D D

Registered with Property118.com
Monday 23rd September 2013

Location
UK

Trading Status
Joint

Providing Since
2006

Properties Owned
0 - 5

Insures properties through a broker recommended by Property118
Yes


Latest Comments

Total Number of Property118 Comments: 347

D D

5 months ago
Renting and Bunny Business?

it's a residue from WWII when people needed to find ways to enhance their food rations... Read More

D D

5 months ago
Renting and Bunny Business?

Reply to the comment left by "Richard York" at "13/03/2017 - 18:52":

you beat me to that one Richard... Read More

D D

5 months ago
Broken Manifesto promises

I'd rather poke rusty nails into my eyes than vote Conservative or UKIP... Read More

D D

6 months ago
Increasing a mortgage and claiming interest relief

The capital we released by remortgaging our 2 homes on an interest only basis, when they'd both been repayment mortgages until that time, was used as deposits on 4 x BTLs (also mortgaged on an interest only basis). Three of the BTLS were financed and mortgaged on a 50/50 basis and the last one was only in my name because my home at that time had more equity in it.
I'm guessing (I can't actually recall the exact conversations the mortgage broker had with the mortgage companies) that we didn't reveal to the mortgage companies at that time why we were looking to release capital - but our bank statements from 2006/7 would reveal that neither of us had any savings (having each gone through a divorce just before we met, and having emerged from them with nothing other than our heavily mortgaged homes).
The dates of the transactions when the BTL purchases completed would confirm that was what the money we realised was used for.... Read More

D D

6 months ago
Increasing a mortgage and claiming interest relief

Reply to the comment left by "Mark Alexander" at "03/03/2017 - 08:57":

Back in 2007 my partner and I converted the mortgages on our two homes from repayment to interest only loans and then used every penny thus released as deposits on BTLs - so I have a question but I'm not quite sure what it is (but I am pretty sure, as no-one ever asked where we got the deposit money from, that no-one has ever suggested we might have made some kind of a claim against our tax bills). Maybe the question is: Have we missed the boat (due to not our realising that we might need to point one of the 3 accountants we've used since that time in the right direction) re claimimg anything now against tax bills due to the way we raised the money to fund our BTL deposits?... Read More