Jump to content

Search the Community

Showing results for tags 'btl'.



More search options

  • Search By Tags

    Type tags separated by commas.
  • Search By Author

Content Type


Forums

  • Property Hub
    • Announcements
    • Property news
    • Introduce yourself
    • General property discussion
    • I need advice!
    • Progress journals
    • Property Podcast discussion
    • Property Hub University
    • Off-topic chit-chat
  • The Property Hub Summit

Calendars

There are no results to display.


Find results in...

Find results that contain...


Date Created

  • Start

    End


Last Updated

  • Start

    End


Filter by number of...

Joined

  • Start

    End


Group


Website URL


Skype


Location


Areas I invest in


About me


Property investment interests


My skills


My goals


Interests outside property

Found 278 results

  1. Hi Everyone, Im really hoping some of you could share some opinions and advice for my situation and maybe tell me what you would do in my shoes. I currenlty live in a house worth £325K with a mortage outstanding of £225K I have found another property i would like to buy as my main residence which is £360K both properties are located in the south of england in hampshire so not the hottest location for capital growth but a good solid rental demand. After much head scratching i have boiled it down to 2 options: Option 1 Remortage my current property on to a LTB @ 80% LTV (5 year fixed as 2 year not available at this LTV) i would release £35K and the property would rent for £1200 pcm and cash flow at £272PM Net of costs and income tax. I would then purchase the new property on a 90% LTV using the relased equity and my £35K savings to cover the extra SDLT and fees assostiated, leaving me with somewhere arround £5K in the bank but 2 assets and 2 big mortages in an uncertain times. Pros: Keep a good cash flowing house, less transations so lower fees (no sale cost), ive lived in the house so know the market area and the target tennant well, second asset straight away rather than waiting IE gets my investing sooner, 5% Net ROI on a 3 bed semi house based on my cash left in. Cons: will leave me tighter than im used to cash wise, not sure a 5 year fixed mortage is a good idea right now? would prefer 2 years, i am emotionally attached to the house so worried i might be looking at it with rose tinted specticles, Current market conditions high risk? would it be wiser to cash out with option 2 now and wait. Option 2 Sell my Residential, by the new house and bank £85K to then go on and purchase either 1 larger or 2 small BTL properties somewhere at a later date once the economy is slightly more certain, negative to this is lost potential income and growth in the time it will take me on the addition transactions. i suppose the question on option 2 is with the 85K left over could i get a better investment or investments that give me a higher net ROI than 5% and higher net cash flow than £272 PM. Pros: More cash avaiable after move for light refurb on new home and or seperate BTL purchases, Cash out in uncertain times, less risk? Cons: Lost oppurtunity?, more fees, more transactions, taking longer to start investment journey, is there a better investment? I apprecate its a messy question with a few different layers but if anyone can unpack it and give me some feedback and opinions i would really appreciate it. Kind Regards,
  2. Hi Hubbers First post- happy to be an official Hubber :-) Can anyone recommend any good independant BTL mortgage advisors in Scotland? Thanks Duncan
  3. My Father recently passed away and has left his 6 BTL properties to my Mum. Some of these are unencumbered and others have high interest rates. We would like to transfer these to mine and my Brother's company and pay my Mum a wage from the rent. With the obvious cost of CGT and Stamp Duty will we have to purchase the properties? If so can she 'gift' us the deposit without physically transferring us the money i.e. buying the property at a 25% discount? I'm on the waiting list for Property Hub Tax but if anyone has some useful advise I'd greatly appreciate it. Thanks Laurie
  4. Hi there! Just wanted to know whether we are missing something obvious!? Or if someone else is asking this same question? With BTL mortgage borrowing rates at 3.4% in a Limited Company, how is leveraging favourable inside a Ltd company? Compared to 1.4% rates on a personal BTL mortgage? Mortgage rates are significantly different (higher) for Ltd Companies so affects the ability to build a portfolio with basic leveraging? Any insight / thoughts / strategies / lender recommendations would be fabulous! Thank you
  5. Hi everybody! My husband and I are looking to get a BTL in Scotland (we have some contacts there). We're not homeowners and are wondering what's the best to do, buying through a joint personal mortgage or through a limited company. Our mortgage broker said that possibilities are very limited for us buying through a ltd, plus interest rate will be higher. Our idea is to build a small portfolio. Would it make sense to start with one property on a joint personal mortgage and see how things go? It looks that is more expensive to start with a limited company. I guess the problem would be that later we would have to sell this property to our limited company if we change mind in the future. Any advice from your side? Any recommendation for an accountant in London for a 1off consultation? What's a fair price for this kind of consultation? Thanks in advance to everybody! Teresa
  6. Hi, I’m starting my BTL journey and want to understand how everyone goes about assessing multiple BTL opportunities. Some people seem to work on a 7%+ gross yield basis, while others drill down into net ROI which gets pretty complex when comparing lots of properties. What’s the best approach? How do you assess your investments? Thanks folks
  7. Hi, I am looking for reputable Sourcers who operates in South Wales area. I am looking to invest using the BRR model. If you know of any Sourcers or perhaps know someone who used one please DM me. Thank you Michael
  8. Hello, I am buying a BTL property through a Ltd company. I have the mortgage offer accepted. The lender wants a fixed & floating charge on the company and any future properties bought by the company. Will this be a problem when I want to buy a second property through the Ltd company. The solicitor said this is a standard procedure, but also said there may be a problem when I want to buy a second property. If anybody has any thoughts on this please could you share it. I want to understand what I am getting into. Regards Suhu
  9. amnonk

