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Found 75 results

  1. Hello everyone, I am new here and I am thinking about making my first buy to let purchase in Liverpool! I would appreciate any advice on areas and experiences with letting you local authority/ housing associations. Thanks! Daniela
  2. Hi all, I'd be grateful for some guidance on investing in Liverpool (120k max budget) probably through a sourcing company. My story: I have 3 properties all in the southwest, am remortgaging to release equity and hope to have about 30k to invest. As you can imagine this won't stretch very far in the areas I'm familiar with (Bristol, Wiltshire) so now looking to broaden my horizons. I studied in Liverpool in the early 2000's, loved it and hope that I'm now in a position to invest. Complications: I'm in the military and have just returned from a couple of years overseas so am a little out of touch, for various reasons I'm also unable to devote much time to searching beyond getting on right move, so will likely need a sourcing company (or a lot of advice) to pick the right property. Ideally I'd like a fire and forget, already tenanted and managed property with a good yield (wouldn't we all!), I realise that not being able to devote much time to the endeavor I'm not going to get the deal of the century, just need a reasonably good one to keep my strategy moving in the right direction and not lose momentum. Preconceptions: Having had a scan of previous topics on the forum and a good rummage through rightmove and zoopla it seems there is plenty of opportunity. I don't think I'm likely to get in on any city centre locations, but Wavertree/Dingle/Kensington look promising. I'm not keen on the idea of student accommodation and not averse to, but have no experience of, benefits tenants Would like to aim for a 2/3 bed professional or family let. Questions: Where have people invested/recommend investing? Is it worth going for 2 super cheap properties in less desirable areas? Any advice on sourcing companies? Have been recommended Property Sourcing Liverpool, but not found much online in the way of testimonials etc and a bit nervous about throwing money down the drain for a poor service. Do I even need a sourcing company, or is the Liverpool market such that I could I do a thorough online sift and view a few properties in a day? Been in touch with RMP, but unfortunately can't get to London to make it work anytime soon. Aims - Would sacrifice some yield for potential capital gain over the long (ish) term, plan to hold all properties for the long run. Really appreciate any pointers and if I can help anyone with any advice on my neck of the woods, please let me know. Thanks Adam
  3. I'm looking at investing in an apartment in Liverpool, being sent lots of off plan apartments for the Baltic Triangle area, whats everyone's thoughts on over supply? Never been to Liverpool but looking at Google and going round the Baltic Triangle area there doesn't appear to be much there? Is there a high demand for apartments in this area given that it looks like an industrial area with the odd nice bar/restaurant? Has anyone worked with RW Invest or Elite Realty Invest?
  4. Dear Community, I'm an international first time investor who put his live savings into Student accommodation project called "Aura Liverpool". Their sales pitch was really attractive, 8% return guarantee for 5 years. My purchase (paying 50% of the value) took place on July 2018 with an intended completion date in September 2019 (and a long stop date on September 2020). Later on, they send a "project update" saying the completion will be on September 2020. And Now, due to a developer issue, they need to refinance the project and the lender is asking for all investors contracts to be revised and to extended the long stop date to another year, hence September 2021. My solicitor is saying that my capital is at risk, and even if i decided not to amend the contract and enforced my refund on the original long stop date, he feels i might not even get that if the project goes bankrupt. I'm seeking some guidance fro some experience investor. What should i do? Does anybody else have invested in this particular project? Thanks.
  5. I’m looking for my first standard btl I have chosen Liverpool and can’t decide between flats in the centre or houses a little further out i plan to buy 2 or 3 this year @ 80k - 150k. Or should I spend more for premium. i haven’t been to Liverpool yet so any information on good and bad areas to invest would be greatly appreciated.
  6. Hello all, Has anyone got a solid recommendation for a letting and property management agent in Liverpool please? I have a one bed apartment in the city centre. It's a new build and my contract is up with the current agent in one month (it was part of a guaranteed income scheme for 12 months). They don't appear overly professional. They are still haven't confirmed their fees yet which has given me alarm bells. I've been doing some research online (from a v good article here on Property Hub) but there's so many options, I don't know where to begin! Any help would be appreciated. Thanks, Anna
  7. Evening all, looking to invest in Liverpool, student houses, professionals or residential (family home). Anyone used a decent deal soucing firm? thanks in advance
  8. 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 properties that are available where probably most of them are empty for a while (or is this just my assumption ? ) On the other hand in the new development sector it seems that a lot of those developers have really tight rules regarding their own lenders, the amount of the down payments high overhead expenses and much more ....which seems a bit limiting what are you experiences in regards to a first time investment properties (location, prices, suggestions etc..)
