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Found 14 results

  1. Hello, just want to know if anyone has done or thoroughly researched this? Long story short, I've got a couple of friends /Family that are wanting to learn more about what I do in property. Mainly because they want to earn some money, but I'm wary that a full 50/50 venture could be difficult. What I'm proposing is that I simply give them interest on a loan they give me that I use towards a deposit for a property purchase. The property would be solely in my name, I would just simply keep them informed of everything I do with the property for the first couple of years so it
  2. Hi I am new here. I am a very small time landlord, we have just one BTL property in London. My daughter is a student in Manchester and as she seems likely to stay on for an MA I am thinking about making use of some money my mother has given me as the deposit for a property for her (daughter) to live in plus one or two friends paying rent. So I put this to my current lender today and they said they didn’t offer mortgages on such a basis as it’s a “family let” and therefore considered higher risk. My questions are: 1. Is this going to be the answer I get from every lender I con
  3. Hello everyone! I want to invest in property, but am at the early stages where I'm reading lots of books and learning learning learning! There are many black holes and areas I'm unsure of which I'm trying to work my way through. I'll make sure I post my other questions as seperate topics, so not to get too complicated and cluttered on one post! So, I want to set up a Limited Company and rent my first property to my mother. She's rented for years and I've seen what she does (she never stops decorating!) so not only will my mum have a landlord that actually cares (her cur
  4. Hi, I Hope everyone is doing well! Im new to this community and i was hoping to gather some priceless advice from you Guys! Im completely new to the property adventure and i was hoping if you guys could answer a few of my questions. Five of my family members (including myself) are looking into investing in a property together, prefebly a BTL. Now as none of us currently own a property i want to find out what our best option is. 1. Would it be a better idea to form a ltd company as there is 5 of us and take out a BTL mortgage under the
  5. Hello all I would love your views on my situation: My mother was a full time carer for my dad. When he passed away she needed to go on Housing Benefits in order to rent a house in Rochdale (she gets roughly £360 a month HB then puts £160 of her own money in leaving her with what is left of her Pension). Her landlord has been terrible. A leak in her kitchen that he ignored for years resulted in the roof collapsing (while She was in there), her blown windows were not replaced for 6 years so she was living in darkness all that time, he's never done a gas safety check (yes,
  6. My Mother is looking to sell one of her properties and asked if I was interested in buying it. On the surface, the deal looks pretty good and I am purchasing through my limited company. The main part of my question is - is there any way to structure the deal, to maximise the tax efficiency of this? The sorts of things I am thinking are; Paying in instalments to reduce her capital gain tax or make better use of the allowance Any ways to transfer property between family members. Different stamp duty rules for certain purchase options. Any tips for anyo
  7. Hi everyone - I'm Bianca from London. To be honest I haven't really done anything yet in the way of investing, just getting life back on track after having a little cutie (first and last)! But I've always wanted to own a portfolio, and have just about enough for a deposit on a very small property, somewhere more North, like Leeds or Liverpool. So now the nerves come in: I guess reading and thinking and planning don't really prepare you for this! My aim in joining is to get some of the more practical advice and skills, so that hopefully I can be of some use to a future
  8. Evening, My mother, my wife and I have been discussing ways to start a property company. We will each put in the same amount of money to start it. Our desire is to structure the company to reduce future exposure to Inheritance tax. Is it possible to set up a company where my mother would be a controlling director but only have a minimal, say 2% owning share of the company so that her value is reduced but her influence within the company is not. I'm sure Rob has talked about something similar in the past but I cannot find reference to it. I would like help if
  9. Hi Guys, Am pretty new to the hub and had a quick question with regards to JV's. I do not tick many of the boxes to get a buy to let mortgage, being 20 years old, earning under 25K and not being a homeowner. However, I am looking at the possibility of a JV with my mum as she does tick all of the boxes, I would most likely only have a 25%-33% stake if I did this however. Firstly, I would be interested in opinions on a joint mortgages in this situation, would it be possible to get one, or would I present too much of a liability to get one approved? I
  10. 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
  11. Hello, I am refurbishing a house to be ready to be marketed by mid-July. This is a 4 bedroom end terrace home ideal for a family of which I intend to let unfurnished. It is an ex-local authority property. I want it to stand out and make it desirable and ideally fetch a healthy monthly rent. My questions to all you existing landlords are as follow: 1. Do you stage your properties for rental? 2. if yes - how much furniture to you stage the house with? 3. If yes do you have a company stage it for you (rent furniture for a few weeks?)? Do you buy the furniture and bring them ar
  12. Hi folks Just dropping-by to say "hi" and introduce myself, I've come here via the excellent podcast (after browsing Itunes for Property Development Podcasts) I trained as an architect and have been working in the industry now for 5-6 years or so... Lots of experience with planning approvals, project development, pricing, technical specifications etc... and plenty of on-site experience too, but never for myself (typical eh?) I've completed projects for friends in the past and remain on good terms with all my former clients, and have managed to realise incredible wealth and value f
  13. My nephew has just started his PhD I England and needs to find accommodation for the next 3 years. My mother is 80 and has cashed i some shares from when my father passed away but it is sitting in a bank earning almost no interest. I live abroad Europe on a good salary, and have just started a seemingly successful student buy-to-let portfolio where I live. I also have my old home in the UK with the mortgage fully paid off letting to DSS family , as I am unable to get an HMO license from the local council, due to living abroad. This property has a value similar to the amount I would consider sp
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