Jump to content

Search the Community

Showing results for tags 'rmp'.



More search options

  • Search By Tags

    Type tags separated by commas.
  • Search By Author

Content Type


Forums

  • 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

Calendars

There are no results to display.


Find results in...

Find results that contain...


Date Created

  • Start

    End


Last Updated

  • Start

    End


Filter by number of...

Joined

  • Start

    End


Group


Website URL


Skype


Location


Areas I invest in


About me


Property investment interests


My skills


My goals


Interests outside property

Found 5 results

  1. Hi, Background: I invested in a Deansgate South 2 bed apartment with RMP [now Property Hub Invest] last year: completion is due next Spring. A 10% deposit is already down. Having just remortgaged my own house to release equity for the final 15% on Deansgate, I am thankfully now in a position to invest in a 2nd BTL property. Question: for my second BTL should I wait 9-10months to see how well Property Hub Invest deliver the goods with the Deansgate apt before investing with them again? Or should I find a BTL property without this property sourcer? Property Hub seem to make everything quite easy and so far Ive been impressed. But I am hesitant to invest with them before the first investment process is finalised, although I am aware that waiting to invest won't give me the best chance of capital growth! I'd like to see if the numbers from the initial pitch are realistic and if many other significant 'unknowns' crop up before the rent starts to come in. Strategy: I am investing for long term (10+ years) capital growth; large monthly yields at this stage aren't too important to me. I would greatly appreciate your thoughts, especially regarding full experiences with PH Invest/RMP. Thank you.
  2. I purchased a property through RMP back in 2015 and recently had an “Offer to vary Ground Rent Review Clause” from the Landlord (via their management company). This variation would remove a 10 year ground rent doubling clause and would instead replace it with a clause which increases the amount of ground rent payable in line with the Retail Price Index (RPI) every 10 years for the remainder of the lease term. Essentially for the cost of £795 the landlord (Ishguard Limited) are “prepared to offer a Deed of Variation for the reduced premium relative to the value of the reduction of their future income of £5,000.00, payable prior to completion” I understand this to mean £5,000 would be payable on completion of the variation. I’ve been trying to understand whether this is beneficial from a personal and saleability point of view. PERSONAL The ground rent is currently £225 from a lease commencement date of 01-Jan-2015. I am not planning to sell the property anytime soon so this would mean that that the rent would be: 2015 - £225 per year 2025 - £450 per year 2035 - £900 per year 2045 - £1,800 per year 2055 - £3,600 per year After this point I’ll be long gone so no worth worrying about Based on this changing to RPI seems to make sense since this increased circa 30% over the last 10 years as opposed to doubling… My question is based on this is it worth doing - I keep flipping as to whether this makes financial sense or not? SALEABILITY The letter I received states that “concerns have been raised around the saleability and mortgage ability of properties that have leases containing such clauses.” I seem to remember reading about these a while back but was wondering if anyone else had a similar view as to whether these clauses are a negative from a saleability point of view? Thanks for reading this far and I would genuinely appreciate any responses, even its to just confirm my thinking (which is that this seems worth doing).
  3. Hi everyone, I have been investing in property for just over two years and have developed a huge passion for property investment over that time. I chanced upon The Property Hub and The Property Podcast last summer, which have really helped to accelerate my learning. I have built a modest personal portfolio, all single let BTL's, comprising five high yielding properties in Liverpool aimed at cashflow, and two properties in the Midlands targeted at capital growth. I have also set up my own Limited Company to help mitigate recent tax changes. As of this week, I started work at RMP Property as a Portfolio Manager in the London office. If anyone needs any property related help or advice, I'm always happy to help Chris
  4. Hi Property Hub, I had a look on the site when it launched and am looking forward to joining the community now it's full steam ahead. I'm at the start of my property journey and I own one property in Newcastle and have bought one off plan from RMP (anyone heard of them? ;-). My goal is to buy two more properties by the end of the year in the North east with my 2 brothers as JV partners. Despite Rob and Rob saying "never invest in the north east" we're doing well on our first property and are confident about taking small steps. Ideally I'd like to meet people with experience in investing in the North East of England particularly in Newcastle and Durham, can anyone point me in the right direction of anyone interesting? I'm looking forward to being involved in this community. Tom
  5. Hello everyone Completely new investor here, kiwi/Brit expat living in Dubai who wants to decide on future goals for family and sees property investment as a way of acheiving these goals and enabling us to live a better life within a certain time frame. Initially looking for assistance with releasing equity from a property we own in the UK (do I need a mortgage broker for this?) and then will need assistance of a property company for investment guidance/strategy and then a mortgage broker that specialises in setting up expat mortgages for our next purchase. We are completely serious about focusing on this so I'd welcome any recommendations that might help me start the ball rolling. I'm loving this forum, the podcasts and resources and they really are inspiring and encouraging, now its about the next steps!
×