Adam Hosker

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About Adam Hosker

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    Advanced Member

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  • Location
    West Yorkshire
  • Interests
    Property, Business and IT.
  1. The Economist reports that building a office block in London is 1/5th more than New York or Hong Kong. Some of the issues highlighted include: Foundations - Tube Tunnels, Sewers, Unexploded Bombs, Roman Artefacts Narrow Streets (getting in machinery) Tight Space (requires custom built machinery) Medieval Street Pattern - requires none standard design. Planning System - Conservation Areas, Protected Views
  2. Other UK Referendum Result

    One thing that is almost guaranteed, is no one will be "going back". Every leadership contender has more or less said this AND if David Cameron was in power it'd already be in statute. Its just not cricket. They all want free trade of goods and services. They also dont want free movement of people - but - I think this possibly be negotiated away. Here is a potential Prime Minister, learning to clap:
  3. Other UK Referendum Result

    Of course there is a plan - the Plan is to "Take Back Control". That is the mandate we have given the Prime Minister, the problem is the Prime Minister did not want to listen to what the public told him and threw in the towel. Now you have a leadership battle, which is funny in itself - as even each individual contender for leader of the party, can not guarantee there plan even if they tell us what it is. As it will be a Two Year Negotiation with the EU. P.S. Dont believe the news pundits "they have no plan", what will be asked for will be "Free Trade of Goods and Services BUT not people". This is what David Cameron told EU Leaders what they will most likely ask for yesterday. This is what BoJo has been talking about since first day of campaign trail. Except - Leadership Contenders wont answer the press as your not supposed to reveal your hand before a negotiation. Kinda makes the whole thing pointless. Especially since once you tell the press your demands, they run over to the most anti-uk MEP who says "GET LOST" and then you have a headline! What we will get in the end - no idea. Possibly even retain free-movement of workers and retain rights for EU citizens already here, in return for our expats retaining rights across Europe. Funny "no plan". We already had "a" plan from one crazy Conservative MP Leadership Contender that wanted another referendum on the different plans, until the reporter pointed out that the EU could reject that plan. He soon ran away with his leadership contest in toe.
  4. Other UK Referendum Result

    On the bright side, Mortgage Rates are getting lower as SWAP rates fall. The purchase price of property in England has FALLEN for international investors. With a tighening immigration policy, investors will look to buy property to "buy in" to UK Citisenship for point based system. Exports to rise. Rise in Tenant Demand with short term increase in immigration from Europe. United Kingdom has a plan and can act on it, the EU is in turmoil and needs major reform. During the referendum campaign we were promised an open and outward looking country striking deals to buy food on the global market unfettered by the Common Agricultural Policy influx of American tourists eager to spend dollars that all of a sudden The United Kingdom is soon to be an Independent Nation.
  5. Buy To Let / Landlords BTL mortgages

    @Krista happy to help at Bespoke Finance on 08009202001. You can currently get BTL Mortgages (depending on circumstances and requirements) up to the age of 120 - at the end of the mortgage. So plenty of time yet.
  6. 20+ Landlord Money Saving Tips

