mark andrews
mark andrews
Registered with Property118.com
19th March 2016
Total Posts
0
Total Comments
32
Registered with Property118.com
19th March 2016
Total Posts
0
Total Comments
32
19th June 2016, 10 years ago
Oh James, You'll be fine. Just increase the rents 'innit.
Read More →Reply to comment left by Bill Morgan at 19/06/2016 - 17:34
Reply to the comment left by "Bill Morgan" at "19/06/2016 - 17:34": but could you make capital repayment work? £400k property with 25% deposit. So £300k mortgage: IO : £560 monthly payment Capital Repayment : £1300 monthly payment. I suspect...
Read More →Reply to comment left by Bill Morgan at 19/06/2016 - 17:12
Reply to the comment left by "Bill Morgan" at "19/06/2016 - 17:12": Hi Bill, I suspect that if IO mortgages were removed from the market, then I doubt the BTL model would work at all. Certainly not for new purchases...
Read More →Reply to comment left by mark andrews at 19/06/2016 - 16:38
Reply to the comment left by "mark andrews" at "19/06/2016 - 16:38": Also, I believe they will build these houses using funds from investors, so hopefully less debt will be involved. The aspect people take issue to is that currently...
Read More →19th June 2016, 10 years ago
I believe this company intends to build new properties which they will then let out? If this is the case then this will be a positive effect and how I would like to see the PRS run. This would seem...
Read More →Reply to comment left by NW Landlord at 19/06/2016 - 11:43
Reply to the comment left by "NW Landlord" at "19/06/2016 - 11:43": Agreed NW Landlord. It is part of how he has sold the changes to the general public, and why it receives so much support.
Read More →Reply to comment left by Dr Rosalind Beck . at 19/06/2016 - 10:02
Reply to the comment left by "Dr Rosalind Beck ." at "19/06/2016 - 10:02": Only if you are willing to concede that BTL investors are responsible for driving up home prices. Something which has been flatly rejected in the past...
Read More →5th June 2016, 10 years ago
Do you know how many tickets have been sold?
Read More →30th May 2016, 10 years ago
But if it is simple supply and demand, and, as you say, demand is increasing while supply is tight, then why are rental yields falling like a stone over most of the country? Doesn't quite add up? If rents could...
Read More →15th May 2016, 10 years ago
I really hope that you didn't waste too much money on incorporating NW, because I'm not sure even that will keep you safe for very long: https://www.gov.uk/government/consultations/tax-deductibility-of-corporate-interest-expense/tax-deductibility-of-corporate-interest-expense-consultation
Read More →15th May 2016, 10 years ago
Most businesses have a plan to pay off the principal DURING the term of the loan. You don't. The strategy you use was not allowed for owner occupier mortgages, and for good reason. Refinancing isn't a solution to paying off...
Read More →Reply to comment left by Richard Mann at 14/05/2016 - 18:53
Reply to the comment left by "Richard Mann" at "14/05/2016 - 18:53": "A speculator is a trader who approaches the financial markets with the intention to make a profit by buying low and selling high" - if you're using interest...
Read More →14th May 2016, 10 years ago
Sell or refinance? Point proven. No real exit strategy at all. You're speculating on rising house prices, and if that fails, 'refinance' which basically means take on more debt to repay old debt....like a snake eating its own tail
Read More →14th May 2016, 10 years ago
You're an investor not a business. You take out interest only loans with absolutely no plan on how to repay the principal at the end of the term - other than through sale of the house (assuming house price growth)...
Read More →Reply to comment left by NW Landlord at 14/05/2016 - 12:01
Reply to the comment left by "NW Landlord" at "14/05/2016 - 12:01": So why bother with mortgages? Just buy cash, hell I'll take 5 today if those figures are true. If I recall you said you have a portfolio in...
Read More →14th May 2016, 10 years ago
And Richard, As for the go to jail analogy, you have no choice but to pay your debts, you took them on, not the tenant. Don't assume that your tenant will be in the same position- they may have choices...
Read More →13th May 2016, 10 years ago
Well tenants do have a limit to what they can pay, and historically rents have tracked income pretty closely for that exact reason. So unless a few indebted LL's are going to buck the trend, I doubt things will change....
Read More →13th May 2016, 10 years ago
Richard, I think you'll find because government believes the counters to your arguments. 1. Less housing for people not in position to buy - majority of renter do wish to buy, but prices prevent them. Theory is, if LL are...
Read More →2nd May 2016, 10 years ago
So you as the deed holder collect the rent and pay the mortgage, then transfer the balance into the limited company? Sounds like your mortgages don't state anywhere that the bank holds the beneficial interest on your properties which is...
Read More →Reply to comment left by BTL INVESTOR SCOTLAND at 02/05/2016 - 11:19
Reply to the comment left by "BTL INVESTOR SCOTLAND" at "02/05/2016 - 11:19": Is you're tag name really a sensible choice? We're opposing c24 on the basis that we are businesses and not investments, so should be treated as such,...
Read More →Showing 20 of 32 comments