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Found 15 results

  1. It's no secret that leveraged property investment has been very lucrative in recent decades, but people have been made bankrupt as well, especially in 2008. I'm trying to get to grips with how people with larger portfolios sleep at night with lots of mortgage debt to their name. Let's say I have one Buy-To-Let worth £200k with £150k debt against it and it's held in an SPV with a 20% personal guarantee (PG). The most I can lose personally is 20% of debt, so £30k. This isn't too scary, unless I've spent all my money it probably won't bankrupt me and it's not an insurmountable amount of mone
  2. While it seems common place to refinance properties owned in an SPV and use the proceeds to fund the deposit on further properties, what options are there to access that equity if one doesn't want to grow there property portfolio any further..? Since equity released by refinancing is not a profit, I imagine it is therefore impossible to extract the equity through dividends - one would instead have to sell a property and record a profit?? This seems like a significant drawback to me compared to owning property in my own name, considering that I don't intend to just forever buy more and mor
  3. Hi, I'm an IT contractor working through my own limited company. This company has surplus profits from which I would like to invest in property. I've been advised by my accountant to set-up a new LTD company to do this with. I've been advised that I can then loan money to the new property investment company from my existing limited company. Does anyone know whether I need to produce a formal loan agreement for this? My accountant has said no , but that doesn't feel right to me. Surely the particulars of the loan would need to be documented, even if I am owner of both companies?
  4. Hi I am based in an apartment block in London with around 30 flats. I am on the board of directors. We have a combination of leaseholders and I believe some flats own the freehold too. We wanted to enquire into taking out a large loan in order to complete some much needed building works. We would then figure out how much is needed to be paid back by each flat over as many years as possible. Does anyone know a company that specialises in loans of this nature please ? Thanks
  5. Hi, Recently I came across great opportunity for BRR or flip. It would do well for both. However the best option was to take it by cash or similarly with bridging finance. I decided to sent an enquiry for bridging loan and after assessing the numbers it looks like it's pretty pricey! I'm not 100% sure if I understand all of the number rightly but I was expecting gross interest at around 12-15% max whist my quote exceeds 20%... I copied the quote below and I've got few points to confirm: Net loan £52,578 - so for £85,000 property I can only get financing of 52,578 - That is already a
  6. Hi everyone. I'm new here but listened to Rob and Rob's podcast for quite a while. I'm hoping someone can help me. This is the first year I've had to do tax returns (I own one BTL since January 2019). There is plenty of advice online about section 24 and I'm aware 50% of it can be offset for the tax year 2018-2019. But I can't find anything about what the tax rules are for interest on other financing. I remortgaged my residential property to pay the deposit for my BTL property. Can I claim the interest I pay on that as an expense for tax purposes? Also what about if I borrow the mon
  7. I bought my first property through help to buy and i would like to buy my 2nd property as an investment, can one remortgage the help to buy house and pay off the equity loan or change the mortgage from Help to buy to a normal mortgage?
  8. Hi Everyone, I'm currently investigating what are the possibilities to invest in property. I'm not owning any property yet, I have limited resources for the initial deposit and I'm based in London. I hesitate between two options for my first property investment: - Buying my own property outside of London with a quick commute (ie Chelmsford or Milton Keynes). The positive point is that I would only need a 5% deposit and I can use the first home buyer scheme. However, I'm concerned that the property I could buy won't increase in value and building in equity will only be based o
  9. Hi fellow hubbers, I'm currently reading 'Using a Property Company to Save Tax 17/18' and on page 195 it says: What are the cases where this isn't possible? My understanding of this is that I've taken out a bank loan, which I've then invested into my company as a director's loan, I am able to claim the interest relief when completing my Self-Assessment Tax Return? If this is the case, what boxes/parts of the SA Tax Return form would be completed to account for this?? Thanks for any help in advance!
  10. Hi All. I am from Nottingham. Managed to raise 60k with my friend. We both want to start our property journey buying 1st house doing it up and sell. Ideally want to repeat flips couple times to increase our capital and buy 2 - 3 BTL to start saving towards our future. Now question. Is there any short term loan company you recommend from Nottingham? By short term I mean 4-8 months till we refurb and sell...... Any help, ideas, thoughts from Nottingham people more than welcome.... Apart of the auctions, where else to find out prospective propert
  11. Hey guys! My parents and I are looking to start investing and developing property, but we are completely new to it. As a 26 year old, I haven't even bought a property of my own, so I'm not sure how the process works. (Mortgages, financing, etc). I'm looking to get any practical useful advice on the steps I need to take to get started. Our starting sum isn't much, around 40K, and I was thinking it would be best to start with Buy to Sells to increase our investment sum, and that would then allow us to have the option to get into Buy to Lets as well. I'm not su
  12. Hi, Me and my partner are looking to buy a plot of land at auction to build a house on in the future. The land does currently have a house on the plot with running water and a kitchen and bathroom (although they are not in a state that anyone would want to use cosmetically) the house has not been lived in for three years and the front door has rotten and therefore will not shut. It also smells very damp. These things make me think the mortgage companies will class the house as uninhabitable and therefore not offer us a mortgage. Does anyone have any experience with houses such as t
  13. Hi guys, anyone out here familiar with/undertaken the process of loaning deposit funds from a Contractor Ltd Company to an SPV? I want to verify whether this method is viable and can be legitimately classified as a business to business loan under HMRC rules? Thanks in advance
  14. Hello all, I'd love to pick your brains. I own a three bedroom house in Liverpool that I want to develop and turn into student accommodation. Purchased for £60k, the renovation will be £65k. The only problem I have is finding £65k for the renovation. Do you have any suggestions? I have six other properties so could bridge but want to make sure I've explored all options first. Have you ever used a development loan? The build will take 12 weeks then I will refinance to pay off the loan. Thanks in advance.
  15. Hi all, I have a ltd company and we own a piece of land with planning permission for 4 houses. We need a loan to build them. We need a large amount - over £500k. I have spoken to the brokers Totum finance, and to a friend who is a building contractor, who advises me to approach the Banks (Lloyds, RBS, NatWest etc). At the moment, I cannot even get contact numbers out of the three banks and am getting frustrated. Does anyone know how to start this? Any advice would be appreciated. Will I need to prepare an application in advance? If so what wil it need to inc
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