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Aug, 2016

Tuesday

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  1. Replies
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    I use companies made simple, pricing is similar...

    I use companies made simple, pricing is similar but very straight forward. The price is not too good to be true its only a registration, the main costs come with accountant fee's etc...
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    Property will always work if you buy it at the...

    Property will always work if you buy it at the right price
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    I am with both Lloyds and RBS and can sell after...

    I am with both Lloyds and RBS and can sell after one month as long as you are on variable rate. Obviously any fixed loan will have exit costs as the market may of changed by the time you exit so you...
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    I have never had a problem selling any part of my...

    I have never had a problem selling any part of my portfolio. The only time I have incurred charges is when I have had BTL individual mortgages. If the portfolio is financed at 55% and you sell a...
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    You can get a commercial loan......Lloyds or...

    You can get a commercial loan......Lloyds or Handelsbanken would be my best bet. possibly Santander also in the market
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    Makes my job really hard as there are so many...

    Makes my job really hard as there are so many cowboys with glossy brochures selling garbage cheap. How can I explain I am dealing in property which I would buy myself and do buy myself? There are...
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    London is a market with many buyers which is why...

    London is a market with many buyers which is why it is very hard to find BMV property. You want to sell then you just list it and have a very large number of potential buyers. Many areas up North...
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    Still a lot of time yet if anyone is interested. ...

    Still a lot of time yet if anyone is interested. Most of the workers will not descend on the place until next year and there are still a lot of cheap properties available. I was investing there...
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    I am based in the North and many areas can be...

    I am based in the North and many areas can be difficult but we are seeing a massive revival up here. Many of the mentioned sourcing companies can be very difficult to deal with. I run a similar...
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    This may work in London where properties are...

    This may work in London where properties are expensive but in most of the UK I do not see this working. You will have some demand but not a large amount so don't get too excited. It would just cost...
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    Looking at the Prime Ministers words she will be...

    Looking at the Prime Ministers words she will be focusing on the whole of the North and not just a couple of Cities. Looking at fiscal policy and again more words on not concentrating on cutting the...
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    No risk = No reward. Re mortgage your own houses...

    No risk = No reward. Re mortgage your own houses and buy as many as you can is my advice, do it in a limited company. Buying for cash is a bad idea as your money is not working very well for you,...
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    Now could be the perfect time to buy if your not...

    Now could be the perfect time to buy if your not based in the South or London. Looking at the 18 year land cycle and our current position in it we could have some great capital uplifts going...
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    Yeah no money ooop North, just fields

    Yeah no money ooop North, just fields
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    Surely your current lender who has the first...

    Surely your current lender who has the first charge would need to allow the second charge whatever the case?
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    Have to agree - The North is a very specialist...

    Have to agree - The North is a very specialist area and different to most areas down south with as said the decline in Shipping, Mining, Cotton Mills etc...... That said there are much better...
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    As I have said many times before.....There is...

    As I have said many times before.....There is always a crisis lurking around the corner. The Dot com bust, the great recession, the China slow down, Brexit, Grexit, Oil price crash........ There...
  18. Thread: Auctioneers

    by hech123
    Replies
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    858

    Sorry landling, I did not read your question...

    Sorry landling, I did not read your question properly but I would of thought the answer was pretty easy to understand. Are you really asking that if the price is going up by £1000 then what would...
  19. Thread: Auctioneers

    by hech123
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    858

    It depends on what increments the bidding is in -...

    It depends on what increments the bidding is in - Could be £125k or £121k or £120,500......depends how the auction is going. I would imagine £120,500 would be the absolute minimum and more likely to...
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    I would go to Oldham, an area I have been buying...

    I would go to Oldham, an area I have been buying in and it has worked quite well but I think you can find much better value there. Tenant demand seems reasonably good and it also connects in to the...
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    No- You need to finance up and buy 10. simple...

    No- You need to finance up and buy 10. simple maths = £100k property yielding 10% = £10k per annum to yourself. If you use the £100k as deposits for five houses you have £500k worth of property...
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    What kind of income is not eligible for...

    What kind of income is not eligible for declaration? Gambling winnings? Drug dealer? Gun smuggler?
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    If you google peer to peer forum you may very...

    If you google peer to peer forum you may very well see a thread on some of these companies - The House Crowd was one I have just read myself lately and someone on the forum was saying that they had...
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    I would not count on you crowd funded BTL...

    I would not count on you crowd funded BTL maturing in 2019......Do you not have to vote as to whether the property is sold? The ones I have looked at looked like a complete con whereby people would...
  25. Thread: Auctioneers

    by hech123
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    Allsops, Savills, Colliers, Barnett Ross, Auction...

    Allsops, Savills, Colliers, Barnett Ross, Auction House London to name a few
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