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Found 25 results

  1. Hey Can anyone recommend a software program that will allow me to me to measure how my business and property portfolio is doing? I'd really like it to measure both things in one program (general business performance, and portfolio performance) and it's vital that it will allow me to forecast/test the effect that potential purchases would have. I'd love to - Be able to test what happens to my business cashflow if I buy/remortgage specific properties at a specific points in the year. Compare the performance of two possible purchases to see which is likely to perform
  2. Hi, My girlfriend bought a flat through builder scheme 10 years ago, where the builder owns 25% shared equity. It was an no interest 10 year loan incentive. My partner is not working and so she can't remortgage the property to pay off shared equity. On the other side I have enough cash and that could buy that shared equity, but I have 2 questions: A ) How much does it cost to transfer the equity to my name? B ) I plan to buy my first home next year on mortgage and as I know, one does not pay stamp duty if it is my first and main home. Would this shared equity ownership affect me
  3. My long term girlfriend and I have been looking for a route onto the housing ladder. My girlfriend’s Dad owns a commercial premises on which he runs a profitable laundrette from. He also owns the freehold to the first floor which has separate access and is currently being run as a 3 bedroom HMO. Long story short, the property is well suited for a loft conversion / extension, next door have already done this a few years ago. My girlfriend’s Dad has agreed to “gift” us ownership of the proposed 2nd self contained flat should we fund the works. The works would comprise a small ground
  4. Hi all, My sister current has a property with a decent amount of equity in it and is considering passing some of that equity over to me to start my Property portfolio. Is the equity taken out locked for the original mortgage/home owner or can it be passed as cash to someone else, i.e myself? If its the former, I assume the only way for me to access that equity and start my Property portfolio would be to apply for a joint mortgage with my sister. Any help would be much appreciated!
  5. My partner had a £80k property bought out right for him in his name. We are both earning decent enough money in order to have a mortgage of around £250k however, have very little savings for a deposit. We have £0 dept. I understand this is a fortunate position to be in but would like to make more of the position we’re in - I just do not understand how best to do it. 1. Could I qualify for “first time buyer” if his name is on said potential new mortgage? 2. Without selling the £80k property but renting it out (1 bed flat) - Could the current property equity be used for deposit? If s
  6. Hi PropertyHubbers, I'm new here and wanted to say hi. A short summary of my situation: I'm currently living abroad and own a property on the outskirts of London. Thinking of moving back to London in the summer and weighing up possible strategies that would enable me to work part-time and focus on property investment/trading the rest of the time. There seems to be a lot of knowledgable members on here and I would be keen to listen to any advice that might help. Initially, I was thinking about focusing my time on flipping property and then reinvesting profit into BTLs (I appreci
  7. Hey all, Can anyone clarify how Yield, Equity & ROI should be calculated when following a Buy, Refurbish, Refinance strategy? Most online resources only discuss these in terms of purchasing a property and letting it out / selling it, rather than refinancing it. I want to make sure my metrics are comparable with everyone else's! Theoretical BRR Scenario: I buy a property for £120k using a bridging loan and a deposit of £48k I spend 6 months renovating it, with the finance costs & renovation totaling £25k I then refinance onto a BTL mortgage with the property valued by
  8. 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!
  9. Hi all, My name is Cosmin and I start the journey of investing by buying a small 2 bedrooms house in Leamington Spa (50 m2). It was the house I was renting so I thought it was a good idea to have it until I'm saving enough to move to a bigger house (the one where you raise your children and live for the rest of your life). At the moment the house can accept some big upgrades: heating / bathroom / an extension (around 10 m2 ground level only ) I have 10% equity at the moment. I know I need to have around 25% of it to be able to move the mortgage to BTL
  10. Hey Fellow Hubbers! So my property in Sheffield is coming up for remortgage now and I am trying to decide whether a 2yr or 5yr is best. This is my first property and the first remortgage, so just interested in what people normally do. I know it depends on your goals, and for me, it’s maximise cashflow and pull out as much equity as possible to reinvest. I do like the idea of knowing what I will pay for the next 5 years but as I am only at the beginning of my property journey feel I need to be a bit more aggressive and recycle my deposit to get that snowballing rolling. So my thought
  11. Hi, any insights would be much appreciated: I own a house jointly with a friend, the fixed term is due to end at the end of October. My friend will be buying me out and I should have about 22k My partner owns a house with her friend, which is currently for sale, she should get around 120k We are looking to buy a place together (~290), with 90% ltv, however we need to put an offer in asap (this week) Is there anyway we could access our properties equity now (given that they are for sale) to use as a deposit for the new purchase? We would only need around 45k total released (deposi
  12. Hello Everyone, I am the midst of my strategy formation before jumping into my next property venture. I had a question regarding the finer details of refinancing options... I imagine the general advice may be "speak to your tax accountant / mortage broker", which ultimately is the plan - I'm just trying to get vaguely informed before I enter that discussion. I am aware that this has turned into a bit of a lengthy post... any help or advice would be fantastic! Quick Background: I currently live in a 2 bed flat which I have renovated and own outright. The second ro
