Young Iserlohn

Registered with
Friday 2nd October 2015

Latest Comments

Total Number of Property118 Comments: 3

Young Iserlohn

15:35 PM, 16th October 2015, About 6 years ago

Buying a property with tenant in situ and needing a major increase in rent ?

I also think that you should let the tenant stay on for another 12 months. In this way, you won't have any void period at the purchase and also save you the trouble of finding another tenant. Remind the tenant that you intend to charge him the market rate after 12 months.... Read More

Young Iserlohn

9:44 AM, 16th October 2015, About 6 years ago

Buying a buy to let through a limited company

If you plan to buy a property from someone by buying the shares of the owning Limited Company, there may be a concern that the Company might have hidden liability. Although it may be a good way to evade the tax, the asset as well as the liability would pass on to you if you purchase a property this way.... Read More

Young Iserlohn

16:05 PM, 14th October 2015, About 6 years ago

Electric Shower vs Mains Fed

I am always a bit dubious about electric shower. Unless you have a very high power one, the heating power is not sufficient to keep giving you hot water at a reasonable flow rate (particularly in Winter when the incoming water is at an even lower temperature). I agree with the posts that at least you require 9.5kW. But thicker electrical cable is needed to carry the larger current. Also remember that you will probably get a handsome electricity bill. Electric shower is a major eater of electricity. As such, I would prefer a combi.... Read More