Finance & Investment Questions

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Sticky: Mortgage News by loanarranger Started by loanarranger, 23-12-2015, 19:43 PM	284 responses 21,496 views 0 likes	Last Post by loanarranger 17-01-2019, 11:02 AM
Buy to let and re mortgage ... please advise.. by Uselesswithmoney Started by Uselesswithmoney, 14-02-2019, 19:28 PM	4 responses 53 views 0 likes	Last Post by loanarranger 15-02-2019, 20:35 PM
To do up a property to sell or not? by Samwelly Started by Samwelly, 15-11-2018, 15:01 PM	6 responses 131 views 0 likes	Last Post by jpucng62 15-02-2019, 17:24 PM
GBP zero valuation!!!! by dizzymill Started by dizzymill, 15-02-2019, 15:03 PM	6 responses 58 views 0 likes	Last Post by jpucng62 15-02-2019, 17:09 PM
If you were just starting out by Propertygoesup Started by Propertygoesup, 12-02-2019, 16:29 PM	7 responses 94 views 0 likes	Last Post by theartfullodger 15-02-2019, 12:59 PM
Which property to buy by Propertygoesup Started by Propertygoesup, 31-01-2019, 11:06 AM	7 responses 161 views 0 likes	Last Post by buzzard1994 14-02-2019, 08:40 AM
Is this viable longterm? by investor11 Started by investor11, 06-02-2019, 20:02 PM	6 responses 101 views 0 likes	Last Post by PJackson 13-02-2019, 14:25 PM
Transferring Buy to Let Properties into a Ltd Company by SuperRachman Started by SuperRachman, 09-02-2019, 11:17 AM	13 responses 154 views 0 likes	Last Post by KeepTheFaith 12-02-2019, 08:48 AM
Portfolio mortgage by ts455 Started by ts455, 11-02-2019, 18:15 PM	1 response 35 views 0 likes	Last Post by loanarranger 11-02-2019, 20:52 PM
Should I consider buying another property? by Propertymagnate Started by Propertymagnate, 03-02-2019, 12:11 PM	7 responses 175 views 0 likes	Last Post by jpucng62 09-02-2019, 13:09 PM
What to do with £200K? by sony Started by sony, 29-01-2019, 07:48 AM	16 responses 261 views 0 likes	Last Post by tatemono 09-02-2019, 06:21 AM

Buy to let and re mortgage ... please advise..

Uselesswithmoney

Hello All

I am a first time poster so please be kind .. I know most of you lot are probably seasoned professionals but my dilema is .

In 2013 i inherited a property , i did it up and rented it out , it is still being rented at present ..(No Mortgage) current value about 275000....
- Channel: Finance & Investment Questions
14-02-2019, 19:28 PM
Reply to Buy to let and re mortgage ... please advise..

loanarranger

If you let your present property because the market is against you but you buy a new primary residence , you will initially pay the 3% SDLT premium but if yourformer home is subsequently sold within a specific period ( I think it is 36 months) you are entitled to a rebate.

Inherited property...
- Channel: Finance & Investment Questions
15-02-2019, 20:35 PM
Reply to portfolio landlord struggling for lenders

loanarranger

You seem to have misunderstood the criteria of BM & TMW , as you have 4 properties as BtL’s you fall under a much stricter affordability regime which does carry an assessment of each property meeting their Portfolio rental assessment, have an adequate level of income BM for example require a minimum...
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15-02-2019, 20:30 PM
To do up a property to sell or not?

Samwelly

We have had a long term tenant in a house we rent out for many years. They have now left, but the property is in poor condition and needs repainting inside and out and new carpets throughout. The bathroom needs completely re-doing. The question is whether it is always worth renovating before selling...
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15-11-2018, 15:01 PM
Reply to To do up a property to sell or not?

jpucng62

Certainly doing it up yourselves & getting a higher sales price is likely to generate a higher tax bill so is probably not worth it. But by spending just a little on it ie. getting it clean & slapping white / magnolia paint on the walls, you may increase the value by more than you spend. Most...
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15-02-2019, 17:24 PM
Reply to Buy to let and re mortgage ... please advise..

Uselesswithmoney

Thank you both for your quick responses ... another quick question if i may if i am selling the home i live in and remortgage BTL 75% , will i still have to pay the extra stamp duty charges because its a second home .....will the class the BTL (inhertied ) as the first home .. Thanks again
- Channel: Finance & Investment Questions
15-02-2019, 17:17 PM
GBP zero valuation!!!!

dizzymill

Hi there.

My daughter has had an offer accepted on a 2 bed detached house that needs some improvements. Offer is 200k. The house in question is in a desirable location but at present is surrounded by land with lapsed planning for 12 properties (no social housing). Obviously once these...
- Channel: Finance & Investment Questions
15-02-2019, 15:03 PM
Reply to GBP zero valuation!!!!

jpucng62

When I was buying my house we had a £0 valuation. Our house is on high ground with a wall around 2 sides approx 14 foot high outside the garden in places although only 2 foot inside the garden. There were some cracks in the wall & we had to get a structural surveyors report & then had to agree...
- Channel: Finance & Investment Questions
15-02-2019, 17:09 PM
Reply to GBP zero valuation!!!!

loanarranger

A good broker will discuss the merits of the application supported by a copy of the valuation. Some lenders will do a soft footprint atAgreement in Principle stage and the hard footprint made when a full application is submitted. The brokershould egagewith his local business manager whom he knows will...
- Channel: Finance & Investment Questions
15-02-2019, 16:53 PM
Reply to GBP zero valuation!!!!

dizzymill

So all may not be lost just yet?
- Channel: Finance & Investment Questions
15-02-2019, 16:02 PM

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