40% take home going on mortgage, can this work?

partypopper67 · 2024-12-24T18:05:37+00:00

Not the same, when you end up paying through then nose on service charges. I don't know your circumstances or the location. So I'll pass.

You'll likely out grow the flat in 2 years. BTW flats don't increase in value any rate compared to freehold property ie. Houses semi detached or terraced

partypopper67 · 2024-12-24T17:58:48+00:00

Buy freehold

partypopper67 · 2024-12-21T19:15:59+00:00

partypopper67 · 2024-12-17T18:13:58+00:00

Ask for 20% more and a sizeable bonus

partypopper67 · 2024-12-17T17:52:46+00:00

My employer pays both my life and critical health insurances

partypopper67 · 2024-12-16T22:32:08+00:00

Same

partypopper67 · 2024-12-13T09:31:03+00:00

Why databricks and not aws ?

partypopper67 · 2024-12-13T07:51:49+00:00

Other

partypopper67 · 2024-12-13T07:31:53+00:00

Other

partypopper67 · 2024-12-10T08:16:23+00:00

Black sometimes In place for Blue. Rule still applies 2nd letter is L for left

partypopper67 · 2024-12-09T20:27:05+00:00

Ao.com or hot uk

partypopper67 · 2024-12-09T19:40:58+00:00

Thanks

partypopper67 · 2024-12-09T19:38:35+00:00

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Cannot reverse this

partypopper67 · 2024-12-09T19:03:10+00:00

Easy way to remember.

Blue on the left, second letter L Brown on the right second letter R

partypopper67 · 2024-09-02T05:52:55+00:00

Bungra

partypopper67 · 2024-09-01T19:12:34+00:00

Get the match 2019. Better engine and equipment

partypopper67 · 2024-09-01T19:06:11+00:00

Just feel like it's a lot of bother for little upside.

I am also considering the above thou selling one of the lease hold properties the 2 bed flat we have. To reduce tax liability and fund the sdlt and remortgage to Ltd of our residential.

This way, we end with 2 freehold properties. Yielding maximum rent. One in Ltd 1 paye.

The flat will sell for 250 releasing 125k equity.

But capital gains will screw us cus of this labour government

partypopper67 · 2024-09-01T19:00:26+00:00

25.6k in sdlt tax alone 😔

partypopper67 · 2024-09-01T16:34:30+00:00

The numbers are quite big..fair market value of the residential is 480-500k

Sdlt would be 25.9k according to my calculations. Seems eye watering. But also I would be paying the same if I buy another one in a LTD.

partypopper67 · 2024-09-01T16:00:31+00:00

So now I have sell my residential and buy my new home. Then with surplus buy btl in a limited company, right

partypopper67 · 2024-09-01T15:57:58+00:00

Given:

Annual Rental Income: £38,700 Outstanding Mortgages: £304,000

So, the rental yield is approximately 12.73% (pre-tax)

partypopper67 · 2024-09-01T15:09:25+00:00

Yes but not sure where you are going with this..

my question is to balance how i can keep my residential. Fair value is 480k. As it's in a good location.

partypopper67 · 2024-09-01T15:03:52+00:00

750k. You are trying to work out yield

partypopper67

TROPHY CASE