Where to buy our first BTL property & seeking an accountant locally
by SHARON MOXON
Firstly, my partner and I are looking to purchase our first BTL property and I wondered what criteria to use for optimum location.
My research tells me that first timers usually buy close to where they live and this is what we initially thought. However, for the cost of what we can buy in an area of Kent with a likely rental approx £350 pcm, we could (for much the same outlay) potentially buy 2 in a cheaper area of the UK with a rental of approx £300 pcm on each. This seems to offer a better yield but due to the distances etc we should probably have to go for fully managed as we both work full time and could not attend to things ourselves.
We are novices and looking to learn from experienced people so all advice is appreciated, even ‘obvious’ stuff!
Secondly, can anyone recommend a good property accountant local to East Kent please? I understand the arguments re travelling out of area to a good one being a necessary & legitimate business expense etc. but we are limited by time more than anything and should like to do business locally.
Looking forward to your kind responses so thank you in advance.
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Member Since June 2013 - Comments: 177 - Articles: 9
11:48 AM, 12th August 2013, About 13 years ago
Well Mark, in April 2004 I released some equity and started investing in property…..
THAT is how I now have time! :0
As you have been on multiple holidays this year yourself, I am surprised you didn’t know the answer to that one!!!!
Member Since January 2011 - Comments: 12196 - Articles: 1396
12:02 PM, 12th August 2013, About 13 years ago
Reply to the comment left by “Vanessa Warwick” at “12/08/2013 – 11:48”:
LOL – busted!
.
Member Since August 2013 - Comments: 24 - Articles: 1
6:39 PM, 12th August 2013, About 13 years ago
Reply to the comment left by “Vanessa Warwick” at “12/08/2013 – 10:35”:
Hi Vanessa
Firstly, thank you so much. I’m sure you don’t have time but it’s probably a case of ‘if you want something done, ask a busy person….’ as I am one of those myself (2 jobs, working 6 days a week for 15 years!)
I shall collect my thoughts and questions and be in touch later this week 🙂
Member Since February 2016 - Comments: 977 - Articles: 1
4:04 PM, 28th September 2016, About 10 years ago
Hi Mark and All,
We just came back from holidays only to find out that our accountants dumped us (we have been with them for one year). We are looking for someone in Surrey area, we only have a local very small portfolio.
Can anyone recommend a trusted professional with reasonable rates (in our part of the world the return is not brilliant…).
I will be grateful for any leads provided. Thank you.
Member Since January 2011 - Comments: 12196 - Articles: 1396
4:22 PM, 28th September 2016, About 10 years ago
Reply to the comment left by “Whiteskifreak Surrey” at “28/09/2016 – 16:04“:
Please see the bottom of our tax page
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