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Found 8 results

  1. Hi all, A big topic for you today - if dangerous cladding is found on a block of apartments, who pays to fix it? One of the properties I own is a flat in a block with 100+ leaseholders. I can't divulge too much information because it is an ongoing legal case, however we are currently pursuing several avenues of legal proceedings in order to determine whose responsibility it is to pay for the potential 7 figure cost of replacing all of the cladding on the building. Will it be the leaseholders, who are supposed to be responsible for maintenance and repair of
  2. Hi any one have any advice or experience with portfolio loans please. How they work repayment or anything else. Karen
  3. Hey all, Having experienced so much great advice here I wondered if people may have some advice which is actually for my parents. They are downsizing, they have just had an offer accepted on a bungalow (£370K) but have yet to put their current house on the market. They basically have 3 options as far as I can see for funding this purchase, but I wanted to see what those of you who know far more than me might think of doing. First, the current house they have has no mortgage and would likely sell between 650-700K. They still have an income of over £70K per year and a number of savings
  4. First thanks to @rob bence and Rob Dix for the awesome content of TPP228: TIPS TO SAVE AND MAKE YOU MONEY. The tips on the freeholders charge for a subletting fee was amazing. I am in the process of a re-mortgage now and have been hit by two fees; one from the leaseholder and the other from the property manager for a "Lessors notice fee". One is £48 pounds which while not ideal I can take the other is £162 which doesn't seem "reasonable" as the letter of the law states. I am wondering if anyone has any templates or court cases which are similar to the sub letting fees
  5. Can anyone help? I have gotten in over my head here. I've been trying unsuccessfully to be a property sourcer as a way of getting out of my job, and been blessed with a deal that seems too good to be true. I'm trying to put it together, I have buyers in the pipeline. (potential other deals too) Vendor needs cash. So I'm looking at bridging loan or similar (buyer can put money in escrow account, so I can buy and then sell. This means I need to deal with Bridging loans, registering for VAT/Stamp duty/SA tax and that is all getting a bit daunting. I have found potential brokers, but
  6. Hi again guys! So I have luckily found myself a mentor to help me gain more experience on property, which I'm really excited about! I'm still learning lots from the podcast and reading book after book, however I am eager to start to get some hands on experience. My now mentor flips property and has agreed to bring me along for the ride, taking me to auctions and letting me see how it all happens. My plan is to go with this for a while and learn as much as I can along the way. I have this idea which I don't know if it is viable or not so here goes. For those of you who have read my ot
  7. Hello, I am looking for some advice on starting out in property. I am completely new and don't know where to start, however I do have a growing interest in property and wondered where would be the best place to start I look forward to hearing any suggestions
  8. Hello All, A brief introduction: I am Barney, 22 years old and I work in IT as a Network Engineer. From the age of 18 my mum guided me through property flipping. I helped her flip around 6 properties until i gained enough knowledge and profit to go alone. I'm currently 3 properties down the line and really enjoying myself. I have a 10 year plan to get out of the rat race and wake up doing what I want (To run my own company and manage my portfolio). I am very grateful to have stumbled across this website after reading the book. I'm always open to learning as much as possible about prope
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