Jump to content

Search the Community

Showing results for tags 'london'.

More search options

  • Search By Tags

    Type tags separated by commas.
  • Search By Author

Content Type


  • The Property Hub
    • Announcements
    • Property news
    • Introduce yourself
    • General property discussion
    • I need advice!
    • Progress journals
    • Property Podcast discussion
    • Property Hub University
    • Off-topic chit-chat
  • The Property Hub Summit


There are no results to display.

Find results in...

Find results that contain...

Date Created

  • Start


Last Updated

  • Start


Filter by number of...


  • Start



Website URL



Areas I invest in

About me

Property investment interests

My skills

My goals

Interests outside property

Found 99 results

  1. Hi everybody! My husband and I are looking to get a BTL in Scotland (we have some contacts there). We're not homeowners and are wondering what's the best to do, buying through a joint personal mortgage or through a limited company. Our mortgage broker said that possibilities are very limited for us buying through a ltd, plus interest rate will be higher. Our idea is to build a small portfolio. Would it make sense to start with one property on a joint personal mortgage and see how things go? It looks that is more expensive to start with a limited company. I guess the problem would be that later we would have to sell this property to our limited company if we change mind in the future. Any advice from your side? Any recommendation for an accountant in London for a 1off consultation? What's a fair price for this kind of consultation? Thanks in advance to everybody! Teresa
  2. Hi Property Hub My name is Suzannah. I provide property solutions and support by doing improvements to help maximise the value and potential of property. I have a PA background but it all started for me in property about 25 years ago when I was fortunate enough to inherit a low mortgage from my parents who were business owners and property investors in North London. I have always had in interest in property but never knew what to do with the accumulating equity of my property for many years. My second property was bought in 2013 in East London. After meeting my partner 2 years ago, we have recently set up a Renovations Company and are in the first year of business (is it possible to be nervous and excited at the same time?). My Partner/Director of the company is a Bricklayer/Supervisor and has been for over 30 years. He dreams bricks and has wide experience including extensions, conversions, house and block building and heritage. Together we complement each other really well. We would love to get involved in Flips, but the idea is to build up the business so we are able to do this. We would also like to get involved in HMOs and ultimately my partner would love to set up a training facility for Trainee Bricklayers (we are already setting the foundations for this – excuse the pun). So, we are getting there, have lots of ideas and love what we do, every day is part of the journey. This forum is fantastic, just joined and have already acquired some useful tips and info. Looking forward to learning more and being part of this great community! Let’s connect sometime..
  3. 9 months late and £590 million additional costs - How will the delay of Crossrail effect the London property market? Crossrail bosses have come under attack after it was announced the Elizabeth line will now open in autumn 2019 - 9 months later than originally planned. The service that will connect stations including Reading and Heathrow in the west all the way through to Abbey wood in the East. The delay has been put down to needing further testing and to improve railway software systems. Property owners and developers are facing another hit from an already stagnant market as price increases based on this phase of Crossrails completion being further delayed, meaning significant value to areas outside of London now not being added till the end of 2019 and early 2020. For more details head to these sites: https://www.standard.co.uk/business/property-bosses-angry-at-delay-for-crossrail-a3926431.html https://www.bbc.co.uk/news/uk-england-london-45367990
  4. Hi everyone, I've just embarked on the magical world of property. I own a flat in East London that I bought to live in myself. A week from today I will be moving with my Swedish partner to Stockholm, and so I have begun the process of letting the property. I have been doing some research about this, but just at the beginning so am looking out for advice and practical tips that I can apply from a distance. Eadon
