Sam Addison

Registered with
Thursday 3rd April 2014

Trading Status

Providing essential rental accommodation since

Number of rental properties owned
6 - 10

Insures properties through a broker recommended by Property118

Latest Comments

Total Number of Property118 Comments: 151

Sam Addison

9:11 AM, 2nd July 2020
About 2 weeks ago

Use property to pay for private school fees?

I suspect the taxman will look askance at your ltd. co. paying you 20% interest but I believe that your first £1000 of interest is tax free for both of you.
Try buying 5 houses at 100k each with 80% ltv mortgages in a ltd co. If you can achieve 6% return on value and mortgage rates of 3% you will make 18k p.a. before tax. At 1% growth you will be making 5k p.a. before tax.
In my experience you can manage a higher return on value with cheaper houses.... Read More

Sam Addison

21:48 PM, 19th February 2020
About 5 months ago

Can our father change an Irrevocable Trust?

It sounds as if your father downsized after the trust was set up. If this is the case I would look very closely as to what was left in trust. It may not be possible to void the trust but is it possible for your father to sell his house and buy the cheapest he can find in a rough area to fulfil the trust and meanwhile rent a nicer place to live in himself?... Read More

Sam Addison

17:25 PM, 14th February 2020
About 5 months ago

Project to reduce the reluctance to rent to tenants on benefits

'Navigators will help support and train landlords and letting agents ' - how about trying to train tenants?... Read More

Sam Addison

10:51 AM, 6th November 2019
About 8 months ago

Rent paid to wrong landlord during sale?

this will all be sorted out by the respective solicitors for the sale. She has paid in accordance with her contract and should have no worries but for her peace of mind she could talk to the estate agents handling the sale who can check the solicitors know the situation.
i have bought two properties with tenants in-situ and both times the solicitors sorted it in final accounts.... Read More

Sam Addison

15:16 PM, 21st October 2019
About 9 months ago

Big corporate L&G invest £750m into affordable housing

£750m for 3,500 homes is £214,000 each. Affordable?... Read More