Great! They stiff you on the way in and now they propose stiffing you on the way out... They’re going to do the same with long term health care funding if you ask me.
I would formalise any new arrangements with either a new tenancy agreement or a codicil to the existing agreement and request your tenant provides a guarantor. This can all be done amicably in the interest of a win-win. I had...
Personal opinion, I wouldn’t do it – unless of course it’s “Throw away money” but we don’t all have that to hand though… I considered doing this when my Daughter went to University and the deal fell through, which in...
Nothing would surprise me... After the introduction of S24 I waited before looking to incorporate. I just felt that this cynical lot would wait for landlords to jump from sole trader to limited company and then tax them again... I...
Glad for the happy ending...but just a thought for the future On the choice of Boiler - Personally I would avoid Ideal Logic. I have one in my Resi which is a new build and another in a new build...
I got into the business back in 2009 with a plan to buy one property a year until I got up to 10 properties then take stock. Back then I asked my accountant if I should proceed thorough a Limited...
Long post - sorry I didn't have time to make it shorter... On Clause 24, SDLT raise etc - I’ve lobbied my MP about the unfairness of it all as well as presenting the unintended consequences of repossessions and tenant...
I’ve had my accountant onto s162 relief on SDLT. Here's how I understand his advice; 1. You need to identify 'true' partners and connected persons who continue to own an interest in the properties after any transfer takes place. 2....
Government strategy against PRS landlords finally revealed?. U.K. Rental market 'dysfunctional' say institutional investors as L&G plan new build-to-rent investments.Now it all makes sense... follow the link to today's Guardian article http://gu.com/p/4g6nh
I don’t mean to be a damp squib on someone who sees property as a way forward (as I did) but given you’re now 55 and taking into account that the government has BTL in the cross hairs; Alice Tax,...
Can someone please clarify: The extra 3% SDLT will also apply to a SPV Limited Company purchasing property for investment ( < 15 properties) - I think it does but there are some mixed messages from previous posts. And what's...
I met with Sir Eric Pickles at his constituency surgery last Friday and I promised Mark I would give feedback through this forum. I approached the meeting on three fronts in what was a swift 10 minute meeting; 1. How...
Reply to the comment left by "Ros ." at "12/10/2015 - 21:55": Ros, As Winston Churchill once said "Never give up!"... However, it's clear that the party line is set. Think about it; There's not going to be a backbench...
Reply to the comment left by "Jason McClean" at "07/10/2015 - 12:36": Jason. Nail on the head. This is exactly what it’s all about. Corporate entrants. The private rented sector has grown on average by 5.4% per year since 1999...
Reply to the comment left by "Jason McClean" at "07/10/2015 - 08:51": Jason, Your portfolio is similar to mine and I’ve gone through the grieving process. I see the new landscape as painful but nevertheless an opportunity.In my opinion this...
Thank you Mark, I’m seeing my M.P. Sir Eric Pickles on the 16th and all the resource you’ve compiled will be really helpful for this meeting - the challenge is getting the message down to a bite size chunk you...
Great reply Mark. A key point in the Governments argument is that they suggest BTL is purely an investment, akin to trading shares. If that is the case, so their argument goes, why should you be given tax relief on...
I’m no expert and I don’t have a crystal ball but I do rely on my intuition and this tells me that maybe 15% - 20% of those with a sufficiently large pension pot will look to invest in a...
Just another comment, your quoted mortgage rates look very residential! Don't consider using a resi mortgage for a BTL. I know this is an obvious point, but given your relative newness to the topic, you wouldn't want to start out...
Hi Kaps, Perhaps you can consider a 75% LTV BTL mortgage. At £124k deposit you are then looking at ~£500k property (less legals and stamp duty).Just a thought...
9th August 2019, 7 years ago
Great! They stiff you on the way in and now they propose stiffing you on the way out... They’re going to do the same with long term health care funding if you ask me.
Read More →9th August 2019, 7 years ago
I would formalise any new arrangements with either a new tenancy agreement or a codicil to the existing agreement and request your tenant provides a guarantor. This can all be done amicably in the interest of a win-win. I had...
Read More →20th November 2018, 7 years ago
Personal opinion, I wouldn’t do it – unless of course it’s “Throw away money” but we don’t all have that to hand though… I considered doing this when my Daughter went to University and the deal fell through, which in...
