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  1. Hi All, I've been listening to R&R for a couple of years now but first time on this forum. Hopefully I can get some help. I live in London in rented accommodation and have just bought my first property £65k) in Scotland through a limited company set up with a friend. I'm concerned that by purchasing this property I may now be impacted by the new stamp duty surcharge of 3% when it comes to buy a property for me to live in. Assuming this will be in London would mean that it would cost me a min of £10-15k in tax which would spoil the benefits of my limited company investment.
  2. Hi fellow property guru's, Newbie here looking for some advice. I'm looking at setting up a SPV Ltd company to invest in some properties, initially I'm looking to flip a few and then build a BTL portfolio. My question is; If I purchase a property under a Ltd Co and personally do not own a property in my name (never have), then later purchase my first property in my own name to live in. Would I still be classed as a first time buyer and get the Stamp Duty (SDLT) Relief on my personal property? Eager to find an answer to this so I can begin my property journey... Thanks in
  3. Morning everyone, I have been stumped for a very long time in this and would appreciate some experienced advice ..... I have always wanted to invest in real estate. It is my dream to build a portfolio. Although I have 1 giant hurdle ...surely somebody else has been through something similar. I work as crew on a superyacht ... so I live on a boat year round.... I have absolutely no need for a residential home in UK as it would just be a big expense, and when I'm home I visit family ........ I earn a USD salary which is paid directly into a UK bank accou
  4. Morning all Just wanted to ask for some advice off anyone who is a few steps in front of me or is where I want to be. I am a 20 year old electrician and have been studying about property investment/ development for about a year or two simply just reading books, articles, forums you tube videos etc... My best pal and I (who is also and electrician) have decided to partner up on our property investment journey as we both have very similar if not the same goals relating to where we want to be and also feel that we would work very well with each other. We both live in Caterham surrey and betw
  5. Hello all, I hope I've posted this question in the right place. An exciting opportunity has arisen for me to purchase a property with a friend. We currently rent a flat in London but my friend is fortunate enough to have a significant amount of money to invest. I am not quite so fortunate and would need to obtain a mortgage. We are both first time buyers and my questions are as follows.. Does this type of mortgage exist? Would the availability of 70% cash of the property value count towards the deposit of my mortgage or would I need have my own deposit ie 10% of the amount bo
  6. Morning all Just wanted to ask for some advice off anyone who is a few steps in front of me or is where I want to be. I am a 20 year old electrician and have been studying about property investment/ development for about a year or two simply just reading books, articles, forums you tube videos etc... My best pal and I (who is also and electrician) have decided to partner up on our property investment journey as we both have very similar if not the same goals relating to where we want to be and also feel that we would work very well with each other. We both live in Caterham surrey and betw
  7. Hello Hubbers, This is week three in my journey into property investment, I have always had an interest in property but that was more towards finding a perfect forever home. After doing some digging and thankfully coming across Rob & Rob's podcast and subsequently The Property Hub it has really lit the proverbial fire into what will become a successful venture in the future. I currently reside in Herefordshire, as the title suggests, with my family so that is ideally where I would like to start my investment portfolio and eventually search further a field after getting my feet w
  8. Hello property hub! I've been listening to the podcasts and reading the magazines for a couple of months now, and was going to delay posting until I'd actually taken the plunge into investing. I'm yet to buy my first property, and for the last few years my partner and I have been living in rented properties. We moved to a house that was so expensive it basically gave me an epiphany, and we about soon to be moving into a very small flat after selling all our lovely furniture (it's too big). This should allow us to live on only one wage and use the other wage to quickly a
  9. Hi All, I am looking to purchase my first property as a BTL through an SPV. Do I retain my first time buyer rights as an individual? I've had conflicting advice/opinion from my mortgage broker and legal professionals. I know that within an SPV you have no choice but to pay the higher rate stamp duty, so does this have any baring?
  10. Hi All My name is Jonathan and i'm a first time buyer. Although i've been living in London for almost 9 years, london i thought that it was about time that i'll set out some plans to get a property for investment up north. it seems that i'm getting a bit of the 'analysis paralysis" syndrome as the more i read the less im sure about an area. for example, opening zoopla / rightmove on both rental to check the supply, quality and prices against the asking prices in Manchester for example it's hard not to notice that in many areas such as M14 there are an incredible amounts of prope
  11. My partner and I (both 30 years old) have some savings and are looking to start investing in property for the long term cash flow to eventually replace our income. We currently own no property and are tenants ourselves. We want to skip buying our own house and get straight into investing. Q1) would we still benefit from First Time Buyer stamp duty deductions if we were to; A) buy to let? B ) buy through a limited company? Q2) I’m assuming we would need a first time buyer, first time landlord mortgage - can we get th
  12. Hi All, Sorry for the long post. I'm totally new to this and was hoping to gain advice from you all, so any wisdom imparted would be sincerely appreciated. I'm interested in beginning my property investment journey after gaining much confidence from the contents on this wonderful site. I'm from Birmingham but live and work in London. Initially, I was looking for a high yielding B2L property in somewhere like Sheffield or Nottingham, to potentially net between £500 - £1,000 per month cashflow to generate some passive income. As a newbie, I want a hands off approach, interested in mode
  13. Hi i want to purchase my first BTL property. I spoke with a mortgage broker and he said i will be best of waiting till i am 21 due to lack of lenders, my income is terrible but i have the deposit and my mother has a house she owns and will go guarantor, her income also isn't great around 14k a year. I am hoping the owning of a house may improve the situation... Will it? (My mothers house is around 240k and the house i am looking at for my first BTL purchase is around 60, i don't know if this makes a difference) Any help? or good mortgage broker suggestions? Thanks a bunch in advance.
