Bike Trail Centre with the hope to do it up and run it as a Holiday Let for mountain bikers and hikers. I was looking at smaller villages such as Cymmer, or possibly larger towns like Maesteg and Neath. Putting Covid to one side, my hesitation is that bookings will be much slower during the winter months and during the week year round, does anyone have experience doing a similar thing in the area? I was also thinking Port Talbot might be a safer option as it’s still close to Afan but has the additional advantage of being a larger town with the beach and promenade with good Buy To Let fundamentals, meaning it could provide a plan B option if the bookings aren’t steady enough? Any insights, recommendations, or thoughts are welcomed! Thank you, Ryan

Hey, thanks for having me! I'm 24 years old and got my first property in September 2018. It's a 4 bedroom, 3 storey terraced house in the centre of Plymouth. I decided to live in the house while renovating to allow me to see things from a tenant’s point of view and adapted things along the way, with a complete cosmetic overhaul too. I'm in no way handy at anything so my best friend who has lots of experience in properties helped - which was a godsend! I am currently short term letting through Airbnb, which is going great so far, although I happened to be quite dubious at the beginning. It’s been bit of a hit and has been booked solidly from January to August. Apparently, there isn't much of a short term let market in Plymouth city centre for a property that can host up to 7 guests. In September I have decided to let it to students, as my best friend’s cousin owns one of the biggest student management companies around here, told you he was a godsend! After being out on the market for students, it took 17 days for it to be confirmed rented for the 2019/2020 academic year, which took me by surprise. I may have to buy my own personal property in Bristol in the next few months subject to a potential promotion at work. I ideally want a second investment before I have to start paying for my own mortgage (yes, I still live with my parents, I am incredibly fortunate to be able to be in this position still) so I'm trying different ways to raise the cash. I’m currently stuck in a quandary and don’t know what to do so your advice would be most appreciated: I purchased for £130,000, added £3,000 into renovations and had it valued last week at just over £160,000, to my amazement! I have decided to put it on the market out of curiosity to see what offers I receive. Half of me doesn’t want to sell and the other half does. What do you think would be the next best steps for me to raise capital? Good investment properties for students don’t come up often in Plymouth, it took me a year to find this one! Do I remortgage in 2 years and use that equity? Do I sell now and try to buy two more properties if they come up? Do I stop worrying and go relax, get drunk and take a holiday because I’m 24 and am extremely fortunate to be in this position? I may have bored you and I apologise but I definitely look forward to talking to some of you in the future. My dream goals: To be financially free at the age of 40, maybe even to live and have a small beach hut serving cocktails in a warm country whilst living off my rental income and hopefully small profits from the cocktail bar. -Wesley

Morning Everybody Been listening to the podcast for as long as I can remember, and looking forward to soaking up all the free knowledge, and getting to know everybody. I live in Sale with my Wife and Son, with a new arrival due in April. I have been interested in property for the last 10 years when myself and the wife renovated our first residential property. Since then we have moved twice and re-invested profit into serviced accommodation, renovating a barn in north Wales. I decided to sell my IT company last year, and ever since then I have wanted to get into property, so I decided to ask my friend if I could work on a commission only basis at his hybrid estate agency, didn't make any money in the first 3 months but I wasn't bothered just wanted to get my foot in the door, but it gives you a great insight into how it all works and its always good to know from both sides. Fast-forward to January 2019 me and a friend set up Hassle Free Homes to focus on serviced accommodation and flip deals. We have purchased our first project this month under market value and should have the keys in 4 weeks and have also taken on another house in Wales to advertise on AIRBNB. Well hope I didn't ramble on too much Thanks Dave

The rent a room is a scheme was put forward by the government in 1992, to help homeowners make extra money by renting a spare room to lodgers as a way to increase the amount of affordable accommodation in an area. The incentive for homeowners to rent a spare room was that earned income from this room would be tax-free up to the amount of £7,500. This has in more recent years been applied when renting out an entire property, a perfect example of this is people renting out their sole residents on Airbnb. With the initial amount of £7,500 being tax-free and very desirable areas such as London and Manchester having many people taking advantage of this. The government is looking to close this tax window... But only very slightly. The government has now put forward plans to offer the tax relief only if part of a property is let - not the entire property, as is often the case in modern internet-booked short lets such as Airbnb Click here to read the full story: https://www.lettingagenttoday.co.uk/breaking-news/2018/7/tax-bombshell-may-curb-airbnb-style-short-lets

