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  • Buy-to-Let

    What would you do!?

    A completely random question and one I didn’t think I would have to think about however I was approached by a family member (well off) and said he would lend me some money (no interest etc) exact figures wernt talked about but some where upto 200k-250k. I didn’t think anything of it until he mentioned it again this week. I currently own a few BTL properties in my own name and would love to increase it.

    My question to the people on here is what would you? In the fact that what would you invest in? The end game (like a lot of people) is to help get out my 9-5 job. I have a lot time outside of work, qualified electrician and compentant of carrying out all tasks apart from gas. I have renovated start to finish a few houses.

    any information/ opinions would be great and looking forward to peoples opinions etc

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    Suggests he is seeking to avoid tax on interest - but you of course will be declaring loan on SA as rent profit offset.

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    The tax saved on the interest would likely to be no more than £2k as a higher tax payer so that does not seem to likely.

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    Call me old fashion  but there is always an ulterior motive - family or not.

    Put it this way. One day he will want the return of his dosh so what happens if it is not legally tied up?



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    Yes I can see your point completely Malcolm, it would be agreed and how it would be paid back. I.e monthly/yearly amount

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    Sounds like a good deal, however you would need to be certain what their expectations were regarding interest( you said none) and repayment. What if the suddenly wanted it back and you had it tied up in property in a slow market?

    If the want it back monthly over many years could you afford it from cash Flow?


    worst case, stick it in a few high interest accounts and earn a few extra Bob.

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