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scotts

Member since Jun 2015 • Last active Apr 2021
  • 34 conversations
  • 413 comments

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    Thought I was asking a lot for mine at £400.

  • in Miscellaneous and Meaningless
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    There's no mention in the advert of the areas I highlighted so I think this may be attracting people who aren't aware of the location so I've suggested the listing include this detail.

    It's somewhat a blessing and a curse as you can't get a skip to the house for renovations, delivery drivers can't find your house, IKEA get very irate when delivering anything bigger than a spice rack, shopping has to be lugged from car to house however I'd guess it's probably the quietest location so close to the centre of town.

  • in Miscellaneous and Meaningless
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    Nationwide did actually mention this when I asked them so we'd likely look to remortgage with a dedicated BTL lender and release equity at that point.

    If you explained the release as funds for improvement would the bank not be wanting to revalue the property after works and then notice you didn't improve the property?

  • in Miscellaneous and Meaningless
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    Ooh I didn't realise the "Stamp Duty Holiday" didn't include the second home surcharge, that's a considerable difference, close to 10k for the houses we'd be looking at which would wipe out any rental profit for at least two years.

  • in Miscellaneous and Meaningless
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    Yes, so our costs are likely:-

    Gas and elec safety certs (+ any work to bring up to current standards as there is some older wiring in places)
    Remortgage with dedicated BTL lender with exorbitant product fee
    ~10% p/m to letting agent
    Taxes
    Maintenance
    Void periods
    Refurb after tenancies if required, hopefully not (or go after deposit if necessary)

  • in Miscellaneous and Meaningless
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    This is actually one of the reasons we bought it, the house fronts on to a footpath and then on to a large green space, west facing so sun sets over the green with views from loft office and master bedroom too. Plus cats and daughter are away from traffic.

  • in Miscellaneous and Meaningless
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    Has anyone any experience of remortgaging and renting their current home in order to buy elsewhere using the equity as a deposit on new place?

    Getting a bit peeved with the same feedback from viewers on ours saying the parking/footpath situation puts them off (the house was built pre cars and is on a narrow footpath about 30m from street parking) as all of this information is available on Google/Maps and in the meantime the places we're viewing are being sold.

  • in Miscellaneous and Meaningless
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    If you have a copy of the Seller Property Information Form, or can get hold of it, check to see if the leak was mentioned, if not get on to the sellers solicitor for a forwarding address to send the bill to the previous owner.

    Potentially you could get the cost covered if the issue was misrepresented by the seller.

  • in Wanted Adverts
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    75? Where did you even find something that size? Local scaffolder go out of business?

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