Hi I’m hoping someone can help me. My my wife and I are buying a second home - a flat in London. My wife works 3 days in london, 2 days at home. She wants to use the flat for 2 nights a week, every week. We intend to do AirBNB let’s for the remaining days. My question: can we achieve this through an SPV ltd company? Specifically, are there mortgage products that allow the mortgage to “holiday let/short term let” and use it regularly for themselves? (Tipton BS just launched such a product but they don’t lend to ltd companies). Are there issues with the limited company allowing directors to reside? Can it be free or would a charge have to be made? Tax issues associated with this? We are also about to embark on becoming a landlord ourselves and are looking to purchase a number of properties through an SPV ltd company. Please note: We are aware of the 90 day holiday let restriction in London, and also the caveats to ensuring landlord consent to sub let on this basis. with thanks in advance.

Hello Hubbers! We have finally got an offer accepted on a one bed flat facing the sea! We aim to short-term rent it on booking.com and Airbnb. After speaking to two mortgage brokers, there is only one lender who will offer a mortgage to us as a holiday let through a limited company. They are offering an average 3.3% for a two year fixed rate but has £2800 of fees attached to it (property is only £160k). Plus really horrible rates for solicitors which I might be charged twice for (dual representation??) My accountant doesn't really understand about property specifically and isn't super savvy in this area. Does anyone have an idea of what to do for a new business that will be renting through sites like Booking.com or Airbnb? Can anyone give any advise on how to set the company up and any alternative mortgages? I don't want the property to fall through my fingers! Thanks in advance! I truly appreciate any help.

Hi All We have a 3 bed flat in the Roseburn area of Edinburgh which has just become vacant. It normally rents for about £900 month and I've always done AST's, so I don't have any experience of airbnb. As its coming up to Festival time I wondered if I should try to do a festival let before advertising for long-term tenants. Its currently unfurnished so I would need to buy beds etc, pay airbnb fees, management costs and so on. Having had a quick look on the website it looks like we could probably get decent occupancy all year round, so maybe the initial set up costs would be worthwhile. Any thoughts? I'm aware of the issues with doing this on a standard BTL mortgage and that Edinburgh City Council may decide to regulate airbnb going forward. Thanks Clare

Good evening all. I am a new investor, in Glasgow. I have a four bed flat in Hillhead and a five bed which I am in the process of acquiring. I am entering the HMO market, setting up a limited company and intend to grow a portfolio. I was formally a litigation solicitor in the property/landlord and tenant sector. It is fair to say that the Scottish residential letting sector is nervous of the new PRT regime (Private Rented (Tenancies) (Scotland) Act 2016). Short Assured Tenancy agreements are a thing of the past (unless your tenant is already signed up to one,....for now). The new tenancy regime seems to be worrying landlords, particularly those in the student market. HMO agents are waiting to see how the changes will effect their clients. It is suggested that there will be empty flats during the 'dead months' of June, July and August. Others believe that tenants will be so keen to secure their preferred flat for the following academic year that they opt to 'stay and pay' during the summer? Maybe they will, because there is strong demand for student accommodation in Glasgow, but will this continue? Further, even if demand remains strong, are students (or their parents) really going to cover the rent in the summer months when they cant be forced to pay [I accept that this assumes under the old/existing regime, tenants and personal guarantors could be reasonably and practically forced to pay rent if the property was vacated in May - from talking to people, it seems most tenants paid up during the summer months without a fuss, but it is further suggested that this will not continue under PRT]. Is anyone thinking about this? The potential dead months are the summer months, ie the tourist season (or a large part of it). Are any of you who are HMO/student landlords looking into the short term holiday let market as a means of filling potential dead months (or even as a means of increasing gross yield)? I know what many will say - each market has its own property profile and they are at opposite ends of the 'quality' continuum! That might be party true, but here's the thing: It seems likely that all landlords are going to come under increasing regulatory and quality-control pressure. At present, most sectors have relatively light regulation (HMOs excepted). Those landlords with HMO properties are likely to be already compliant (or semi compliant) if, for example, the holiday let market gets regulated. Further, a 'really nice' flat will always be easier to fill with students or tourists and local authority inspectors are more likely to find favour with flats which have been well refurbed. Are student tenants really incompatible with corporate/holiday lets over the summer? I don't know. My experience of student tenants if very positive. Are Landlords with student tenants worrying about empty flats during the summer months? Is anyone looking at this as a possibility and thinking of solutions? I'm open to ideas, comment, discussion and criticism! Regards, Jamie