    Landlords share your Money Saving Tips, help us make our property business more profitable by cutting expenditure as the new Tax Regime starts to take its first bite. 1. BUY QUALITY FIXTURES, NOT CHEAP When it comes to light fittings, sockets, doors and bathroom fittings - you want to buy for longevity. Buying cheap goods that break easily can be a false economy, having to keep replacing them during the tenancy. Tenants are unlikely to tip toe around fragile fittings. 2. Hard Flooring or Dark Carpets Your light or typical creme carpets are going to need tough cleaning or replacing at an end of a tenancy which is "fair wear and tear" so it is coming out of your pockets. Hard flooring needs replacing far less often than any carpets. Dark carpets don't "age" as badly as light carpets. Personally id go opt for hard flooring in hard warn areas (entrance & living room), Laminate or Tiles in the Kitchen and Dark Carpets in the bedrooms. New Tenants like welcoming homes and ex-tenants do have mucky shoes. 3. Offer Free Picture Hanging Service As silly as it sounds fixing big holes in walls after tenants failed attempts to hang a picture on a wall and not using proper fittings can add up! and require a paint job where not required. Doing it properly can avoid tenant drilling into gas or water pipes and avoid plastering. Although you can put "no holes in walls" in a tenancy contract and deduct it from the deposit; if you take one. Tenants like to make the place a home, that involves pictures. 4. Best Rate does not mean lowest cost The "best rate" mortgage may not mean you will pay the least over the lifetime of the finance. This can be because of high fees added to the loan or if you stick with them after the "introductory rate" a high Standard Variable Rate (SVR). Talk to your mortgage about the best mortgage over x years. Don't get confused with Introductory rate term, or mortgage term, we're talking about your broker using a calculator to add up all the costs up to the time that you think you will want to refinance. - Bespoke Finance are Buy to Let Specialists. 5. Ask about Product Switch or Fee Free Remortgages When your introductory term comes to an end, maybe you had a fixed for 2 years? ask your mortgage broker about "product switch" with your current lender. Without a new valuation or other costs your lender may offer you a new "introductory term" at low or little cost. Alternatively your broker can compare "fee free" remortgages with other lenders. As you do with energy bills, talk to your broker regularly about changing providers or just rates. - Bespoke Finance are Buy to Let Specialists, happy to compare Product Switch, Remortgages and Fee Free Remortgages. 6. Compare the Mortgage Market Use a Whole of Market Mortgage broker for Comprehensive Advice, walking directly into a bank will provide you "Limited Advice". That often means less mortgage products available to you and perhaps you don't fit their criteria and "computer says no". A good mortgage broker has access to more products, a wider criteria, broker only lenders and some exclusives from the big banks not available elsewhere. - Bespoke Finance are Buy to Let Specialists. 7. Compare the Conveyancing Market Some prefer a trusted and fast solicitor, whilst others are happy with the lowest cost. Your mortgage broker has tools from eConveyancer which lets them provide your transaction details and compare prices of several conveyancing firms. Conveyancers with capacity for more business often lower their prices! giving you some great savings. 8. Compare the Insurance Market Your mortgage broker has tools from The Source or uInsure that allows them to provide your details to several insurers at once and come back to you with the best price. Add in your own Compare the Market quote and you can often choose the lowest price insurer. Do remember to check the risks, comparison site quality insurance often omits necessities such as "track and trace" or have unreasonable terms. 9. Ditch your Letting Agent Today's tools allow you to market the property yourself and use software to remind you to complete the necessary tasks. You could save between 10%-15% of your rental income by opting to do the job in-house. 10. Find a good Letting Agent Just the opposite to No.9. If your time is more valuable generating income from your employment elsewhere. Then delegate and outsource the task of managing properties. You want to maximize your general income if not just your property income. You can still negotiate with letting agents, especially if you have a portfolio. The "best" agent may not be the cheapest if we want to ensure maximum visibility of your property and prompt response to tenants. Tenants do leave if your agent ignores their calls! that will cost you but generate the agent more money in "tenant finder fees". 11. Find a good Accountant With the new tax regime fast approaching your bog standard accountant may not cut it any longer. Talk to other landlords about recommendations of conveyancers that are knowledgeable in the lettings area to implement tax saving measures into your business. 