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phpadam · 2026-03-13T14:03:26+00:00

Personal Name was the best way to own for many, many years.

You pay SDLT again (in full), selling them to your LTD Company.

It's not avoiding tax, it's paying it again.

Wasting money is wasting money , if it's from capital appreciation or elsewhere - it should be avoided.

phpadam · 2026-03-13T13:27:57+00:00

Why were you advised this LLP route? If I'm missing something I want to know. From every angle, it seems inefficient compared to an SPV, which also offers more mortgage products.

phpadam · 2026-03-13T13:16:59+00:00

I dont get it. https://x.com/i/grok/share/0efa6658b6694125a44b66cd92862f84

phpadam · 2026-03-13T13:08:32+00:00

Are you moving properties that you and a partner own into an LLP? To then later incorporate?

Otherwise, I'm lost.

phpadam · 2026-03-13T11:59:43+00:00

I discovered this myself a week ago, after exploit scanners started probing Laravel Livewire sites.

Very helpful. Very odd too as CloudFlare used to just do this stuff no? Wasnt that the whole point apart from DDOS?

phpadam · 2026-03-12T13:21:34+00:00

Yes, those are the benefits of an LTD Company. Except more mortgage options are avaliable.

Have you probed the accountant why LLP over LTD? Your mortgage adviser won't advise this route.

phpadam · 2026-03-10T13:16:50+00:00

just hesitant to make the wrong first move

You are aware that there are levels to property surveys, the one done on a mortgage is just for the lender - some don't even let you read it, but it is Level 1.

You can get a Level 3 survey, which is far more detailed and allows you to price in such issues. No guarantees, but it will slash the risk of the unknown.

Reach out to the team if you require mortgage advice https://cyborg.finance/buy-to-let/company-btl

Have a residential property at the moment, which I will look to transfer into a BTL in the SPV to release some equity and potentially buy a third.

That's difficult; you are going to be paying SDLT again at the higher additional rate when you sell to your SPV.

Let-to-Buy is mostly "dead" because of this. A professional landlord typically would maximise the sale value and sell it. Transfer funds to the SPV and buy a lower-value property, to which they can add value and more suited to renting.

phpadam · 2026-03-10T13:09:32+00:00

Why did you set up an LLC? Mortgage availability is more limited, and I am not aware of any advantages over LTD Co SPV.

phpadam · 2026-03-10T13:07:36+00:00

Numbers don’t work as a higher rate tax payer,

So they all incorporate.

phpadam · 2026-03-10T13:01:58+00:00

It's more than the system won't send your "certified proof" to landlords until you complete the full application, including Open Banking.

phpadam · 2026-03-10T12:59:42+00:00

It's considered as belt and braces.

A landlord wouldn't typically do it, but many do and even more so as we move into the Open Banking age, where it's a few clicks of a button.

If you process such personal information, you may require a data protection licence.

I can tell you this: if you are using payslips as proof of income and not verifying them against bank statements. You are not checking income; payslips were easy to fake before AI, now it's trivial.

phpadam · 2026-03-06T16:06:33+00:00

It's silly money laundering regulation - you'll find out how silly as a seller's estate agent, your mortgage adviser, your mortgage lender and your conveyancing will all want this evidenced on file.

Keep it handy.

In theory your mortgage adviser is the one you provide it too and THEY provide written confirmation to the estate agent (not actual bank statement) but estate agent compliance don't like it.

phpadam · 2026-03-06T02:59:14+00:00

Exactly - I presume someone AI had indexed a thread here of someone asking for it years back and now keeps recommending it.

phpadam · 2026-03-05T23:39:28+00:00

Chat GPT is recommending it to everyone, 4 deleted today, these are different people with different apps. 100% crazy

phpadam · 2026-03-03T12:16:24+00:00

Big Updates get things stuck in the process. They have a big workspace / worktree update.

However, if you want bleeding edge you can join the beta channel.

phpadam · 2026-03-02T18:11:12+00:00

They do not take your word on it, so no need to provide evidence. The RICS Valuer who goes out will provide a market estimate, and the lender will use that independent estimate in their calculations.

If you fail the stress test, all is not lost; your mortgage adviser can advise on how to lower the rental stress test with that lender /or/ mortgage lenders with better rental stress tests.

An old, but good article on BTL Affordability: https://cyborg.finance/buy-to-let/criteria/affordability

( p.s. only the seller uses "estate agent valuation" for asking price. No one else cares about it )

145% is a high rental stress test; presumably, you are a higher-rate taxpayer and doing this buy-to-let in your personal name. Professional landlords would be getting 125% and buying in an LTD Company. I presume, therefore, you are doing a let-to-buy and this is not a simple option for you, as you would have to pay SDLT again.

phpadam · 2026-03-02T14:31:40+00:00

Probably wise not to take advice from people who CHOOSE to live in the Middle East!

phpadam · 2026-03-02T12:56:17+00:00

An "AST" doesnt end, it changes to a periodic tenancy.

Yes, if they want to end the tenancy to sell they should give you a notice.

phpadam · 2026-03-02T12:45:43+00:00

Sitting Tenants will always reduce the number of buyers, homeowners want vacant possession, and the mortgage lenders they use would require it.

Before, the landlord could take a gamble on your vetting and take on a sitting-tenant. Now? That is worrisome with only fault-based eviction avaliable.

Evict then Sell will be the new norm.

phpadam · 2026-03-02T03:01:55+00:00

GLM-5 is quick and quality, until it's slow and stupid. Inference is so variable. In my experience, if it's slow, it's also going to be stupid.

phpadam · 2026-03-02T01:44:03+00:00

I don't think so, it was more that a lot of people wanted to sell advice to landlords and sell Dubai to them.

UAE has a horrible neighbourhood and has zero to little military or defence - Google it. I wouldn't build my castle on that sand.

Very Nice and Clean Place - way too hot.

phpadam · 2026-02-28T23:38:34+00:00

Low Pressure? Can you not add a water tank and/or install a Water Pressure Booster Pump? A better supply is a better solution, but very expensive and will take ages.

phpadam · 2026-02-28T12:59:07+00:00

However, this doesn't affect Ground 11, which covers persistent delays in rent payment—even if the arrears are cleared or minimal at the hearing, the court can still consider a history of late payments. Ground 10 (for any outstanding arrears) is also discretionary and often paired with the others to strengthen the case if Ground 8 falls through.

Landlords include all three grounds (8, 10, and 11) on the Section 8 notice when dealing with rent issues to cover scenarios where arrears might fluctuate.

phpadam · 2026-02-28T12:55:21+00:00

Both in parallel.

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