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  1. Hi I am looking to release equity on my first rental property (currently mortgage free) to fund 1-2 new rental properties. I am looking for a trusted mortgage broker to find deals first for the equity release and then new BTL mortgage for the new properties. I am in Glasgow if that matters. Thank you
  2. Hi there, we are looking to purchase a buy-to-let in Glasgow. My partner is from there and his sons live there. We have a few buy-to-lets in Nottingham, but our broker does not understand the Scottish system and the lenders he uses with don't work with freehold flats - this is much more common in Scotland than it is down south where flats tend to be leasehold. Can anyone recommend a broker in Glasgow? Thanks in advance, any help would be much appreciated.
  3. Hello! I've never used a property sourcing company i was wondering if someone could give me some info on how to find them, work with them and figure out what the usual fees involved are ? I am interested in sourcing property in Leeds and potentially Liverpool and Glasgow. Any help is much appreciated. Thanks!
  4. Hi there, I was thinking of buying a flat in Glasgow for the sole purpose to holiday let. Would this be as profitable as I think it would or is it a silly idea? If so is there any hidden costs/legislation that would make this difficult? Cheers
  5. Im interested in finding a property sourcer/finder in East Kilbride, Scotland? We are a new LTD company purchasing BTL investments in the area. What are the finders fees?
  6. Hi Everyone, Does anyone in the Glasgow area have any recommendations for FHL managers/cleaners? Thinking small, independent companies/individuals/teams that care and will engage promptly. Feel like I am losing a fair bit of control with current provider and with the level of saturation in the market and political uncertainty, I need a fresh approach! Feel free to message me with recommendations/thoughts. Kind regards Kirsteen
  7. Hi Everyone, Does anyone in the Glasgow area have any recommendations for FHL managers/cleaners? Thinking small, independent companies/individuals/teams that care and will engage promptly. Feel like I am losing a fair bit of control with current provider and with the level of saturation in the market and political uncertainty, I need a fresh approach! Feel free to message me with recommendations/thoughts. Kind regards Kirsteen
  8. Hi there, I'm looking to get started in property investing in the Glasgow area. I don't have a lot of initial capital (around £10,000) and was wondering how best to start? I know Buy-to-Let mortgages are generally our of reach and am unsure if holiday lets (Airbnb etc) require them or if they can be used with a regular mortgage? Also is Rent-Holiday Let a thing? Cheers,
  9. Hi there, I'm looking to make a start in the world of property investment in the Glasgow area. I was originally looking to find a suitable property/seller for a Lease Option Agreement but have heard its quite tricky to do in Scotland? I don't think a Buy-to-Let is the best place to begin so was thinking of buying solely to holiday let or if possible renting to sub-rent as a holiday let if that's a thing? I'm still a student and have around £10,000 to spend so looking for a small deposit investment. I'm also open to any joint venturing/mentoring to help get me started, I wouldn't necessarily be looking for much profit just experience. Any advice would be much appreciated.
  10. Hi All, as the title suggests im Glasgow based and planning to officially start investing in property this year with my main strategy to be founded on Buy-Refurb-Refinance -Let single-let flats to start with, then move into HMO (Student market) and flips. My ultimate ambition is to replace and improve on my current salary with passive rental income and replace my day-to-day with running my own property development business. I'm a Chartered Civil Engineer by trade but I've been around property development since a young age due to my parents interest in it and I've always looked at property with an investment view. My partner and I bought our first home late 2016, with the aim of using it as a practice run... it is a 1 bed West End tenement flat, which had no central heating, terrible floors, a kitchen from the 60's and generally looked like money hadn't been spent for >15 years. Took the plunge and just about to get the bathroom finished as the final piece of the puzzle after which its looking like a good investment given recent similar property sales and HR values on our street. I've been bingeing books, podcasts (thanks @robert dix and @rob bence , great material!) and youtube videos for the bones of three years now, so keen to get my first investment under my belt this year. Looking forward to getting to know other investors in the glasgow area so please feel free to get in touch, (as i've exhausted all tactics of steering chat to property with my mates) and keen to swap recommendations for trade professionals, brokers, solicitors etc in Glasgow and discuss leads/strategies with other investors. Cheers, Paul.
