doubt the consumer unit even needed replaced if it passed 4 years ago as there have been no major changes. Some electricians look for work a few set out to pass unless My consumer units are C3 - Improvement Recomended...
Over £50k per home spent on heat pumps etc - when is a home improvement fairy going to pop along to home OWNERS and hand them £50ks worth of improvements.
Same here in scotland with the new PRT which we all have to use. Rents have rocketed as we only get a 28 day lease which rolls month to month. Not able to plan or advertise in advance anymore. No...
Reply to the comment left by Paul Mullally at 19/04/2018 - 17:01Great Paul - All that hard saving looks like its going to pay off ....not a load of cash but enough to get by.
Reply to the comment left by Paul Mullally at 19/04/2018 - 16:42So i wont be hit for 20% tax on the interest on my self assessment as its already been deducted on the CT61 .....as long as i stay below...
Thanks everyone , I dont want to take the £375k out until I sell all the flats as I see that as a way to get a chunk of cash in 10 years time. Of which £375k will be tax...
If you dont need the cash out every month then purchase in a ltd Company . I did it in 2005 for 6 of my properties ....when people said it was not worth while . However I now have hardly...
Back in 2008 I bought 2 flats off plan - to get them rented out I let them at £600 each although the mortgages were £635 and £637 per month . After 5 years I went onto a great BTL...
I think the" one off"c Landlord with a 95% LTV will be exiting the market pretty quickly as his toe in the water at BTL will actually be costing him money. Cash is king!.....again.
Potential loophole - What about taking a personal loan and using that to settle the existing mortgage. Loans that are used fully against the property are a cost and tax deductible. Glad I wrapped most of my properties in a...
Reply to the comment left by "CaZ " at "23/01/2014 - 16:58": Hi Caz, I also put one in the kitchen so even if they are drying clothes in the bedroom the chances are that the bathroom or kitchen one...
Reply to the comment left by "Mark Alexander" at "23/01/2014 - 14:35": Most of these repairs are really small and you should just have fixed them. My tenants only change the toilet roll...I end up doing the light bulbs. Dont...
Hi Andrew, I also like your attitude to wanting more knowledge and a wall to bounce ideas off. I have 10 BTLs in Dundee which I rapidly aquired back in 2001 -2005 when I was in my early 30s. I...
I have stopped taking deposits and just uplifted my flats by £25 or £30 per month which I give back the majority at the end of the year as a "Clean flat bonus". £25 for 12 months get £200 back...
4th September 2024, 2 years ago
doubt the consumer unit even needed replaced if it passed 4 years ago as there have been no major changes. Some electricians look for work a few set out to pass unless My consumer units are C3 - Improvement Recomended...
Read More →Reply to comment left by Simon Gear at 25/01/2024 - 08:58
Reply to the comment left by Cider Drinker at 25/01/2024 - 08:58sure that will be a passing comment so the existing tenant knows he cannot stay.
Read More →26th October 2023, 2 years ago
Over £50k per home spent on heat pumps etc - when is a home improvement fairy going to pop along to home OWNERS and hand them £50ks worth of improvements.
Read More →3rd September 2021, 5 years ago
Same here in scotland with the new PRT which we all have to use. Rents have rocketed as we only get a 28 day lease which rolls month to month. Not able to plan or advertise in advance anymore. No...
Read More →Reply to comment left by Paul Mullally at 19/04/2018 - 17:01
Reply to the comment left by Paul Mullally at 19/04/2018 - 17:01Great Paul - All that hard saving looks like its going to pay off ....not a load of cash but enough to get by.
Read More →Reply to comment left by Paul Mullally at 19/04/2018 - 16:42
Reply to the comment left by Paul Mullally at 19/04/2018 - 16:42So i wont be hit for 20% tax on the interest on my self assessment as its already been deducted on the CT61 .....as long as i stay below...
Read More →19th April 2018, 8 years ago
Thanks everyone , I dont want to take the £375k out until I sell all the flats as I see that as a way to get a chunk of cash in 10 years time. Of which £375k will be tax...
Read More →14th July 2015, 11 years ago
If you dont need the cash out every month then purchase in a ltd Company . I did it in 2005 for 6 of my properties ....when people said it was not worth while . However I now have hardly...
Read More →13th July 2015, 11 years ago
Back in 2008 I bought 2 flats off plan - to get them rented out I let them at £600 each although the mortgages were £635 and £637 per month . After 5 years I went onto a great BTL...
Read More →10th July 2015, 11 years ago
I think the" one off"c Landlord with a 95% LTV will be exiting the market pretty quickly as his toe in the water at BTL will actually be costing him money. Cash is king!.....again.
Read More →9th July 2015, 11 years ago
Potential loophole - What about taking a personal loan and using that to settle the existing mortgage. Loans that are used fully against the property are a cost and tax deductible. Glad I wrapped most of my properties in a...
Read More →Reply to comment left by CaZ at 23/01/2014 - 16:58
Reply to the comment left by "CaZ " at "23/01/2014 - 16:58": Hi Caz, I also put one in the kitchen so even if they are drying clothes in the bedroom the chances are that the bathroom or kitchen one...
Read More →Reply to comment left by Mark Alexander at 23/01/2014 - 14:35
Reply to the comment left by "Mark Alexander" at "23/01/2014 - 14:35": Most of these repairs are really small and you should just have fixed them. My tenants only change the toilet roll...I end up doing the light bulbs. Dont...
Read More →3rd December 2013, 12 years ago
Hi Andrew, I also like your attitude to wanting more knowledge and a wall to bounce ideas off. I have 10 BTLs in Dundee which I rapidly aquired back in 2001 -2005 when I was in my early 30s. I...
Read More →18th July 2013, 13 years ago
I have stopped taking deposits and just uplifted my flats by £25 or £30 per month which I give back the majority at the end of the year as a "Clean flat bonus". £25 for 12 months get £200 back...
Read More →