Marc MF

Registered with Property118.com
Monday 8th June 2015


Latest Comments

Total Number of Property118 Comments: 4

Marc MF

7:58 AM, 5th July 2015, About 6 years ago

Thinking of buying a lodge with attached BTL cottages

I am definitely going to let these out on a residential basis rather than short term. It seems the easier way to get myself into the property sector. I don't think I would be able to give the time that short term rentals require and they sound more complex.

Thanks to all the advice and comments so far... Read More

Marc MF

17:12 PM, 4th July 2015, About 6 years ago

Thinking of buying a lodge with attached BTL cottages

Thanks for the quick response as always Mark, much appreciated... Read More

Marc MF

14:27 PM, 4th July 2015, About 6 years ago

Thinking of buying a lodge with attached BTL cottages

Well it looks like I am certain to take the route of buying this property rather than building a traditional BTL portfolio.

I've been offered reasonable financing terms from Birmingham Midshires for all 3 BTL's. The finances add up and are acceptable to me, are they a good mortgage provider? I've no experience of this mortgage sector so am keen to get a second opinion.

Thanks in advance... Read More

Marc MF

13:31 PM, 11th June 2015, About 6 years ago

Thinking of buying a lodge with attached BTL cottages

Reply to the comment left by "Mark Alexander" at "11/06/2015 - 11:43":

Mark,

Thanks for your comments.

You are right that they are difficult to compare directly, I just wanted some form of reassurance that it wasn't a mad idea and then to get some of the general pro's and con's. The larger purchase is absolutely driven by a lifestyle choice not financial. With my financial head on I would go the traditional BTL route.

I hadn't thought of the serviced short term lettings approach - do you have any pointers on where to gather more information on that other than me just doing a 'google' search which I will do.

In terms of BTL mortgage financing I will have a chat with your contact and see what he suggests, I can get finance as I will be separating the titles of all 3 properties and have spoken to an advisor. Another opinion is always good though.... Read More