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  • Buy-to-Let

    Time to sit on the side and watch the market?

    I’m not sure today is a time to remortgage your home in later life but every one to there own especily with s24 older home owners may have pensions state pension  and it all adds up and can cause a s24 problem

    I can see opportunities if you have cash in the bank

    pick carefully on yeild and I don’t think you can go wrong

    my own plan is fix long term pay capital off with a repayment mortgage and in 10 years be low leveraged  I work out you pay off roughly one third of a mortgage in 10 years and with the deposit your sitting on a low leveraged investment. And of course a good rental cashflow which creates more deposits along the way for the right property purchase

    let capital values take care of its self time is kind to Propertys

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    Learn Change and Adapt ?????

    All comments are for casual information purposes only. If you wish to rely on any advice I have given please ensure you obtain independent specialist advice from a third party. No liability is accepted for comments made.


    Glad to see at last you are investing again DL

    Very surprised you are taking out a mortgage though

    For about 3 years you have being saying cash cash cash only

    Why the change of heart?

    If I bought again with a mortgage I would still do IO and keep control rather than C&R

    Pay off 10% capital pa if i felt the urge 

    But at least that way  i remain flexible

    I prefer my money with me rather than the lender

    Then if I see an opportunity I can react that day

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    Jonathan Clarke. http://www.buytoletmk.com


    My change was because I am seeing opportunities which I did not think would be there

    and I am buying via my company

    cash in your pocket I’m borrowed is king  but I only buy on high yeild

    if my guess is right the market is going to throw up opportunities going forward

    but I am skimming off profits into pension via the company so it’s a low tax environment and I like that

    that’s why I am borrowing via the company but not in my own name with high levarge

    I’m at an age where pension fit my purpose

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    Learn Change and Adapt ?????

    All comments are for casual information purposes only. If you wish to rely on any advice I have given please ensure you obtain independent specialist advice from a third party. No liability is accepted for comments made.


    Are you happy to share exactly what the opportunities you are seeing now which you didn`t see before and also are you happy to share what your figures are ?

    I thought you were going to wait till the market had crashed which is what you were predicting

    Has that crash occurred now in the NE ?

    And you kept saying you were only going to buy with cash for BTR

    So there has been a big change in your strategy it seems . Vanilla BTL and borrowing again

    And me and  your many followers would no doubt love to see the thinking behind this change 

    Apologies if I`ve missed it if you have outlined the detail on another thread

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    Jonathan Clarke. http://www.buytoletmk.com


    The question I ask myself is do I see a thriving market

    my own answer is no

    I see a lot of froth in the market

    I see lots of three bed houses for sale at 125k but a lot are not selling


    I see steady rents not big increases but it’s ok

    I see help to buy and I see FTB buying them

    so second hand properties are there to be purchased at around 80k each

    I need around 23k per purchase to buy a 80k property

    and it will clear over £300 a month

    I dont see any point in buying in my own name so it had to be via the company

    I see issues with a company that’s true and it’s with drawings profits

    so my chosen route is directors pension

    I can ring fence up to a million in pensions which is do able

    it’s all down to buying right for cash flow  if there there to buy I will buy

    it’s pritty simple stuff really

    so result is invest 23k and make 300 a month

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    Learn Change and Adapt ?????

    All comments are for casual information purposes only. If you wish to rely on any advice I have given please ensure you obtain independent specialist advice from a third party. No liability is accepted for comments made.

    Are you saying you are  buying a 3 bed house for 80K @ 75% LTV which  is on the market for 125K  ?

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    Jonathan Clarke. http://www.buytoletmk.com

    I just go around and make silly offers on three bed houses

    I know someone will take the offer JC

    im not desperate but some sellers are

    sounds hard but it’s business J c

    but I have also noticed some owners are dropping price too

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    Learn Change and Adapt ?????

    All comments are for casual information purposes only. If you wish to rely on any advice I have given please ensure you obtain independent specialist advice from a third party. No liability is accepted for comments made.

    So offers are being accepted at a hefty 45K from their peak!  . That`s a 36% discount

    The NE has suffered yet again then if people are letting 45K profits go in order to get a sale

    You always said you would not sell but  you would have bagged 45K per property if you had

    20 say @  45K = 900K . Nice little war chest that would have been to buy back in now at 80K

    Stuff you are buying for 80K must be stuff like this i guess at 125K

    https://www.rightmove.co.uk/property-for...76155.html

    https://oneandonlypro.com/for-sale/details/1401656

    You always predicted a crash in the NE

    And you were right

    Fortunately  MK hasnt seen anything like that crash

    If my 125K ones dipped to 80K I would follow in your footsteps

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    Jonathan Clarke. http://www.buytoletmk.com

    Well 36% fall in prices is not far off what I have been saying for months. That's the forced sellers but it just brings other prices in the area down as well. My 50% fall in property values now looks a reality.

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    Just another point Jc the same properties were selling before the 2007 crash at 145k  so they have not recovered in real terms to that level

    a lot of this type of houseing was sold under right to buy in the 80s and were sold at around 12k so if it’s a deceased estate the owners have done ok even at 80k

    its not common to find what I want so it’s a matter of take it when it’s there but I am sure I will find the bargains

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    Learn Change and Adapt ?????

    All comments are for casual information purposes only. If you wish to rely on any advice I have given please ensure you obtain independent specialist advice from a third party. No liability is accepted for comments made.