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  • FIRST POST
    • MSE Helen Saxon
    • By MSE Helen Saxon 27th May 14, 5:36 PM
    • 75Posts
    • 44Thanks
    MSE Helen Saxon
    The MSE Buy-to-Let Guide
    • #1
    • 27th May 14, 5:36 PM
    The MSE Buy-to-Let Guide 27th May 14 at 5:36 PM
    Hi!

    This is the discussion thread for the

    Buy-to-Let Mortgage printed guide.


    Click reply below to discuss. If you havenít already, join the forum to reply. If you arenít sure how it all works, read our New to Forum? Intro Guide.


    Thanks folks,
Page 2
    • sjb_2
    • By sjb_2 8th Jul 17, 1:08 PM
    • 5 Posts
    • 0 Thanks
    sjb_2
    When are you actually going to publish this revised buy to let guide? the holding page has been up for months
    • sjb_2
    • By sjb_2 16th Jul 17, 10:54 AM
    • 5 Posts
    • 0 Thanks
    sjb_2
    When will this guide be published?
    • Maz
    • By Maz 11th Aug 17, 8:13 PM
    • 1,455 Posts
    • 1,470 Thanks
    Maz
    When will this guide be published?
    Originally posted by sjb_2
    Never. DYOR
    'The only thing that helps me keep my slender grip on reality is the friendship I have with my collection of singing potatoes'

    Sleepy J.
    • sjb_2
    • By sjb_2 15th Aug 17, 1:06 PM
    • 5 Posts
    • 0 Thanks
    sjb_2
    When are you going to publish this guide?
    When are you going to publish this guide????
    • sjb_2
    • By sjb_2 15th Aug 17, 1:06 PM
    • 5 Posts
    • 0 Thanks
    sjb_2
    When are you going to publish this guide????
    • harshitguptaiitr
    • By harshitguptaiitr 18th Oct 17, 4:08 PM
    • 102 Posts
    • 18 Thanks
    harshitguptaiitr
    I haven't seen the old guide so please excuse if following content is already present/considered:

    Whenever you do publish the revised guide, can you also include sections on:
    a) Capital gain tax when selling
    b) What are included as tax-deductible expenses
    c) Are leasehold fees and management company fees included as tax-deductible expense
    d) When the property is purchased by a couple who are on different tax bands, how to save money?
    e) Various landlord fees and tips on saving money? Gas safety checks, electrical safety checks
    f) DIY tips instead of getting a letting agent

    Also it will be helpful if you update the placeholder page to say if the guide will be published in 2017 or 2018?
    • 80howard
    • By 80howard 29th Jan 18, 1:40 PM
    • 15 Posts
    • 0 Thanks
    80howard
    http://www.legalandgeneral.com/adviser/mortgage-club/news-and-insight/digest/articles/290118-mansfield.html?bymInteractionId=5971513&utm_source =BriefYourMarket&utm_medium=Newsletter%2c+Email&ut m_term=&utm_content=Mortgage+Club+Digest&utm_campa ign=Instance%3a+landgdailydigest.briefyourmarket.c om+-+MessageId%3a+8219
    Just been sent this!
    Don't know if it affects tax and things but I'm keen to know - see if it's good for you!
    • Elle Driver
    • By Elle Driver 4th Feb 18, 10:39 PM
    • 1 Posts
    • 0 Thanks
    Elle Driver
    Buy to Let Advice
    Hi there,



    I bought a buy to let property in 2016. The property required work to be carried out to upgraded prior to entry to the market. This I anticipated to take no longer than 6 months. During this time I planned to project manage the upgrade whilst living with a family member some 100 miles away as not to invalidate the terms of the mortgage. However during this time I fell pregnant and so while the works continued I temporarily moved into the property with my partner to remove the need to travel to and from the property. The project however overran and we ultimately moved out in 2017 spending over 12 months in the property.

    I am considering releasing equity from the property however my credit report links both my partner and I to the address of the property though electoral roll and banking records. As mentioned we have now moved out of the property and I have placed tenants. Our current address has since been updated and added to the electoral roll. Both of these changes also appear on my credit report. My concern is that my current lender whom I wish to continue as my mortgage provider may look unfavourably on my request to release the equity I require as I have previously resided at the property. Also Iím worried they will perceive this as mortgage fraud, and call in the mortgage plus there is potential for my credit rating to be affected in the long term. My question then is whether, in the experience of others, is the likelihood of this actually happening given that I now have vacated the premises and can provide proof of tenancy and have been up to date with all payments and have an excellent credit score. As I say I have a preference to keep my current mortgage provider due to favourable rates and the ease of which I could potentially access the equity release. I have implied to the lender that I may consider switching provider as the fixed term on the mortgage shortly runs out. On balance then would you consider their desire to retain a customer higher than any concerns they have to the risk of their asset which may lead them to pursue a case of fraud and a possible impact on my credit rating?



    Thanks
    • silvercar
    • By silvercar 4th Feb 18, 11:56 PM
    • 37,098 Posts
    • 156,286 Thanks
    silvercar
    I doubt it will be a problem. If it is raised as an issue, then you can show invoices for the work to demonstrate you were preparing the property for letting.

    The reason lenders don't like people living in a property on a BTL mortgage is that used to be the way to obtain a mortgage when your income couldn't justify the amount you needed to borrow on a residential mortgage and BTL mortgages were based on potential rental income.
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