Hello I am look for advice on mortgages which appears to be a fairly tricky area! I am looking to invest in a property through a limited company to run as a serviced apartment. Does anyone have any experience of this and willing to share their knowledge or recommend a broker for advice? I am wondering how possible it is going to be, being a new business; If there is a minimum they will lend; are lenders likely to do a portfolio loan. Any help would be gratefully appreciated! Many thanks Cara

I read this today, been aware of this rise in demand the last couple months. "Mortgage brokers are being warned that they could be struck off lending panels if they are complicit in providing buy-to-let loans on properties that are being used for holiday lets. Following recent changes to landlord taxation, there has been a surge in lettings through the holiday let rental market using websites like Airbnb and Gumtree. The fall in the pound post the Brexit vote is persuading thousands of Britons and foreign visitors to seek short-stay accommodation in the UK. This means that thousands of buy-to-let landlords have been taking advantage of the demand. Research shows that short stay holiday properties can generate double the annual income of a typical residential buy-to-let." Brokers, just make sure you do your due diligence. PM me if you wanted more info if you have been "accidentally" breaking the rules and AirBnNing your BTLs

Hi guys I am looking at purchasing a BTL that I am planning to use solely as an AirBnB. Does anyone have any experience on getting a mortgage for this? Would the best option be getting a standard BTL mortgage with permission for short term lets? I am speaking to my mortgage broker early next week but was keen to see if anyone on here has had practical experience of this! Many thanks in advance for any thoughts. Matt

Hi there, I'm fairly property obsessed. I work for a mortgage broker, I own a house in Camber which I am renovating with a view to it becoming a holiday let, and I live in rented accommodation. I'm interested in learning more about property from all angles. I thought I'd start by sharing a blog written by a colleague on what mortgage lenders think of sites like AirBnB and how you could be breaching the terms of your mortgage contract... It can be read here: http://www.mortgagesforbusiness.co.uk/news-insight/2016/december-2016/mortgages-and-airbnb-1/

Hi all, Hope you're all well and not too sweaty in this heatwave. If you're too hot, come and visit us up in Scotland: it's most pleasant! I'm about to get the keys for a flat in a new build in Manchester. I live in Glasgow. I'm also currently experimenting with Airbnb. For this first time, I have the challenge of setting up a property remotely and to a high enough spec to let out via Airbnb (it is not possible or desirable for my appalling taste to be directly applied to the flat). Does anyone have any experience of setting up flats remotely? Did you outsource? Where you happy with the outcome? How much did you pay? Any lessons learned? Thanks, Martin

I am looking to rent out my place for the first time. My place is in Clifton, Bristol a very sought after and desirable area for both residence and tourists. The decision I have been battling with and one that I was hoping to get some advice from you all on was whether to rent my house out residentially… I do like that it will be rented out all the time and turn over of tenants will only be once every 12 months max but have been advised that renting it out short term on airbnb can get you DOUBLE the revenue if managed well I have heard of a company called Air 360 based just around the corner who manage properties for you in this style For only 12% of the booking price which is much better value than any other airbnb property management service in the area. Does anyone have any advice/ horror stories/ success stories for me??

Hi, Could anyone provide some insight into what type of mortgage you would need to purchase a property that you plan on letting as a serviced apartment on sites like Airbnb? From the people I've spoken to regarding this, lenders seem to dislike this so many of them don't notify them. Cheers, Luis

Has anyone had any issues with the local council when operating a bed and breakfast property via airbnb? I have heard that it is ok so long as you don't have more than 3 separate family members but if you have say 2 rooms rented but have 2 guests who are only friends (not family) in each of the rented rooms... Then it falls foul of the new rules! I have also heard of landlords now refusing to rent a house to more than 2 students unless they are related due to this strange rule.. when in the past you could have 5 or 6 students sharing the rent with their own bedrooms. This is in the Bedfordshire area.

Hi, My fiancé and I are looking at buying our first investment property in Edinburgh. We have been thinking about using it for holiday rentals via Airbnb. However, I'm unsure as to how successful this could be. Has anyone been doing this with a property? We've missed the prime time ( Edinburgh Festival) this year. I see no problem in getting a long term tenant should we opt for this. We live in Edinburgh city centre and my job would allow me to organise the property for guests as I realise it will take up some of my time. We're thinking if a one bed in the centre of Edinburgh. Any advice would be great.