  5. 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 on my monthly repayment. - Investing in buy-to-let in the North (Liverpool or Manchester). The forecasts are planning a great increase in property value however I'm afraid that I will struggle to bring 20% deposit (I'm currently looking into getting a personal loan to not stretch too much of my finance, which is going to make it even more difficult). My investment goal is building wealth in the long term, I'm currently full-time employed and I'm not searching to get high profit from my investments for now (even though profit is still appreciated ) What are your recommendations? Please let me know your thoughts, Many thanks for whoever read this topic Anne-Claire
  6. Dear Hubbers, I thought I might solicit your views on what seems to be an increasing trend. Namely, someone (often from London or the South-East) invests in BTL property in the North, which then means that money is effectively being transferred from the North - where it is arguably needed more - to the South. Of course, any modernisation undertaken in tired housing stock in the North (or anywhere else) can't be a bad thing. But the rental income is likely to be spent 200+ miles away and is not therefore helping the local economy. According to a comment on this thread there is anecdotal evidence that London investors operating in Liverpool are making it difficult for more locally-based investors to find a deal. Perhaps the fact that investors down South are helping to provide decent rental accommodation elsewhere in the country outweighs the fact that money is being transferred away from those investment areas. And of course it's likely that local tradesmen are getting work due to London investment money.
  7. I'm living in London and have been told to find a new place and fast. As I'm struggling to find a suitable house/apartment to move into I need some help with this. Is things such as shared ownership a good idea? I have looked more and more into the idea and it seems to be something of interest. From talking to multiple people and housing people I have come across the idea of this shared ownership. One friend even recommended places to look such as this website https://propertybooking.co.uk as they do all of that stuff. I am someone to want things done easily, can not be fussed with lengthy and dragged out process' to find out I can't afford the high rent (especially in London). I just would like some help, and know not all of my money is wasted. As I am not the richest person in the world.
  8. Hello there I am having difficulty in deciding what the best plan is to flip and would be grateful to get people's opinions on it. My objective To flip residential properties to build a capital-base rapidly. Background I am able to devote a large % of my time to building this portfolio and have access to cheap finance (up to £750k) and plan to do this through a company. I am geographically agnostic, although having spent the last 10 years in London I know it pretty well, especially south-west London. I am new to the property development game so realise I have a lot to learn and mistakes will be made I have strong financial modelling skills so will be OK with the numbers Questions What do people think about flipping in London in the current environment? Are there other (geographical) areas I should be considering? I am thinking of converting houses into flats in emerging areas in London with all the usual boxes ticked to deliver something for first time buyers - is this sensible? Any pointers, or recommendations of what NOT to do would be greatly received. Thank you!
  9. Hey everyone, So we are Stephanie and Karen, we are new to property investing and have one investment property in South London through inheritance. So this is now the start of a big/exciting/scary journey! We have an interest in Kent particularly Swale and Medway as we know these areas, but also South London/ Croydon /Sutton as this is where we live and obviously have local knowledge. The property hub pods have been fab for me (Stephanie) as I listen on my commute to Canary Wharf and we are thinking of buying a property with Property Hub in the north and it would be great to hear from anyone else that has done this. I'm also an avid reader of all books property related and something of a budding fintech nerd for investments. Stephanie
  10. Hi there, I own a property company in London with a mixture of residential & commercial property. I understand that Property companies are not exempt from inheritance tax for my kids. For 30 years I have owned the freehold and for a portion used the commercial sections of the properties for my own business. Now I'm looking to lease the commercial areas. We have 4 residential units and 2 commercial units. We also have a personal property which exceeds £1Million. I have a few questions that id be grateful for your help with. I'd like to continue to benefit from the income from the business without leaving the kids with a large IHT bill when I pass away. I believe, that my children will be exempt from the first £1M of inheritance tax I think by 2020. 1. Would my business be included in the IHT exemption or not? 2. Since the business hasn't always been used a property company, would it be treated as a property company or as a retail business as it has been for 75% of its tenure? As such, would a portion be deducted from the inheritance tax bill or is it treated all as a property company? 3. Are there any property investments that are exempt from IHT? 4. What business types are exempt from IHT? 5. I wondered if there another way to re-structure the business so my children may avoid being liable for IHT, perhaps joint ownership in the hope I survive 7 years? Hope the above makes sense and thanks in advance for your help' Rgds S