Read More →15th March 2018, 8 years ago
Nothing would surprise me... After the introduction of S24 I waited before looking to incorporate. I just felt that this cynical lot would wait for landlords to jump from sole trader to limited company and then tax them again... I...
Read More →25th April 2017, 9 years ago
Glad for the happy ending...but just a thought for the future On the choice of Boiler - Personally I would avoid Ideal Logic. I have one in my Resi which is a new build and another in a new build...
Read More →16th November 2016, 9 years ago
I got into the business back in 2009 with a plan to buy one property a year until I got up to 10 properties then take stock. Back then I asked my accountant if I should proceed thorough a Limited...
Read More →5th April 2016, 10 years ago
Long post - sorry I didn't have time to make it shorter... On Clause 24, SDLT raise etc - I’ve lobbied my MP about the unfairness of it all as well as presenting the unintended consequences of repossessions and tenant...
Read More →22nd March 2016, 10 years ago
I’ve had my accountant onto s162 relief on SDLT. Here's how I understand his advice; 1. You need to identify 'true' partners and connected persons who continue to own an interest in the properties after any transfer takes place. 2....
Read More →28th January 2016, 10 years ago
Government strategy against PRS landlords finally revealed?. U.K. Rental market 'dysfunctional' say institutional investors as L&G plan new build-to-rent investments.Now it all makes sense... follow the link to today's Guardian article http://gu.com/p/4g6nh
Read More →19th January 2016, 10 years ago
I don’t mean to be a damp squib on someone who sees property as a way forward (as I did) but given you’re now 55 and taking into account that the government has BTL in the cross hairs; Alice Tax,...
Read More →27th November 2015, 10 years ago
Can someone please clarify: The extra 3% SDLT will also apply to a SPV Limited Company purchasing property for investment ( < 15 properties) - I think it does but there are some mixed messages from previous posts. And what's...
Read More →19th October 2015, 10 years ago
I met with Sir Eric Pickles at his constituency surgery last Friday and I promised Mark I would give feedback through this forum. I approached the meeting on three fronts in what was a swift 10 minute meeting; 1. How...
Read More →Reply to comment left by Ros . at 12/10/2015 - 21:55
Reply to the comment left by "Ros ." at "12/10/2015 - 21:55": Ros, As Winston Churchill once said "Never give up!"... However, it's clear that the party line is set. Think about it; There's not going to be a backbench...
Read More →Reply to comment left by Jason McClean at 07/10/2015 - 12:36
Reply to the comment left by "Jason McClean" at "07/10/2015 - 12:36": Jason. Nail on the head. This is exactly what it’s all about. Corporate entrants. The private rented sector has grown on average by 5.4% per year since 1999...
Read More →Reply to comment left by Jason McClean at 07/10/2015 - 08:51
Reply to the comment left by "Jason McClean" at "07/10/2015 - 08:51": Jason, Your portfolio is similar to mine and I’ve gone through the grieving process. I see the new landscape as painful but nevertheless an opportunity.In my opinion this...
Read More →5th October 2015, 11 years ago
Thank you Mark, I’m seeing my M.P. Sir Eric Pickles on the 16th and all the resource you’ve compiled will be really helpful for this meeting - the challenge is getting the message down to a bite size chunk you...
Read More →7th August 2015, 11 years ago
Great reply Mark. A key point in the Governments argument is that they suggest BTL is purely an investment, akin to trading shares. If that is the case, so their argument goes, why should you be given tax relief on...
Read More →18th March 2015, 11 years ago
I’m no expert and I don’t have a crystal ball but I do rely on my intuition and this tells me that maybe 15% - 20% of those with a sufficiently large pension pot will look to invest in a...
Read More →4th March 2015, 11 years ago
Just another comment, your quoted mortgage rates look very residential! Don't consider using a resi mortgage for a BTL. I know this is an obvious point, but given your relative newness to the topic, you wouldn't want to start out...
Read More →4th March 2015, 11 years ago
Hi Kaps, Perhaps you can consider a 75% LTV BTL mortgage. At £124k deposit you are then looking at ~£500k property (less legals and stamp duty).Just a thought...
Read More →Showing 20 of 42 comments