    HMO vs. BTL

    Hi, I'm new here and this is my first topic. I'm trying to make up my mind which way to go. The HMO way or the single lets way. I'm an expat so I won't be able to manage the property on my own. Since I will have to rely on an agent I think that investing in HMOs might be a safer bet. the reasons are: Rental yields are much higher. Less rental voids since you have multiple tenants. There is less exposure to arrears. The only cons I can find are that it might be more difficult to find an agent who specializes in HMOs. And that there is more wear and tear. I'd love to hear what your thoughts. Thanks
  10. Hi All, I listened to today's podcast and thought it was interesting to hear Rob say that he believes there will be a crash or correction to the property market in the next 18months! This does not follow the 18 yr property cycle theory. What are people's thoughts on this??? Should we hold back on investing further at the end of the year? Interesting...
  11. Hi - I'm Jack, although lots of people know me as Brum - whatever you prefer is best! I have been to a meet up in Manchester and thought that this would help plug the void between contact at events - and enable me to access a number of other people who could help me in my property journey. I found my way here through the podcasts, which I have listened to religiously for a good while now, and made my way through the back catalogue in my long drives up and down the country... this is the first forum I have been a part of so I dont know the manners, so apologies if I make mistakes, just let me know and I'm happy to play by the rules. What you've done in property so far Helped a few renovation projects for friends and family Owned my own house for a number of years and let a room out What areas you invest in (or want to invest in) Looking in the north around established hubs Manchester/Liverpool/Sheffield/Hull/Leeds/York A mix of simple BTL's on houses or Apartments - potentially also looking at LHA to begin with to help with cashflow What your plans are for the future I'm in it as a retirement investment strategy alongside a few other investments Ideally I want to get my cashflow to a level matching my expenses, continue to work and then develop into capital growth markets over 15/20 years I am interested in flipping and also plan on doing some of this if the property is suitable Any skills or knowledge you've got that other members might benefit from I have been in commercial insurance as a senior manager/executive for a number of years and I'm an expert in insurance across a number of industry sectors I am from the Midlands and have good local knowledge of the area - in particular Walsall Wood/Sutton Coldfield/Litchfield I have lived in Manchester for 5 years and have good knowledge of Northeast Manchester near the Etihad/Failsworth/Moston/Ancoats I have a number of reliable tradespeople in my network I phave a netwrok with access to mobile cranes/skips and other machinary in Lancashire Hope to get the chance to catch up with more people soon Best, Brum
  12. Hey guys, just thinking it would be great to connect with you all on instagram. Its a much bigger platform now with great content posted constantly from some very experienced investors Anyway my username is unsurprisingly: Leenorthrop Connect and I will follow
  13. Hi, I’m looking to gift one of my personally owned BTL properties to my wife in order to benefit from her lower tax bracket. I’ve read that property can be gifted by either (1) legal ownership change or (2) beneficial interest change – the main difference between the two that beneficial ownership gives an economic interest in the property (i.e. share in: rent proceeds/ sale proceeds/ tax benefits) but no legal ownership & control. Has anyone gone through this process? Any advice on how difficult/straightforward it is? Cheers
  14. Hi All, I'll be heading up to visit Liverpool at the end of the month to get a feel for the place and view some properties. Im looking to get my first BTL here and I'd enjoy the chance to meet a local and talk about the city, its pros and cons, and what opportunities to look for over a coffee/ lunch. If anyone is around, please get in touch! Best regards, Alex
  15. My sister and I are in the process of purchasing our 1st property through our Ltd co, a 2 bed flat in Liverpool city centre close to the Liverpool Waters area. The deposit was paid on this, off plan, last year and it is due to complete in 6 weeks. We used a mortgage broker who was highly recommended on this site who submitted a mortgage application which was declined. We have been advised that any further applications are also likey to be declined and he has recommended that we withdraw from the purchase of this property. The main reasons cited were that it is an investor area wich would limit the re-saleability of the property and that there are a high number of developments in the area with many more planned. The developer is also offering a 7% net rent return scheme which the broker advised is further reducing the lenders available to us. Having done our research on what we thought was a good investment, we were shocked to hear this. Has this happened to any of you before? What are our options now? Is this scaremongering from an overly cautious (but experienced) mortgage broker or do we heed his advise? Many thanks if you have read to the end. We would really appreciate your views and advice.