12. Insurance: Rent Guarantee Insurance This is an added monthly expenditure to your lettings! but it can give you some savings in the event that a tenant fails to pay there rent and included in some policies in legal costs. Protect against tenants that are unable or unwilling to pay their rent by obtaining Rent Guarantee Insurance. 13. Insurance: Emergency Landlord Cover This is an added monthly expenditure, that is not a replacement for buildings or contents insurance. This insurance can cover broken boilers, leaks, lost keys and blocked drains. Protect against emergency breakdown by obtaining Emergency Landlord Cover. The alternative is to "self insure" and put a % of all rent into a pot for the unexpected costs. 14. Shop Around for Trades Your mate down the pub may offer you a good day rate but it can cost you if they are slow or do a crap job. You can use services like Rated People to obtain quotes from tradesmen for doing jobs around the property. 15. Learn your DIY weaknesses You can learn how to tile on YouTube! but if it takes you a week or two. That is a week or two of a rental void periods! Where a professional tradesman could do the job in a few hours. 16. Go Second Hand Ikea can be good for furnishings and eBay is the "go to website" but you can often find bargains at auction or on websites like Freecycle. Providing the items are of good quality - there can be savings to made compared to New. 17. Do Not Increase the Rent If you ask your tenant for more rent, then they may leave! that means costs making the property as welcoming as it was when they first moved in plus letting agency costs and void periods. Think twice about increasing rent and if you decide not to - why not let the tenant know. 18. Renovate Fast The time between a property becoming vacant and to when it is rented out, means you paying the mortgage with no rental income coming in. It also means you paying Council Tax as most councils have scrapped or reduced Council Tax Exemption. If a tenant gives you notice, arrange to go around and start making a "To Do List" and book in the trades for shortly after the tenant vacates. 19. Respond to Maintenance requests Fast and Affirmatively Tenants will leave bad landlords, value your tenants, recognise their importance to your business. The customer is always right and you should respond fast and affirmatively that you will fix problems. That does not mean they are always right about maintinance issues "electrics gone" when 20. Extended Warranty You know the usual deal, the salesperson offers extended warranty and you say no. Look at the Terms and Conditions to consider if a tenant may treat the appliance less delicate than you would. Extended Warranty may be value for money. 21. Share your Tips Come on now, you all have your own landlord life hacks. Share your money saving tips and get them added to the list. I obviously ran out of ideas! Extended Warranty! ha. Welcome! Please feel free to Register and Comment, Tell me im wrong or help landlords save money in other words - We love a good property debate.
  7. It's a common saying especially with salesmen that "Property prices double every 10 years". This is not true for a few reasons: there is no guarantee for capital appreciation. you may buy at the peak. regional anomalies. Although it is true, that using house price data from 1975 to 2015 (attached spreadsheet) that on average house prices do double every 10-to-15 years. If you buy at a peak and house prices fall, the data suggests it may be wise to gamble on history and hold on to the property until house prices restore in about 10-to-15 years. The data does not show that if you buy at a peak, than in 10 years a new peak will be double the size of that peak. The problem is we are working on nationwide averages. Is it true that house prices double "up north"? or that London and the South East are skewing the nationwide statistics. Local issues may cause the value of a property to keep low despite a national increase. In addition whilst we can use history as a guidance, capital appreciation is never guaranteed - past performance is not a guaranteed indicator of future growth. Statistics may also mislead us on property types - perhaps a over saturation of Flats in a city will see those values flat line whilst houses in the area may rally. The mantra of house prices double every 10 years is one adopted by long-term property investors that use leveraging. It is justification for their business model that even if house prices fall (and their equity is eaten away) in 10-15 years the value will be restored or greater. Whilst they in the meantime enjoy the rental yield. A little-forgotten thing called Inflation will also eat into the value. Is the £1 today worth the same as £1 will be in 10-to-15 years time. Foreign buyers will also have the exchange rate to deal with. It comes down to WHERE, WHEN, WHICH, if you OVERPAID and LUCK. Enjoy the data, timing is everything. One could even say if you bought in 1997, 1996 you could have tripled house prices! CONCLUSION: FACT!(ish) TL;DR: Data shows the mantra is true but the data may not be that great for you specificly. Plus past performance is good for due diligence it is not a guaranteed indicator of future growth. DOWNLOAD: house-price-increase.xls Welcome! Please feel free to Register and Comment, tell me im wrong! or help me prove a point - we love a good property debate.
  8. Meet the UKPT Robot

