Sounds like good advice.

My feeling on the matter is if you can make more than the cost of the mortgage (say 5%) by taking the extra cash each month and reinvesting it elsewhere then interest...

Yes they are cheeky. The mortgage works charge £30 if you take out a mortgage but don't take their insurance...

Evening,

Before rushing to evict this person have you considered talking to them about it? Highlight its not in the tenancy agreement but that you would agree to allow the dog if you secure a...

This is possible depending on the terms of the contract so unlikely to save the seller much as why would the EA allow that in their contracts...

Let us know how you get on as without any income I can't see why any lender would lend you anything... How are you going to pay it back if whilst the house is void or if you have a bad tenant.
...

Agreed. Let us know how you get on and if you need any further advice.

We're you remortgaging with an increases value or just product switching/moving away from bridging finance?

Not sure that The Mortgage Works will allow it...

http://www.themortgageworks.co.uk/lendingcriteria/btl-criteria

Loan Purpose
Purchase or remortgage in England, Wales and mainland Scotland...

Very insightful but not overly helpful... :)

I never said it had to be set in stone but I'd like a couple of references for arguing that rental prices will on average rise by 2.5% per annum say...

Evening all,

I'm doing some analysis and need to 'predict' to the best of my knowledge the 20 year change in rental prices. Does anyone know of a source historical data on average rental prices...

This is interesting, are you happy to share the name of these lenders?

Do you pay tax at the higher rate and complete a self assessment form each year?

Do you have access to other computers and will this computer be used wholly and exclusively for your letting business?

Why would your new accountant do this? To get an increase fee for the first year and to severely anger a new client?

This seems like a logical move assuming you aren't planning on rejoining the flats at some point in the future?

Seems pretty standard for repo's - I recently had to provide proof of deposit when making an offer so if you can show 25% and the rest will be made up of BTL that should be fine I'd say...

Hi Jackie,

Welcome to the forum.

Sadly I suspect the figures are worse than they look in reality.

Have you accounted for:

- Costs of lettings (gas checks etc)
- Void periods

That depends on storage options available. I'd agree on the premise that its done professionally and remains after they leave then if you can store the carpet easily great, if not store it until you...

BTL mortgages are by nature interest only but you can often pay 10% of the capital off each year without incurred any fees. Check the lenders terms on overpayment.

Will this sort of move push up prices across the board though? Say I'm a professional landlord with 100 properties and I know what on average there are 2 weeks per year void. Do I smooth the average...

Get a new accountant.... I'd be raging.

Yes you can claim like for like (or modern variations thereof) but not for any improvements.

I somewhat agree and the UK isn't perfect but we do have a huge number of opportunities in this country and in my opinion one of the best health services pound for pound in the world.

Perhaps if...

Have you looked into a bridging loan? Not a cheap way to borrow money but if this house is a real bargain and you don't want to miss it perhaps this could work?

Whenever I see these sort of things I just ask myself, "if its such a fabulous deal, why do they need our money? Surely if the deal is so good they wouldn't even need to advertise as local passers by...