  14. Hi all My name is Luke, and I am a new member to this website. Having looked through the great advice available I thought that it would be a good idea to sign up. I hope that everybody is well! To start off I have a questions below, and I would welcome advice. I am looking to purchase property to renovate and sell. I have been researching the various different business structures that I could use to purchase property through. It seems apparent to me that a Ltd company (‘LC’) is going to be the best business structure; the 17% CT rate, for the Financial Year beginning 1 April
  15. Hi, I am happy to have discovered thia forum as I can see there are so many people with vast experience and knowledge and willing to help. And boy do i need both ! I am newly separated and beacuse my ex and i were not married he is keeping the flat and i am getting nothing. He bought the flat in SW London just few months before we met. For past 13 years i have invested in it, paid bills and mortgage (fully paid off now). And we even have a child together. But that all means nothing in UK unless you are married. I have gotten legal advice and could take him to
  16. Hi all, I am looking to get started in the buy to let industry! I currently still live at home and have saved up enough money to buy a buy to let property in my area. As I am looking to run this as a LTD company as I am in the 40% tax bracket, I was wondering if this was possible to get a mortgage as I do not have a residential mortgage. I have a good credit score and my earnings are enough to be above the majority of minimum salary requirements for buy to let mortgages. I am also looking to move out in the next few years, from my understanding the benefits of owni
  17. Hi everyone, I am currently trying to develop my strategy to begin my property investment future. I currently live in a 2 bedroom council house based in North London. The market value of the house is approx £590k. I am currently eligible for a discount of up to £106k under the right to buy legislation. I'm wondering what would be the best first move in the property game.. As I am a council tenant, I'm not sure how the process works when it comes to me getting on the property ladder. is it best to register as a limited company and begin building a portfolio
  18. Hi everyone, first time poster here! I'm looking for some advice. I'm a first time buyer looking at buying a 2 bed flat in Chorlton, quite a nice area in Manchester. I'm pretty set on location and 2 bed rather than 1. Houses and new build flats are really expensive (£250+) so looking at older build flats. Got a 18K deposit that I've been saving for, and an agreement in principle from a mortgage broker, as well as looking at solicitors at the moment. I've seen a flat I like, really good location and size, although it needs some work (mainly aesthetic, around the £10K mar
  19. Hi All I’m currently an expat in the Bahamas looking for a mortgage broker and some advice. I’m a first time buyer with no current investments so new to the market. I earn a great tax free salary (circa 100k) and have a bit north of 50k in savings. If if anyone has any advice on where to start, the best properties to be looking at as a first time buyer and what financing options are available it’d be greatly appreciated. Thanks Ryan
  20. Hi everyone, first time on here. Been struggling so thought I would go to the forum. I work in the US, self employed, and want to get in to the property market back home as my accomodation over here is covered by the company I work for. I earn a great wage, +£100k, have £25k saved but because of all of the above, I am struggling to find a lender. I originally wanted to buy a 100k flat in Leicester but this falls below minimum lending for alot of lenders?! Can anyone recommend a broker to help? If I were to become a ltd company would this affect this in any way? Any help/advice wou
  21. Hi Everyone, My name is Monica, I came across a free Workshop from Rich Dad, Poor Dad, where they talked about real estate investing and since then I've been really interested in this idea. I started to research on this topic, bought some books, listened to podcasts and videos, but there is still so much to learn ... I understand the concept of a property as a liability vs asset but i have this dilemma : I am a first time buyer, should buy to let be the best first step? I live with my partner and we are renting at the moment, we are both first time buyers so shou
  22. Hi my name is Paul and I am 26 living in Sheffield. My interest in property started after reading 'Money for nothing and my property for free' about 4 years ago. Since then I have been working on securing a decent reliable income so that I can lend money to buy (previously survived on money made from poker which the banks obviously don't like). It's been a long slow process but I am now a qualified mental health nurse eager to get started. I was recommended the property hub about 5 months ago (weirdly whilst playing poker lol) and have been listening to the podcasts regularly ever since.
  23. Hi, Can anyone advise me on the following SDLT i would pay on the below property as a first time buyer who is buying a Buy-to-let property. Purchase Price - 117,000GBP Buy-to-let property Leasehold flat Off plan property - Complete June 2018 Thanks, Eamon
  24. Hi, Can anyone advise me on the following SDLT i would pay on the below property as a first time buyer who is buying a Buy-to-let property. Purchase Price - 117,000GBP Buy-to-let property Leasehold flat Off plan property - Complete June 2018 Thanks, Eamon
  25. Hello there I am a 19 years old and live in a small town in Hertfordshire. I have set myself a goal of at least being in the process of buying my first investment property before the end of the year. I currently live at home would not be able to afford a property around where I am to live in and potentially rent out additional rooms so I will be looking for a house in the cheaper ares of England, such as, hull and Bradford. Does anyone have any tips for a first time buy to let investor (given my age)? despite only being 19, I have been an estate agent for 2 years so kn
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