Allow Landlords to evict tenants where there are 14 days rent arrears14:34 PM, 1st October 2020
About 3 weeks ago 97
We are now in the process of purchasing property no 6 all individual family buy to lets. We don’t fancy HMO’s but obviously know that is where the money is, we will be looking at doing some flips along with a neighbour who is a builder.
My question is, we have now re-financed some of our properties and 2 for the second time, when we come to calculate how much money we have left in from the initial deposit do we use the money we receive back to go into our bank account or for instance:
Property cost initially £150k deposit £37,500(25%) then re-finance 6 months later and the property is now worth £175k, do we use this figure or what we receive back to calculate our way to no money left in.
Please Log-In OR Become a member to reply to comments or subscribe to new comment notifications.
Our mission is to facilitate the sharing of best practice amongst UK landlords, tenants and letting agentsLearn More