  13. Hi, I'm new to property investing and would appreciate some advice, accidentally fell into property 9 years ago not knowing anything, I have two joint mortgages (1 btl and 1 residential which my mum resides in, mortgage term ends in 6years). Sold another property in 2013 (didn't reinvest). I am currently renting where I live now in London (2 bed maisonette) and in Sept would renew the rental contract, I approached the managing agent to ask if the landlord would be interested in selling or proposed a rent to buy option over the next 1-2 years. The next day the agent called and came
  14. Hi all, My husband and I are looking to remortgage at the end of June when our two-year fixed term runs out. We also want to take equity out of the house (roughly £40k) to buy our first buy to let property. Is it better (i.e cheaper and easier) to take out the equity at the same time of remortgaging or to do it later? Does the timing make a difference in how much we'll have to pay back? Your thoughts appreciated. Thanks
  15. Hi, I won't pretend this is an easy enquiry, and I suspect I'll be needing some tax/mortgage advise from a professional, so if anybody knows a good one in the Scottish Central Belt (ideally Glasgow) area, it'd be much appreciated. I currently have a property I let with my brother (£80k at 75% LTV). I currently have a property I live in with my wife (£98k with 60% LTV remaining). I want to refinance the property I live in as BTL and remove equity up to 75% LTV. I want to take this money and combine it with other money to buy a new residential property with m
  16. Hi everyone, I was hoping someone could give me some pointers in regard to equity release. I don't have a deposit to get started on my quest for financial independence through property. My mum owns her home with no mortgage and is considering either transferring it to my brother and I as we will inherit it in the future anyway and this means i could mortgage against it for a deposit; or would it be better for her to get a mortgage herself and loan me the money ( I pay the mortgage back for her). I know there will be Stamp Duty implications with option one but option 2 relies on my mum who is
  17. Hi all, I have my own house and I want to release some equity to do my first BTL. I just wanted some advice as to what order do I do things. I know I need to apply for further lending, Find a BTL mortgage, Find a property. What order do people usually do things in? I don't want to apply for further lending and then have to pay a higher repayment for the mortgage on my residential home until I can put it on deposit. I don't want to put an offer in without any money at all! Any advice? Dafydd
  18. Hi Folks, So for those of you who are keeping up with me, you'll know I'm searching all ways of building up my capital to start my own portfolio, so here's my next potential scheme, that I'd like your advice on please! So me and my partner are looking at getting our first home in the next 8 months, looking to get settled and secure before investing. The original plan was to find a nice house that's ready to live in, however! Now I'm learning more and more about property, my thoughts are as follows; could we, buy a BMV home, refurbish it, settle in for a year maybe two then address any furth
  19. Hi, I'm wanting to release the equity in my residential property in order to buy and flip another property and am wondering what my options are and what would be the quickest route to getting my hands on the cash! My residential property is currently unmortgaged and worth around £280k. I also have around £100k in cash. I'd be hoping to get around 75% of the value of the property, so let's say £200k. I'm planning on speaking to a broker/adviser but was hoping to get my head around the options first. Any help would be appreciated. Thanks, Mark
  20. Hi All, I've got a quick and (at the moment) largely hypothetical question. At some stage in the future, my Mum has suggested that she'd like to change ownership of her home into the names of her children (me and my brother). It avoids any challenges when the time comes, etc. So that's that. My question then is: Would the banks accept a request for equity release given that there is a non-paying tenant, or even take that property into account when mortgaging against other properties? It's unlikely it could count as BTL (without a payment of sorts anyway), but I'm curious to kno
  21. Hi everyone!! I have recently started working at a property/investment/finance company and am eager to share my knowledge on the these topics, join conversations and learn some new stuff from other members!! Hope to contribute a bit more across the forum in the future :-)
  22. Hi, I'm a first time buyer. I'm looking for a property below market value I can add some value to through rennovation, nothing serious. I've seen a property which is around 30% below market value. (Confirmed prices with sales of 2 properties next to it). I believe I can rennovate it with 10% of the total value once complete. Meaning I can add 20% equity without too much trouble. I'm sure there are many many reasons why this is difficult to do, but if theres any possibility of how this can be done I'd be grateful to know it. Heres what I'd like to do. Buy the property w
  23. Hello, I am currently renting with my partner and we would like to get our first house together but we are far from a reasonable deposit. My parents have paid off their mortgage and I expect their house to have increased a lot in value since they purchased it. Is there any way we can use equity from their house as a deposit for ours? If so will we later be able to use equity from our new house to buy an investment property? I have only just started learning about the industry so please excuse any naivety. All suggestions appreciated. Matt
  24. Hi all, So have have been listening to TPP since joining this forum, currently up to TPP043 since late May, so averaging around 10 per week Since listening, I have had a full change of mindset around my financial life (with Rob and Rob with added assistance of Pete Matthew - meaningful money), I think you very much for this! Working off a clear monthly budget and paying myself first! I currently have a large amount of money locked away in my main residential repayment mortgage and my property in the last 2 years has increased in value by around 10%, I'm looking to take some money
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