  9. 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
  10. Hi, Does any one have any recommendations for a solicitor to work on a ltd company buy-to-let purchase in Liverpool? Any help or advice would be much appreciated, this is my first one! Thanks, Kate
  11. Hi, Coming up to Liverpool this weekend to have a look for student/ young professional HMOs and the news online is all over the place in terms of the number of polarising statements saying Liverpool is both amazing and awful for HMOs at the moment (even when filtering results to those posted in the last year!). Very confusing! We're likely looking for something recently renovated in top condition, 4+ bed , within 15 minute walk from Liverpool Uni (likely Kensington, Wavertree or Edge Hill) Does anyone have any experience in Liverpool HMOs and care to shed some light on what's going on? Is the market really oversaturated even in those areas so close to the city centre? Any help would be much appreciated! Thanks, Olena
  12. 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
  13. Hi people! I would love some advice from anyone who has experience in letting shared houses to students or young professionals. I currently let a flat in Manchester and am thinking of selling it and using the money as a deposit for one or two shared houses with the intention of increasing my property income. The flat should generate around 160k and I’m aiming for houses that are already going concerns, ideally already rented out, rather than any that need work on (just cos I have zero experience on doing improvements). Manchester looks pretty much out of my price range so I’ve been looking at Liverpool but would be open to other suggestions for the right property. I’d be really grateful if anyone could give me any pointers! One concern that I have is that the shared house market might be on the wane with the rise of purpose built blocks of flats for student/young professionals. What are other people’s opinions on this?
  14. Hi, Could you recommend reliable Solicitor who could deal with auction purchase in Liverpool? I'm searching as well for trustworthy efficient building company/builder to make some refurbishment. For the future I'll probably need as well Mortgage Broker (can be based in Liverpool or London but I guess location in this case is not that important). Thanks a lot for advise, Regards, Joanna
  15. Hi everyone, I was about to make an offer last week to a 3 bed house located in Bootle, Merseyside (the property is very close South Park) and as I don't live in Liverpool I asked a friend of mine and he basically told me that I should run away from that area, that it has a lot of bad reputation and also is not a good place to invest because of the low yield compared to other places in the city, etc, etc.. The thing is that I already visited and walked around the place during a couple of weeks, day, night and I don't see why I shouldn't be buying there, I really liked it. This is going to be my first investment and now I'm a bit scared, don't know what to do!! Has anyone bought a place in Bootle recently? Thanks!
  16. 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 modern properties that are immediately ready to rent out; but have recently learned my cousin works on upgrading properties so thats a bonus for some flexibility in regards to potential house flipping. My strategy has now potentially changed as my Mom (currently living in a 3 bed council house in Bham) needs to be rehoused, due to her current area and neighbours being far from the best to say the very least! So in saying this, I now intend to purchase a mortgage for a place for her to stay in Bham (2-3 bed house or 2 bed apartment in city centre) that will see good capital growth in the long run as the plan is for her to live there for the next 10, 20, 30 years plus. So this would be a long term investment. I have around 30K to invest at the moment, and ideally would like for the monthly repayments to be low because she'll be living there alone (would H2B be pertinent here?). I don't intent to make profit off Mom or for her to have to share, but at the same time, I don't want to have to go into my own pocket to top up what she cannot afford as I am already renting in London. I did a mortgage in principle with my bank the other day and they said I could borrow in the region of 280K. My credit is pants at the moment so I'm using the next 9-12 months to increase my chances of getting a 5% mortgage next year although I would really want to buy something in 2019. So I suppose my questions are: Is what I'm pondering ambitious or outside the realm of success with the 30K capital and poor credit rating I have? Outside of transport links, being close to city centre, good schools, shops/supermarkets/parks/having a drive and garden etc, what other key criteria do successful property investors look for, that bring confidence that capital growth is very likely to come down the line? After looking at Rightmove and speaking to local estate agents and viewing properties that fit your criteria for example - what are the differentiators or main drivers that prompt an investor to push the green button and buy? Should I maintain my original plan, and find a 1-2 bed B2L property in a high yielding/high growth area like, Leeds, Liverpool, Nottingham, Manchester, Sheffield and essentially keep saving while banking the £500 - £1,000 per month cashflow - because in a couple of years I'd soon generate another 30K to get her the property in Brum - and in that time I would have gained some equity/growth in the B2L property. I do plan to build a property portfolio so when you have a strategy for acquiring multiple properties; for tax reasons, is it better to purchase them under a limited company rather than as an individual? When people say, test your numbers thoroughly, what exactly does this mean? How can you test that your strategy for a B2L monthly cashflow goal is truly feasible? Would the H2B scheme benefit me in for my circumstances? Many thanks