  11. Hello everyone, Has anyone got any tips, opinions or comments on the best way to market and sell our small site? We’ve had some rough valuations and been told we can expect offers of over £350k. Any comments on any of these points would be appreciated! • Perhaps most importantly, auction? Or invite closed offers in a set (maybe 1 month?) timeframe? Which is likely to get us the best price for this sort of site in the current market? • If auction – any suggestions for the best firm, or any other tips? What sort of fees should we expect? • If closed offers – advertise it and deal with the sale ourselves or use an agent? We’ve had some direct contact from developers and we could advertise on websites, but is it worth paying for an agent to ensure we get the best price? • If using an agent how much should we expect to pay? I’ve contacted a few and the rates seem to vary widely! Some have suggested a flat fee but a percentage seems better as it gives them an incentive to get the best price. • In fact I’d prefer to offer a ‘staggered’ fee e.g. with a low percentage of the whole sale price, but a higher percentage of the amount achieved over (say) £350k. This would really incentivise the agent to get the best price possible. Has anyone done something similar before? • Should we expect to give the agent a set of keys and leave them to organise viewings etc, or should we be more involved? • Re: the sale process one agent’s recommended a small (£2k?) deposit and an exclusivity agreement with the chosen buyer in return for 28 days to exchange contracts, at which point the remainder of a 10% deposit would be payable with the rest of the money due in another 2 weeks. Does this all seem fine? • Obviously we’ll also need a solicitor to deal with the sale; again what sort of fees should we expect? Some background: We’ve now got Prior Approval under the Permitted Development regulations to convert the current 2 light commercial workshops into 4 small residential units. The site also includes a yard area. We could submit a planning application to knock the workshops down and make the best use of the whole site (using the PD scheme as a ‘fallback’ to negate any concerns the council may have re: change of use etc) but we’re not interested in developing the site ourselves and planning consultants have advised us that any buyer’s likely to want to develop their own plans anyway. We’ve no experience of development so we’re happy to get a slightly lower price and to leave the rest to someone else. The site’s in Catford, see my other 2 posts for a bit more information. Thanks! Lee
  12. Hello all I hope you are all well. I have a dilemma and not a bad one I guess. I have a three bed flat in South London which I rent out. It makes a decent yield but not as good as my properties in Birmingham. My dilemma is, do I keep my south London flat and wait for the next boom or continue to rent out. Or sell now and buy two properties in Birmingham which will more than double my income compared to the south London one. The thing is, the London property will always rent well and have good captial growth but I feel Birimingham is also. Any advice on this would be fantastic and greatly appreciated. Many thanks in advance. Lee
  13. Hi, i'm a fairly experienced landlord of 38 years from London. I have been offering a house or apartment to rent for most of that time, usually my own while away working overseas. Currently, i have a one bed apartment in London, Docklands which i bought in 2014 and i've been renting that out for the past 2 years. I self manage remotely, which is easier for apartments it must be said, especially newer ones. I'm 60 years old and retired since renting the apartment in London. After finding a tenant i decided to travel some of the world taking in S. America, Mexico, Balkans, Turkey, Caucuses, Central Asia, Nepal, India and S.E. Asia, all financed from the single rental property.....and what a trip it's been!! :-) I'm more than willing to share my experiences with anyone who's interested and as far as the letting side goes, it wasn't rocket science! ;-) I have additional funds available and i'm interested in expanding and investing in the Midlands/North. Hopefully with other(s) investors who have experience with renovations and a view to then rent out or sell on. Thanks for listening... Robert