  16. Hey everyone. I'm new to the forum but have heard great things from other folk. So I have a residential property where I currently stay and I have a company with 2 BTL flats. I now need to move out of my current residential, buy another one, but keep my existing residential for my parents. I'm trying to understand who should purchase my second residential property, as I plan to stay in it for a few years then convert it to a BTL, when we move to another bigger place in the future. We have the dreaded 4% extra stamp duty up here in Scotland which really sucks. My plan was for me to to buy the new second residential in me and my wife's name but we are both high rate tax payers and when we switch it to a BTL in a few years, we will get taxed heavily on the income. If I sell it to my company in a few years time, the company will be hit with the 4% I think. So do you recommend that I buy the new residential in my Ltd company, if I plan to rent it out in the near future anyway? And if this is the case, do I need to rent it off my company? My accountant is not the best and actually recommended I ask on this forum for any tips lol! Thanks in advance for anyone taking the time to reply
  17. My mother owns her own home outright which is worth about 110K. We are looking to invest in BTL together and have 60K capital between us; how do we go about releasing the equity in my mother's home so we can use the capital to cash-purchase a BTL property? Any advice greatly appreciated!
  18. Hi All, In the middle of remortgaging my BTL and the broker came back to me staying he could get me 33K Additional borrowing with the Life time variable rate or 40K+ with a 5 Year fixed. (FYI 40K additional would still leave me around 30% LTV). Why would banks be willing to lend more on the 5 year fixed vs the Variable rate and what are the drawbacks from this vs each other. Thanks Eamon
  19. LendInvest is launching a range of buy-to-let loans aimed at professional landlords and investors. The specialist lender, which to now has focused on bridging and development loans, says these new BTL mortgages will be “competitively priced” and include two-, three- and five-year fixes. Rates start at 3.69 per cent for a two-year fix at 60 per cent LTV. The firm will offer loans of between £50,000 and £5m, up to a maximum LTV of 80 per cent. “Offering BTL loans is a critical strategic step that not only serves to addresses a funding shortage, but takes us close to our long-term ambition of becoming a leading whole-of-market mortgage lender.” Just looked on their website and “There is no limit on the number of properties held or mortgaged by a portfolio landlord with other lenders. Properties owned abroad will not be included within the portfolio calculations.” Great news for portfolio landlords who would like more options. Wanted a detailed quote based on your circumstances: Neil@assuredfunding.co.uk
  20. Hello All, I am currently purchasing my first BTL so whilst this process is going on I thought I would look in other areas of the country to invest in. I was wondering if anyone on here has had any experience in purchasing a BTL in Sheffield. I have done a little bit of research myself and possibly the post code S2 fits my criteria. If anyone could give me more info on this area or Sheffield in general it would be much appreciated. I am looking for a 2-3 bed house for about 100-110k. Kind regards, Jay
  21. Hi everyone, Would appreciate your expert advice please. I need to remortgage two properties. One which is held in my personal name and another which is held in my limited company. A factor in mortgage rates is if they have an upfront fee and how much it is. I'm looking to understand if mortgage upfront fees are tax deductible as an expense for: 1) BTL mortgages held in personal name 2) Limited company BTL mortgages Can anyone help with this? Additionally, would be great if you could also point me to the government literature / webpage which details the policy surrounding this. Thanks a million! Darren
  22. My first post on here.... I'm looking for High Yield BTL's 8%+ I live in Leicester, which has low Yields, even in the cheaper area's of the city (Narborough Road etc) Nottingham has been my next step after listening to the Podcasts but I cannot seem to find any High Yield Property Has anyone got any suggestions? I would like to self-manage, but I am open to having my property managed if the numbers stack up. Also I am open to buying property in other locations but would like them within 1-2 hours of Leicester Appreciate your feedback PS. I do have experience over the years of managing property... upto 30 properties at a time including HMO's before a licence was needed
  23. Hi all, Very new to the world of property investment and even newer to Property Hub. What areas around Liverpool and the Greater Manchester areas would you recommend for strong yielding BTL houses or flats. Full Market Value of the properties would be anywhere between £80,000 - £110,000 (flexible either direction), would be looking to buy the properties BMV and refurb accordingly. Capital Growth potential on the properties would be ideal but not of utmost importance from the outset. I realise it is a big net I'm casting here but any advice/comments would be greatly appreciated from you guys and gals. Kind regards, Ian
  24. Hi all, Firstly my apologies for not posting anywhere near as much as I should! It is renewal time for my BTL, and I am torn between fixing in between 2 and 5 years. The two options provided by my mortgage broker makes the 2 year (2.19%) cheaper by £376 over the first 2 years, however I am swinging toward the 5 year (2.44%) for the peace of mind over the next 5 years whilst we deal with an potential fall or from the B word, whatever that may be... Appreciate everyone’s circumstances are different, but would love to hear what sort of length terms people have been, are, and are planning on going for on their recent deals Many thanks
×