    The UKPT Robot is a programme capable of carrying out a complex series of actions automatically. We have decided to use its immense capabilities! to fetch you the latest property news. News Sources The Guardian - Property Help us Improve UKPT Robot Do you have a favourite property related news website? then please reply to this topic and we can add it!
  9. Adam Hosker

  10. Tenancy Application Form (2016)

    Version 1.0.0

    1 download

    Yes Lettings Limited - a letting agent offering services to porfolio Landlords in West Yorkshire offers for you its 2016 Tenancy Application Form / Tenancy Enquiry Form - FOR £1. Its been recently re-designed asking the required questions about Universal Credit (no longer just LHA or DWP). Need a quick Yes / No regarding the "Right to Rent" - the form asks the tenant where they are from.


  11. @Ken E Like you did with the "at" sign - it should have just worked (did for me).
  12. £100 off Conveyancing

    Have you used our Conveyancing Price Comparison system? As members of the Discount Club, you can enjoy £100 DISCOUNT. How to get the Discount? Ensure you are logged in to your UK Property Traders Discount Club Account. You then visit the Conveyancing Price Comparison website as normal, that is all. You should see a message at the top of the webpage saying "Quote includes £100 off for Discount Club Members".
  13. Buy to Let Specialist Mortgage Broker Bespoke Finance offers Buy to Let advice to Landlords nationwide. This whole of market mortgage broker typically charges £100 engagement fee, paid after initial consultation. Call Bespoke Finance today on 08009 20 20 01 with Discount Code (UKPT2016) to receive half price engagement fee of £50.
  14. Landlords Clause 24 Tax

    What is Clause 24? George Osborne unveiled a shock tax change in 2015 which will remove landlords’ ability to deduct the cost of their mortgage interest from their rental income when they calculate a profit on which to pay tax. In effect, the Chancellor wants to tax landlords on their turnover rather than profit, meaning that tax will be payable on nonexistent income. In addition the "wear & tear" allowance is to be removed, after 2016 investors can only deduct actual cost of replacing furnishings. Clause 24 Start Date To give landlords time to adjust HMRC will introduce these changes gradual from April 2017 over 4 years. 2016 Wear and Tear allowance removed. Only actual costs for replacing furnishings can be deducted. 2017, April Mortgage Interest Relief is being cut for Landlords 2020, April the maximum relief will be restricted to the basic rate (regardless of tax bracket) Who is effected? Higher-rate taxpayer landlord whose mortgage interest is 75pc or more of their rental income, net of other expenses, will see all of their returns wiped out by 2020. Basic-rate taxpayers will also be hit, because the change will push them into the higher-rate tax bracket. Very wealthy landlords who do not need mortgages will be untouched. Tenants may see landlords giving eviction notices. As they sell as the Chancellor makes there business into a monthly loss. Others may see rents rise as Landlords look to cover rising business tax overheads. Clause 24 Example: Clause 24 Calculator The Telegraph and accountancy firm Smith & Williamson created the following Clause 24 Calculator for Landlords or use the RLA Tax Calculator. How to avoid Clause 24? We can not give tax advice, so talk to your accountant, we have seen accountants recommendations. You can take use these as discussion points with your accountant: Keep Already Owned Properties in personal name. After SDLT, Capital Gains Tax and Higher Interest Rates - you may be paying more to "avoid" the tax. OR Big Landlords can move already owned properties into company. Regardless of SDLT and other tax's over the long period investment, it may be wise to cut losses now rather than wait and transfer later. Buy New Properties In Limited Company. Limited company's will continue to pay tax only on profits, they can "retain profits" in the company instead of paying out to you, corporation tax is lower for than individuals. New dividend tax allowance will be increased. Change from Joint Tenants (50/50 ownership) to Tenants in common (99%/1% ownership). To spread the Tax, decreasing one persons taxable income and increasing another persons. Beneficial Interest Company Trusts - To avoid refinancing when putting properties into a company. Incorporation Relief - If your property business is a business (learning from Ramsay vs HMRC (2012)). You may qualify for "Incorporation releif". Which means the tax can be deferred until the new shares in the new company are sold If you take any of the above to your accountant as a basis of a discussion, find a route to lower your tax liabilities if possible and discuss with your mortgage broker on how to implement your accountants recommendations. How are Landlords fighting back? Landlords have launched a self funded (donate here) legal campaign, that has initially reached £50,000 in funds and a "pre-action protocol letter" to the government . Founded by Steve Bolton & Chris Cooper this has evolved in a Judicial Review of Clause 24 and spawned the nick name "Alice in Wonderland Tax Grab".

    Version 1.0.0

    1 download

    Its a drawing of a house, well if you want to pay for it you can. This is just a test.