  11. Hi guys I will be needing the services of a company to manage a future property in Glasgow. Does anyone have experience with any of the companies there and who I should contact (and also those I should avoid). Much appreciated! Cheers, Andy
  12. Hi, I am an investor with some properties in Edinburgh. I am not quite in a position to buy another place a the moment, but i like to keep my eye on the market and nothing appears to be coming up in Edinburgh that is in the price range i look to purchase. I am considering making my next purchases in Glasgow. I have had a look on Zoopla and there seems to be some fantastic large properties on the market compared to what i have in Edinburgh for much more competative prices. The trouble is that i have no real idea of what to expect with the market in glasgow. Ideally i like to get professional tenants, perhaps 2nd or greater year students for 1 and 2 bedroom places that are relatively low maintenance. I am looking to clear about £400 after mortgage payments from any one purchase. Does anyone have any advice on where i should be looking and where i should be avoiding? I am Edinburgh based so prefer low maintenance.
  13. Hi guys. While I have an Irish passport and am often in the UK for work, I live mostly in sunny South Africa. I have a couple buy-to-let properties in South Africa already, but very keen to start growing my UK portfolio (Edinburgh and Glasgow to be more specific). I have a UK bank account and I will have the 25% deposit required for the buy-to-let property. My concern is more about getting the mortgage for the remaining 75% without UK payslips, not being on the electoral roll, no national insurance number, etc. I was looking at a few options and would love some feedback on these ideas: OPTION A: - Move to the UK (for roughly a year in total). - Purchase a property with my 25% deposit soon after arriving. - Use bridging finance for the remaining 75% (from what I gather they are more lenient with not having payslips, although I realise the interest rates would be higher but it would be temporary) - Live in the property for 6 month while working in the UK (getting payslips) and renovating. - Remortgage the property as a buy-to-let (only possible after 6 month of owning the property as far as I'm aware, and by then I'll be able to apply with 6 months payslips). - Have a management company source tenants and manage the property while I'm back in South Africa. OPTION B: - Find a lender that will help me as someone living abroad and purchase the property with a buy-to-let mortage (concern is difficulty and high interest rates from these types of lenders). - Use a management company to source tenants and manage the property while I'm overseas. I would love some feedback from anyone who has experience with this, or just some ideas that I may not have considered. I'm not opposed to moving to the UK to get the ball rolling with this, and my current work is flexible enough that I can do this. But that said it would be much easier not to do that. Looking forward to any advise. Cheers, Andy
  14. Hello lovely people! This forum has been such a useful find! I've learnt so much scouring through all the posts and I'm so glad to have found the podcast! My partner and I are intending to visit the North and hope that you guys can recommend any sourcing agents/estate agents in the Northern areas such as Glasgow, Hull, Manchester, Leeds, Sheffield, Liverpool, Birmingham & Crewe as we will be investing remotely. Please feel free to comment or email me at sh.propportunity@gmail.com for a chat! Thank you so much! Cheers SH
  15. Hi All, Newbie from Aberdeen (or based in Aberdeen ). Have been watching “Homes under the Hammer” for over a decade and wondering when I’ll take the leap of faith. My BTL Journey began in December 2017, when I spotted an opportunity to buy a BMV 3 bed flat taken by a developer as a part exchange from my neighbor and discounted by almost £50K based on valuation. 2 bed flats in the area was over £25K higher and 3 beds around £40-50k sold prices so I thought it was too good an opportunity to miss and with a mate of mine we put in an offer for £200k and was accepted. We both put in 50% of deposit at 75 LTV. Property was let out in a week for £800 pcm part furnished, other properties in the area were going for £950 but some have been in the market for a couple of months and we preferred steady income and long term tenant than high rent and quick turnover considering the state of the Aberdeen rental and property market since the oil downturn. Our plan is to hold for two years and sell at market value and split our profit to invest elsewhere in Scotland. My goal is to get a number of BTL’s to act as a secondary pension in the future (still in my 30’s) and hopefully grow the portfolio to 10 BTL’s with a net income of around £5-7K pcm. I intend to buy one or two property every year from Q1 2019 within the price range of £50-80K each mainly in Glasgow, Dundee, Edinburgh, Livingston and Kilmarnock….I know it’s challenging to get 2-3 beds in Edinburgh at that price but I’m looking to buy lower end flats that don’t need much work (£5-10K spend to do up) and with high ROE. I’ve been consuming lots of posts here, listening to podcasts and reading books. Happy to get some advice or guidance from folks investing in the areas mentioned ( @Tonyng already doing that ). I’m also planning to be at the next Aberdeen meet-up and will try to visit the Glasgow one sometime this year. Question: I’ve seen a couple of posts about folks who invested in Ayshire and bought flats for £40-50K with a monthly rent of around £350-450 pcm from DSS tenants or privately? What are the challenges of working with DSS tenants? How can I find out more information of requirements and process of renting out to council for the three year scheme either in Glasgow, Kilmarnock or West Lothian? Will appreciate if anyone could share their experience here or point me to a thread where this has been discussed. Thanks
  16. Hi All, It seems there are a few of us now, but I'm in the Glasgow area, and I'm looking at jumping on the property ladder as an investment/pension. This certainly looks like a great place to start. I'm hoping to find builders in the area who can help me take "run-down" properties into "let-able" income. Won't make April's Meetup, but will certainly be there in May. Looking forward to meeting everyone. Cheers, Martin.
