Peter, Author at Property118

Peter

Am I being fleeced on EICR?

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...

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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.

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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.

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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...

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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.

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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...

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Ltd Company interest on Directors loan?

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...

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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...

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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...

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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.

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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...

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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...

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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...

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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...

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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...

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Peter

Peter


Registered with Property118.com

18th July 2013

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