How to extend my BTL business?

Innys1

edgex wrote: »

surely you'd put the assets into the corporate body?

...........and get clobbered with a massive CGT bill at the same time.

ratrace

danslenoir wrote: »

How about you reconsider. Homes, of which there are a chronic shortage compared with demand, are places to live in, not financial tools from which to profit.

You should also probably consider (if you haven't already) the recent tax changes that mean for many higher rate taxpayers, of which I'm guessing you are one if you already own and let out multiple properties, BTL/LTB is not going to be anywhere near as profitable as it has been with respect to income from rent. If you're banking on house price rises to give you a good return, the market does seem like it's already peaking, so you should think about what would happen if prices start falling again if your new buys are going to be mostly funded through interest only borrowing.

Why The Envy. :eek: Business Is Business

leveller2911

ratrace wrote: »

Why The Envy. :eek: Business Is Business

I've re-read the post and I can't see any sign of envy. I think you're confusing envy with someone who has major concerns about the way housing is seen as an investment rather than shelter.

But isn't that part of why the housing situation in this country is in a pathetic state. Young people just can't afford to buy overpriced houses and cannot compete with BTL who ,in the past have borrowed against the perceived value of their existing protfolio and so have been able to outbid FTB.

I have no beef with the OP but housing should not be seen as a business but a necessity. Landlords 1st priority is making profit whereas a house should be seen as a home and not an investment vehicle. Hell will freeze over before any UK Government acts addresses the problem with a massive Social housebuilding programme.

If the OP didn't want peoples opinions being posted then maybe he shouldn't post on a public forum.

Skag

leveller2911 wrote: »

Landlords 1st priority is making profit whereas a house should be seen as a home and not an investment vehicle.

Gold also should not be used as an investment asset, but only to make gold plated circuits and satellites.
It's called investing.

leveller2911 wrote: »

If the OP didn't want peoples opinions being posted then maybe he shouldn't post on a public forum.

I want their opinion on the strategy for investing, thank you. There are other forums or threads for raging.

leveller2911

Skag wrote: »

Gold also should not be used as an investment asset, but only to make gold plated circuits and satellites.
It's called investing.

But gold isn't shelter Skag, gold isn't a neccessity in life, neither is the stock market,antiques,collectables etc.

I want their opinion on the strategy for investing, thank you. There are other forums or threads for raging.

I'm not raging Skag and this is a public forum. If you Google "forum" you will find the definition of the word is "A place for debate" (which ,as far as I can see is what the poster you had a dig at was doing, certainly not raging). Maybe they were appealing to your better nature not to invest in more BTL so there are more houses for FTB to buy.There are plenty of ways to invest for your future,retirement etc.

Afterall we only need one house to live in.What the UK doesn't need is the cost of housing rising out of the reach of people who want a home and BTL are part of the problem.Thats not a dig at you but the governments in the past that gave tax breaks and actively encouraged BTL.

_CC_

You'd best getting professional help instead of help off a forum.

The finances may be doable, assuming you're comfortable with that level of leverage when houses as an asset look very pricey, but it would be the tax implications which I'd suspect you'll need to fully think through.

You may be able to mitigate this somewhat with how you structure your holdings, but I do expect that there may well be stricter regulation in the BTL lending market on its way given that the Chancellor has just announced he has handed the BoE new tools to curb lending, like it did with residential mortgages.

theartfullodger

Skag wrote: »

I currently own outright 2 properties in the Brighton area, let to students.
I would like to multiply my business and end up having 5 properties. What are my options?
.....
I am interested even long term strategy suggestions.

Just a thought, a bit radical, but either get a better job/2nd job/work longer hours, you income is higher, you have more money/savings, you can raise a bigger set of mortgage(s).

Probably a bit extreme for the average financial adviser....

cattermole

leveller2911 wrote: »

I've re-read the post and I can't see any sign of envy. I think you're confusing envy with someone who has major concerns about the way housing is seen as an investment rather than shelter.

But isn't that part of why the housing situation in this country is in a pathetic state. Young people just can't afford to buy overpriced houses and cannot compete with BTL who ,in the past have borrowed against the perceived value of their existing protfolio and so have been able to outbid FTB.

I have no beef with the OP but housing should not be seen as a business but a necessity. Landlords 1st priority is making profit whereas a house should be seen as a home and not an investment vehicle. Hell will freeze over before any UK Government acts addresses the problem with a massive Social housebuilding programme.

If the OP didn't want peoples opinions being posted then maybe he shouldn't post on a public forum.

I disagree with this stance, I may not agree with the free reign a BTL landlord has or that there should not be more stringent guidelines/laws even making money from it. However all these forums are supposedly for specific advice not for moral judgement. The fact MSe badly moderate that is another matter and it is to their detriment they don't IMO. But then they are reliant on people pressing the complaint button.

So yes if you post on a public forum that is the risk you run. That doesn't make it right for people to vent their views at individuals for asking a question, rather than asking to be morally judged.

The Mse Forum Guide states this:

"We hope this forum is a great Money Saving community for people to chat and discuss consumer issues, free from nasty comments and people trying to sell to you."

It is a great place for advice and information, I think it would be a great loss if it degenerates into moral judgement on everything, because then there would be little point in keeping it going.

fishpond

Best advice I can give is:-
A) Forget most of the twad that has been written on this thread.
Go and see a good independent financial adviser.

Looks doable to me. But what do I know.

leveller2911

cattermole wrote: »

I disagree with this stance, I may not agree with the free reign a BTL landlord has or that there should not be more stringent guidelines/laws even making money from it. However all these forums are supposedly for specific advice not for moral judgement. The fact MSe badly moderate that is another matter and it is to their detriment they don't IMO. But then they are reliant on people pressing the complaint button.

So yes if you post on a public forum that is the risk you run. That doesn't make it right for people to vent their views at individuals for asking a question, rather than asking to be morally judged.

Then feel free to hit the complaints button. Whilst your at it may be an idea to suggest to the website that they move sections away from the "forum" . As I mentioned the definition of "Forum" is "A place for debate".

The Mse Forum Guide states this:

"We hope this forum is a great Money Saving community for people to chat and discuss consumer issues, free from nasty comments and people trying to sell to you."

But housing is a consumer issue and the poster who first raised the issue of the problem of housing and BTL wasn't selling/promoting anything. The OP and or you are free to ignore any posts if they so wish.