  14. Hi guys ! As I've been slightly studying the property market, I'm trying to imagine what it's going to be like in London after 15 years or so? I can hardly imagine the average house prices doubling. As from the investors point of view, the demand will always be there in order for it to build passive income. However, I can't see houses which are currently worth £300,000 being worth £500,000 or more. So for instance the rent is £1,700 that means after 15 years the rent should rise to at least £2,500 or so right? But I don't see any regular family paying such kind of money for the house. Either London is going to be full of HMO's or the minimum wage is going to rise to sky. Could anyone put out a scenario how could we possibly see house prices doubling in London within the coming 15 years? Thank you so much !!!
  15. Hello Hubbers I am thinking about investing in this new property portal for young professional renters ... would be good to see if anyone has used it? https://www.movebubble.com Cheers Job
  16. Hello Hubbers, I own a small plot of land in Addiscombe (Croydon) which is likely to receive planning permission for a small 2 bed property in the next few weeks. I am currently juggling options around whether to sell the land with planning, pay a contractor to manage the build or set up a joint venture. Specifically with the JV i would be looking for someone to project manage the entire build with some form of profit split at the end of the process. I suspect that a joint venture will prove the most profitable - does anyone have any good contacts in the local area who may be interested in something like this? Alternatively, any guidance on locating good builders / project managers in the area would also be a big help. Thanks in advance for any help...
  17. Hi All I'm a newbie to the forum having this year listened to lots of the podcasts, read Rob's books and recently been to a meeting with RMP. I'm in my late 40's, run a small law firm, and have no pension provision whatsoever. So my plan is to create a passive income over the next 5 years of £100k a year, the majority of which I expect to be through property. I started my property investment journey last year. I live in London and would have liked to invest close to home but put off by prices. So the first property I did was a 6 bed HMO in Bolton. Had a few problems but good learning curve and now fully let and managed by agents and making about £900 profit a month. I have just had an offer accepted on my second property also in the North West. Its a former pub which has been converted into 4 flats, 3 x 2 bed and 1 x 1 bed. It also has 4 garages with it. The flats are all let out and the annual rent is £19,500. Purchase price is £190,000. Stamp duty and legal fees survey etc about £10,000. My plan is to buy with cash and then split the freehold title into 4 leasehold flats. From my research and speaking to local agents I believe the 2 beds should be valued around £70k and the 1 bed around £60k giving a total value of £270k. If I then get 4 mortgages on the flats at 75% LTV I should be able to extract £202,500 from the deal and leave myself with nothing left in. I appreciate I have to leave the cash in for 6 months from the date I split the titles to when I can get finance. The legal fees for splitting the title have been quoted at £1,500 and there will be 4 arrangement fees for mortgages. i will be left with the Freehold and possibly 4 garages to either develop or sell if I do not include them with the Leaseholds. I don't know what a garage is worth but they must be £5-£10k each at a guess. After mortgage and insurance I should make around £1250 profit a month from the leaseholds. Seems like a great deal to me but am I missing anything? I'd really value peoples feedback as I do not have much of a property network around me. I have not been to a meet up yet but intend to go to the one at Kings Cross in December and get chatting to some like minded people. look forward to hearing from anybody!
  18. Hi all, Just wanted to introduce myself. I am the Senior Property Consultant for Alliance Investments. Our parent company is Property Alliance Group, Manchester. I have got to where I am in this business by having a very friendly, consultative approach to advising investors on how I can help make their money perform at it's best in property. In keeping with the general feel of The Property Hub, there are no hard-sells here. If you would like to know more about me, our business or Manchester in general then I'm the man to see with your most pressing questions. Otherwise, see you in the forums Chase. Manchester Ebook.pdf
  19. Hi, I'm looking for some advice for investing in property in Ickenham. I've come across a development called Harefield Place which I thought looked interesting: http://www.harefieldplace.com/ What do you guys think? It's close to London, good transport links and has a lot of land.
  20. shiv82