  17. I am looking at my first deal ever. It's a modern "luxury" flat on the 6th floor, nice view, 1 bedroom. Location: Glasgow Harbour Home Report price: 120,000 My (potential) offer: 115,000 I am a little bit worried about the area. It seems "too" residential and a little bit far from "civilization" (corner shops, etc). Maybe similar to Western Harbour, Edinburgh in the sense that these flats were built around the financial crisis of 2008, and the area never picked up in a big way. I think my question is, does the property have a chance for capital appreciation down the road? Or should I invest in other areas of Glasgow, which is the market I'm interested in? If anyone knows the area and has a view, please let me know. Many thanks in advance.
  18. 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
  19. Hi folks Just bought our 4th property in Glasgow and heading up (from where I live in London) to pick up the keys tonight and check it out I have a decent lettings agent on the other three properties but now this is my only income I am trying to trim costs (and other than the actual agent that I normally deal with I find their systems painful and everyone else useless.) I have 2 London properties that I let out and manage myself - obviously a bit of work getting in tenants, but once in there are just a few maintenance issues every now and again I would love to do this for the Glasgow properties but the distance has so far prevented me. Does anyone here manage properties themselves from a distance? If I go via the likes of uPad or online lettings agents for Glasgow and interview tenants myself is there any special Scotland things I should know about? One Glasgow thing I have noticed is that people only ever sign up to 6 month leases and then go rolling - is this the same everywhere? I am thinking that we could take a risk and give it a go myself for now - if it works out, move the other three over, if not, I haven't ended my relationship with the lettings agent prematurely Love to hear anyones thoughts or experience, tell me if I'm mad (oh the lettings agent charges 10% or min £60 per property, but aren't raising rents in line with my expectations or very proactively - one rents at £610, one at £395, one at £495 and I expect this one to achieve £450) Cheers! Lauren
  20. Hello everyone, I'm a part-time property investor based in Lanarkshire, Scotland with 7 properties between me and my wife. Looking to get building my portfolio but currently not overly cash-rich (one day hopefully). My portfolio currently ranges from a 1 bed flat to a 4 bed villa. Recently I have had two extensive refurbishment project which have been thoroughly enjoyable (at times stressful) to do. Also have a full time job as an Optometrist, so property is a great change of scenery! Ive just started listening to the podcasts which are great. Going back through some of the older episodes to make sure I haven't missed anything! I would be keen to attend any meet-ups planned nearer my neck of the woods? Keen in general to build my network, especially anyone who can help build my portfolio despite my cash poor but asset rich (richer) position. Thanks Mark
  21. Hi everyone, I've Been researching property through meet-ups, podcasts and books for about 6 months now in preparation for my first buy to flip/buy to remortgage. The strategy is to use profits from the first flip/remortgage to fund subsequent flips in order to build up enough liquidity to start a BTL portfolio in Glasgow. If your from Glasgow or Scotland hopefully I'll see you at a property meetup! Cheers, James
  22. Hi everyone, I'm a rookie, prospective investor in property and looking for a little advice on my strategy for sourcing good property deals. I've studied a particular area in Glasgow that I feel has great potential and demand. However, I've been finding it difficult to source any BMV properties going through the traditional Right Move/Zoopla routes (been to many viewings, put in many bids over the past 4 months). Therefore I am about to embark on a 'straight to vendor' flyer campaign with the hope of sourcing my first property to refurb and either flip or remortgage, and to package other opportunities for investors (I have a couple of interested investors/colleagues with funds available). This is a small part of a bigger long term strategy. Any advice or lessons learned from mistakes from anyone who has already been through this sourcing route would be greatly appreciated! Many thanks, James
  23. Does anyone in the Glasgow area know or have any experience with a good solicitor/tax advisor that works with Buy-to-let investors? We're looking for some advice on structuring a limited company correctly so that it fits with our long term goals. They don't need to specialise in the sector, but will preferably have experience working with investors and maybe even invest in property themselves. Hopefully someone can point me in the right direction! Cheers, Luis
  24. 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
  25. I was wondering what BTL mortgage options Limited Companies currently have, specifically in Scotland. I've spoken to a few mortgage advisors over the phone and they say the options are very limited for us up north if we're looking to invest via an SPV Limited Company. Any suggestions or pointers?
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