  17. Hi all, I've been listening and researching for a couple of years on and off, I have now decided to start my investment journey! My time is quite limited for research so I stumbled across an investment company and thought I would give them a shot to see what they can offer. So far I am quite impressed, not forcing a sale and generally being very helpful. They seem to know what they are doing and everything makes sense going by my limited knowledge. My main aim is capital gains over a long period with multiple investments for a retirement fund, but of course the rental profits need to be afloat too! Ill get to the chase and below is the recommendation they have come up with. Off plan 1 bed 9th floor apartment 399sq ft in Liverpool L3 Just outside the business district and walking distance to city centre. Within development areas too. Developer is Vinco Due to complete Q2 2020, ground works have just began. Long stop date June 2021 Price: £132,525 with normal 75% LTV mortgage £5000 reservation fee which is part of the deposit with exchange 28 days after. Initial deposit at exchange 30% (£39,758) Service charge: £798/year Ground rent: £300/year The developer requires the purchase of a furniture pack at £2399 Funds held in stakeholder escrow and released in stages once signed off. 10% of property value insured (33% of deposit) They have a compulsory 3 year rental guarantee of £663/month and no service/ground rent charges are applied for those first 3 years. To sum it up ignoring the 3 year incentive... (mortgage interest rate 2.69%) cash invested £42,656 monthly rent £663 gross yield 6% net yield 2.5% ROI 7.8% monthly pre tax profit £278.99 Although thats not with allowing any void periods! With 5.5% interest rate it only scrapes through month to month with a profit. Hope that all makes sense.. i would very much appreciate anyones input! Cheers Mark
  18. Hi Everyone, I went to Liverpool last week, came back on the 6th July 2017. I spent 4 days researching the area, I love the city, It has such a unique vibe to it. I spoke to almost all the agents in the City, most gave great advice and had properties with great yields. I came back excited to invest. At a networking meeting on the day I got back I got talking to a guy that invests in Liverpool. With all my new found enthusiasm for the City, I told the guy that I wanted to Invest and wanted to just get any advice he had about the place. Like a wet blanket over my burning enthusiasm, he said to me you won't get much capital growth there. As this is important to my long term strategy, I was very disheartened. I would really like to know if anyone has any experience of Liverpool and can restore my enthusiasm for this amazing place? Thanks Chim
  19. Hello there, Re: How to calculate evaluation for a property that has been converted to flats when there are no other similar properties on the neighbouring streets I want to make an conditional offer (subject to building inspection survey) on a property that has been converted into a block of 5 studio apartments but I am hesitant as I don't know how the property would be valued by the bank. The property is based in Liverpool, postcode L7 and I will be using a mortgage. The gross income is £25,000 per annum and is fully tenanted. I have done the numbers and if my offer is accepted then the ROI would be 22%. (This is assuming that no extra capital expenditure is required). When I do my analysis, the expected cashflow and ROI meets my criteria. But I don't know how to value the property as there are no comparables nearby of a similar property. The other properties on that street are 3 and 4 bed houses. Therefore, I don't know what the bank would value this property and I don't know if/when I can get my money back out. This is an issue as I need to raise the cash to invest in this property through private loans. I need to raise £64,500 to pay for the deposit, stamp duty etc.. Not knowing how the property would be valued by the banks, means that I am uncertain on when I can pay back my investors. How does the bank value properties that have been split into blocks of flats? Many thanks for you help. Regards, Margaret
  20. Hi everyone I'm new in the property investment and would love to get some location advice from experts. I've been looking at Liverpool (L7 and L6) and made 2 offers last few months. Unfortunately didn't go well which turn down my motivation and interest a bit.. But i should keep positive and move on. Recent podcast, Rob D & B mentioned 6 locations to consider. I'd like to get a location advice which area I should look at that based on my case:- My scenario : Maximum property price : 130k 10% Deposit + 90% mortgages Looking for 3 bedrooms. Living in + rent out 2 rooms to young professionals. Aim: monthly cash flow + (a potential) capital grow by refurb to get better mortgage deal. hoping that will give me a chance to buy 2nd place for BTL. I've noticed that L7 and L6 have so many invests going on and saw 3-bedroom house become 6 or 8 bedrooms for student accommodation. I felt high competitions and sellers are asking a higher price than what agent recommended them. (of course, therefore, these kind of sellers are still on the market... ) but you can feel that the atmosphere has been changed. And start to wondering it's better find other locations?? Please take some time to share your thoughts! Thank you Jung Lee
  21. Hi Guys, I posted early/mid last year suggesting that I could view properties for expat investors and investors down South, and since that post have received a constant stream of clients, so much that I have a website now. www.propertyviewernorthwest.com/ Anyone interested just get in touch. Thanks, Neil
  22. Hi Guys, I posted early/mid last year suggesting that I could view properties for expat investors and investors down South, and since that post have received a constant stream of clients, so much that I have a website now. https://www.propertyviewernorthwest.com/ Anyone interested just get in touch. Thanks, Neil
  23. Dear All, I am looking for some advice or opinions on the work ongoing on Unity Building, Rumford Place in Liverpool City Centre. We are interested in buying a flat however, are put off by the massive scaffolding and construction work currently being carried out by Laing O'Rourke I believe the work start in 2017 due to Water Ingress and was supposed to finish at the end of 2018 however, will continue now until mid 2020! Of course this is a concern for us. Do you live there OR can you help me and tell me what's going on ??? Any feedback welcome!!
  24. Any Liverpool area experts and natives able to give a simple "pro's and con's" to the area of CH41 (Birkenhead) ? Specifically with relation to single let BTL properties such as 2/3 bed terrace and semi's houses. Is this a "Bronx" style area? Are tenants working class or DHS ? Any thoughts of capital growth or is it a yield only area ?