Hi, I'm shortly viewing a properly that's non standard construction (steel framed prefab concrete. Called 'cruden rural'. Several thousand made in Scotland around 1950). From doing some basic research (I'll do more before seriously considering buying) and asking locally, it seems these houses ARE mortgageable and do sell without massive hassle. I'd be a cash buyer. Hopefully around £95,000 if accepted.   I'd be looking to flip it, and had liked the idea of putting on a small timber framed extension (it would the kitchen much nicer and more desirable to future potential buyers). The extens ..read more

Hello, I'm hoping someone has some knowledge they can share on here. I have a limited company with a pension attached. Last year the pension loaned the company the money and we (my husband and I) bought a property, which is now bringing in an income as serviced accommodation. We need to repay the loan in 5 equal installments, the first one later this year. Our original plan was to mortgage the property and use this to repay the whole amount. However, with recent increases to mortgage rates, mortgages being pulled from the market and a massive down-valuation on the property, this isn't looking ..read more

Hello wise and knowledgeable ones! Your wisdom and experience is required with the below two questions pretty please;    In general when buying in a limited company if there are multiple shareholders (one major and two others with small minority shareholdings) would lenders require a personal guarantee from all of them?  In general when buying in a limited company if there was only one shareholder would lenders allow you to use the salary of a non shareholder as proof of income? Or would that non shareholder then have to give a personal guarantee?  Many thanks ..read more

Good afternoon! I am seeking guidance on how/if having multiple minority shareholders within a limited company would significantly limit the number of mortgage products available? Context: I am in the process of setting up a group limited company structure and would prefer the parent company to have a couple of other minority shareholders (family members with class B & C shares), with myself as the majority shareholder (Class A shares). Sitting below the parent company would sit the investment company which would be 100% owed by the parent company. I would be the sole director of ..read more

Hello, I have a very small rental portfolio and would like to expand by one or two properties. I have enough cash for a 25% deposit but I left my job last year and have no income (apart from my flats which is only about 11K per year). I think I would struggle to get a mortgage due to my low income.  My question is- would I find it easier to get a mortgage if I set up a limited company- or does the company have to have been trading for a time and show a profit? Any advice would be much appreciated.   many thanks   Carrie     ..read more

Hi, I plan to make my first property investment BTL or flip, and any suggestions would be very helpful. About me I live with my partner in Cambridgeshire; I quit my job a month ago (long commuting time as I worked in London), and before I started looking for a new job, I decided to get my head around property investment which I always wanted to do. I don't want to spend more than £45k: £30k to purchase the property and £15 additional costs: mortgage, small renovation etc. Plan I thought of doing BTL (maybe flip as I have time on my hands) further in the North (Derby, Nottingham, Sheffield, or ..read more

Hello.  I am a British expat living abroad with my family for  the last 6 years. I moved abroad with the purpose of building up enough saving for a deposit to buy a property where to live in London. After few years of research instead, we have not been able to find a property where to live and decide to buy a 1 bed flat as an investment. As an expat the benefits of first time buyers are significantly reduced and lenders don’t give live in mortgages, only buy to let and similar. I am now in the process of finalising the purchase of this flat paying 50% deposit and 50% with mortga ..read more

Hi,  I'm currently an overseas UK citizen, Ive been an expat for 18 years. In the next 6 years or so, my wife and I wish to return to the UK. we would like to start investing in property to establish a portfolio before returning. I have set up a limited company in name and share ownership. We have no bank account as yet, and have not traded. As we have been expats for so long, we don't have a UK credit score, although we both have separate Uk accounts that just pay for small monthly bills like spotify and national insurance.   Id like to understand what would be needed for the busine ..read more

I am currently in the process of buying a property and funding it will be the sale of two properties and a mortgage. After selling the two properties, our offer being accepted and getting an AIP, everything looked rosy. Now one of the property sales has fallen through and while I know we will sell it again, I don't want to lose the property we've been accepted on as it's the house we've been waiting for. The ideal scenario is we find a buyer for the property fast but i'm trying to pre-empt things. I know there's the potential of a bridging loan to cover the shortfall until the house is sold, b ..read more

I've had an offer accepted on a property which has slight fire damage to one room. It's a cash purchase which will be refinanced after uplift in value. Now this is a terrace property in a nice area one side a lovely house, then there's this one with a bit of fire damage  However then next side on are two more derelict fully fire damaged property's. Is it possible to get a mortage on the newly renovated house because of this and how will it effect its end value?  I plan on purchasing the other two once this one has been mortgaged. Again this is a nice area, they are the only propertie ..read more