Finance & Investment Questions

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Sticky: Mortgage News by loanarranger Started by loanarranger, 23-12-2015, 18:43 PM	270 responses 20,851 views 0 likes	Last Post by loanarranger 20-07-2018, 07:42 AM
Anyone looking at buying any more property this year ? by craig2222 Started by craig2222, 05-08-2018, 08:14 AM	18 responses 354 views 0 likes	Last Post by PJackson 19-08-2018, 12:07 PM
Redundancy looming - releasing equity in property to purchase a doer upper? by jimmytwoburgers Started by jimmytwoburgers, 14-08-2018, 09:35 AM	3 responses 86 views 0 likes	Last Post by loanarranger 18-08-2018, 20:06 PM
has the buy to let ship sailed? by Laavken121 Started by Laavken121, 14-08-2018, 08:19 AM	8 responses 282 views 0 likes	Last Post by BROOSE 17-08-2018, 17:55 PM
Funding Major Repairs by simon pinner Started by simon pinner, 17-08-2018, 08:20 AM	3 responses 46 views 0 likes	Last Post by AndrewDod 17-08-2018, 15:53 PM
Credit Rating - How do i improve it? by VictoriaH Started by VictoriaH, 06-08-2018, 08:30 AM	11 responses 124 views 0 likes	Last Post by PJackson 17-08-2018, 11:08 AM
Buy to let lenders by Propertygoesup Started by Propertygoesup, 16-08-2018, 18:13 PM	0 responses 37 views 0 likes	Last Post by Propertygoesup 16-08-2018, 18:13 PM
Sell Torquay flat? by JK0 Started by JK0, 01-05-2018, 17:03 PM	5 responses 183 views 0 likes	Last Post by JK0 16-08-2018, 17:07 PM
Bad time to Invest? Needing Advice! by ReeceCM Started by ReeceCM, 09-08-2018, 13:40 PM	11 responses 192 views 0 likes	Last Post by boletus 11-08-2018, 16:11 PM
Studio Flats Minimum Size for Funding? by SofiaEvangelou Started by SofiaEvangelou, 07-08-2018, 15:34 PM	4 responses 52 views 0 likes	Last Post by hech123 09-08-2018, 18:19 PM
Best Mortgage Brokers by PeterPhili Started by PeterPhili, 05-08-2018, 11:35 AM	2 responses 61 views 0 likes	Last Post by PeterPhili 08-08-2018, 19:41 PM

Anyone looking at buying any more property this year ?

craig2222

I'm wondering if anyone is looking at buying any more property this year ? Or are you waiting to see how brexit works out ? I am considering buying another in Manchester ....
- Channel: Finance & Investment Questions
05-08-2018, 08:14 AM
Reply to Anyone looking at buying any more property this year ?

PJackson

I don't know why the solicitors are slow, but it has happened three times out of three with 2 different solicitors.
I am buying in Tameside, where I live....
- Channel: Finance & Investment Questions
19-08-2018, 12:07 PM
Redundancy looming - releasing equity in property to purchase a doer upper?

jimmytwoburgers

Hi,

I have been slowly dabbling in property for the last 15 years alongside a full time job. I have refurbished a lot of houses and then moved up the ladder. Along the way I have kept two of these properties and paid off the mortgage. So I have 2 properties, mortgage free that I rent...
- Channel: Finance & Investment Questions
14-08-2018, 09:35 AM
Reply to Redundancy looming - releasing equity in property to purchase a doer upper?

loanarranger

Brooke, the first tenet is safety before speculation. What will the situation be in 12months if the market were to be corrected , any Property acquired failed to sell and on the home front line the Mortgage needs to be paid and there are no funds available.
i fully appreciate your rationale but...
- Channel: Finance & Investment Questions
18-08-2018, 20:06 PM
Reply to Redundancy looming - releasing equity in property to purchase a doer upper?

BROOSE

hi mr mytwoburgers

your idea will work, if you mortgage your 2 renters youll have a fighting fund of around £180k, assuming you do them on interest only mortgages theyll cost you about £400 pcm, id like to think youre renting them out for more than that

just remember things...
- Channel: Finance & Investment Questions
17-08-2018, 18:56 PM
has the buy to let ship sailed?

Laavken121

Hi All,

I would like to purchase a buy to let and have been advised that the ship has sailed on this? Has the ship really sailed or is it difficult to find something viable to on-board? Also what are your thoughts on investing in Birmingham? Is it the next hotsopt? Should someone out side...
- Channel: Finance & Investment Questions
14-08-2018, 08:19 AM
Reply to has the buy to let ship sailed?

BROOSE

quite correct hech, remotely means needing a good all rounder for repairs who has a gas engineer contact and preferably a sparky
- Channel: Finance & Investment Questions
17-08-2018, 17:55 PM
Reply to has the buy to let ship sailed?

hech123

Buying in other areas is fine but thinking you will have to do zero work is a mistake. As long as you are prepared to manage remotely you will be fine, if you are relying on a letting agent 100% you will not be fine
- Channel: Finance & Investment Questions
17-08-2018, 17:44 PM
Funding Major Repairs

simon pinner

As a Board member of a freehold apartment building of over 130 leasehold flats we are considering ways to raise long term financing to carry out long overdue and now essential structural repairs.
All of the leasehoders have a share in the freehold with perpetual leasese of >900yrs and no ground...
- Channel: Finance & Investment Questions
17-08-2018, 08:20 AM
Reply to Funding Major Repairs

AndrewDod

To summarise - unless there is provision for a sinking fund you can't create one.

a) You calculate what lessees owe according to the lease.
b) You invoice that amount (say £20,000)
c) If they can't pay, then they need to sell their flat in order to do so, or take a loan, or...
- Channel: Finance & Investment Questions
17-08-2018, 15:53 PM

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