Registered with Property118.comSaturday 18th October 2014
So when will this be introduced?
or has it already?
I make many offers for each successful bid, I'd be concerned if most bids were accepted.
Art or science? State of the market has a huge bearing on what discount you can get away with.
Don't bid above what you feel comfortable with......
you should check but I don't believe you should be paying a builder VAT on a new build if he's doing the lot anyway.
If you're using subs it gets more complicated.
There should be no VAT on supply and fix items from subs either although they will tell you different.
£150/ft2 doesn't sound a million miles away for a small house in this climate.
Easy way to get costs down is to manage it all yourself.
Where you are in the country has a huge effect on your build costs, so whereabouts are you?/
130/ft2 might be closer to the mark in the Oxford area.
Small units are relatively more expensive to build per ft2
Some interesting stuff from the guys above.
The day BTL appeared in the daily mail I knew we were in trouble!!
BTL will be a rocky road over the next few years I think.
As I understand it holiday lets are not currently covered by c.24. so one to look at??
I have been keeping my eye out for commercial stuff recently.
Its only worth buying residential now if it represents exceptional value but thats tricky to find.
Time to start consolidating a little debt over next year or two is my view..