    Hello Property Community. I am looking to buy a property in London with my partner who is a diplomat. I believe that this makes it much more difficult to qualify for a mortgage. Does this forum knows about any institution that will agree to issue a mortgage to a Diplomat? Any information would be much appreciate as we are currently a bit stuck...thanks a lot for your help.
  21. Hi, I'm currently looking for information about moving out to the countryside or in the city. What are the benefits? is there a best of both worlds that I could move to? I was looking at Colne Valley and there are some nice places such as Ickenham and Uxbridge which are only a 20-minute drive away. What do you think?
  22. Hello there, I almost feel stuck and not to sure what to do but I will try and be as clear as possible. We are currently waiting for council to buy our property in london as they are currently renovating the local area (hoping to get about £350-£370k). When i say we that is my parents and i. The property we currently live in is under both my parents name and at this present time they do not earn any money and i am covering all outgoings. They have approx 29000 left to pay on a mortgage. I am at the age of 24 and a mortgage shouldn't be a problem in regards to age but possibly a problem with my parents. A little while back we went to the bank and just queried about remortgaging and the fact that my parents were of a certain age and not earning, it could effect the amount of money we can borrow and length of time. I had asked how much would it be if it was just me on the mortgage and the amount had increased quite a bit. With my parents and i we could get about £150k but just me alone could get around £190k and obviously the latter being the best case scenario (I assume). (Took out a £55k Mortgage around 2003 i think) What i would like to do in the ideal world is to borrow as much money as possible from a lender and buy a flat for around £400K or less to live in as i live in london and can not relocate to far from here, so with that i would try and use about £200k - £250k towards the home and mortgage the rest so i will still have money to pay for a deposit for 2 or 3 buy to lets? (Outside of london of course). Now what i need help with is: Can i get my parents to give me the money that they achieve from the current property without tax implications? If so how? Can my parents gift me the money just like that? Should i try and get a mortgage with my parents? Could getting a mortgage with my parents effect me later on for what ever reason? If i was to be able to get all the money for my own mortgage, would i still be able to pay no stamp duty up to 300k as i would be a first time buyer? I have so many more questions that i just cant think of at this present time which is so annoying. Im sorry for the long winded message but i have created many many scenarios in my head and i am sure that i could be getting ahead of myself and just need some real guidance because i really dont have a clue about what steps i should take next. Thank you for taking the time to read this and will greatly appreciate any advice. Zeeno
  23. Looking for recommendations for a good plumber and electricians (ideally both in one) in south London (Clapham/ Tooting area) I need the following looked at: - under the sink pipes re-worked and re-fitted - plumbing a dishwasher - wiring into the mains a dishwasher - fixing outside lights (wiring) - fixing ceiling lights (wiring) Any recommendations would be amazing!! Cheers Phil
  24. Hi All Just thought I would introduce myself. My name is Deeps and recently signed up to the site. Wanting to get into property investment for a number of years but now have taken the steps to do so. Attended a "course" taster recently which opened my eyes to the investing world, but thankfully after reading posts on here and other sites did not really opt for the package which would make me a millionaire in the matter of months. Saying that it was interesting to see the different kind of avenues to take into property investments... Have not panned out a strategy yet but thinking of FLIPs before I look into HMOs or BTL.
  25. Hi everyone, This is my first time on this forum and website but I am keen to learn. I am 25 years old and living in London. Recently a family member passed away and left a London property to myself and my three younger siblings. They're aged 22, 20, 18. By the time the property is sold and the inheritance tax is paid we are likely to have a little over £100,000 each. I realise that this is a massive amount of money for all of us and I am keen to make the most of it. I plan to reinvest this money into a buy to let London property and I will strongly advise my siblings to do the same. In the interim between selling our inherited property I am trying to learn as much about the buy to let process as possible. At the moment I am considering two options: 1. Convince my other 3 siblings to pool together and invest in a London house worth around £500,000. We could pay the £400,000 up front and I could take a mortgage out for the last £100,000. With a 25 year mortgage at 3.9% it would be around £525 a month, myself and the second oldest sibling would pay this. Based on similar houses in the areas I've looked at we could rent for roughly £1700. This seems like a pretty secure option to me as the house could be empty for a few months of the year without us making a loss on it in terms of rent vs mortgage. Although I'm slightly worried about finding tenants for a house like this. I'm also aware that this a very large investment for a first time buyer and I don't' want to make any silly mistakes 2. The 2nd option I'm considering is to go it alone and invest my £100,000 into a studio flat worth £150,000. Taking out a mortgage for the last £50,000. In this case a 25 year mortgage at 3.9% would be £262 a month, which is fairly manageable. I could hopefully rent out this flat for roughly £800 a month. Again the property would have to be vacant for 9 months before I make a loss in rent vs mortgage. Hopefully this property will be much more manageable and will give me a chance to learn the buy to let process a bit. My siblings can invest their money in a similar way. There's two options I'm considering along with some of my reasoning. Of course there may be something glaringly obvious that I'm overlooking, in which case please let me know what I'm missing. For those of you who are a bit more experienced/knowledgeable. What would you do in this situation? Any tips would be greatly appreciated. Thanks Conor