Hi! I am currently considering to investing in London (first time buy). 250,000 GBP house at around 10% deposit, 6-7% interest for 20-30 years tenure. Does this makes sense as an investment which I purely intend to rent as an additional income source? Also, what about renting it out on AirBnb? Will really appreciate some help here 😊

like
Posting as :
works at
You are currently posting as works at

You wont get a BTL in London with a deposit less than 25%. Your mortgage wont allow you to rent via AirBnB (needs to be a fixed tenancy). Mortgages have interest only fixed for up to 5 years.

London is a stagnant property market right now..

Related Posts

Hi y’all! I’m a financial educator and my job is to help families in need of financial education! I help anyone on learning how money works here in the US & how to get rid of debt! I offer financial products that help you protect and grow your money. I’d love to help you out in reaching your personal financial needs!
I’m also always looking for people to hire!

like

This might be the wrong place to ask but is getting a car worth it?

I think it’ll somewhat improve QOL but with parking, insurance, gas and financing costs I’m not sure spending almost 1K/month is a good idea at 22.

The other problem is that used cars are so damn expensive right now so I can’t just buy a used mx5 for 5-10K

like

Can anyone shed some light on quant funds please? https://groww.in/mutual-funds/escorts-tax-plan-direct-growth
I am seeing stellar returns and extremely low expense ratios but apparently since they're quantitatively managed algorithms, they don't account for things like corona for example.

like

Senior manager and associate partner at MBBKOW how comfortable are you in dubai? Can you afford a nice house, car and generally (within reason) not worry about money?

Assume wife works as manager in big 4 consulting

like

A lot of my friends (on H1B) have bought houses in suburbs (or away from City) the past year. I really would like to stay near City (NYC). Any of you considered or have bought apartments in City area instead of huge suburb houses? Any pros and cons that you are aware of?

like

Does anyone think there is long-term viability in Cryptos?

like

Planning buy Audi Q7. Dealer says there are no rebates and offering the car at MSRP. I know we can get it for much lesser. Any tips about negotiating?

If I invested a small amount through a SAFE and the company is now kicking off a seed round that will be a priced round, should I invest in more in the company before or after this seed round? Assume I have the money and the risk appetite - just want to know if my money buys more before or after the priced round.

like

Was there ever a time you wanted to give up being a real estate agent?

like

Any recommendations on JV funds, hard money, private equity etc to fund MFC deals and great residential deals brrr/flip. Finding some great deals in my local market. Any tips on raising capital or attracting investors?
Thanks in advance.

like

Thoughts on buying into Wells Fargo now, at their 52 week low basically.. Bank too big to fail of course and their imposed caps on grown expire in a year or 2 I believe with regards to how much $$$ they can lend out or take in...

like

anyone see the irony in the fact that one of the only coins to hold steady in dollar value during this entire mess is TRX, which was berated by all prior to the crash? :p too bad I don’t own any 😭

Los Angeles, ACD (art), 34, $150k

Hi guys, should I buy lumpsump for coffee can investing or do SIP ? And one more question if you guys can help . At what point let say I hold a coffee can stock when should I exit. I am planning to hold for 10 years but how do I know that this stock is not relevant now or some red flag I should exit .

like

Trying to gauge how broke I'm going to be. Arlington. 78k salary. 1300 rent w/ a roommate. 15k student loans. Should I keep my beater car or do you think I can afford an upgrade?

like

How do i start investing in stocks? Any tips/sites or apps?

Any tax accountants/attorneys in here? What would happen to the 401k of a foreign worker if they cannot longer maintain an immigration status and have to go back home? What about a ROTH 401k? Assuming they made after-tax contributions, would they still be able to take tax-free distributions if they are non-resident aliens for tax purposes?

like

Anyone finding it harder getting managed money biz? If so, what changes or adjustments have you made in prospecting or sales approach? Thanks.

like

Hi fishes

My package is 25.5 LPA fixed. Can someone suggest which tax regime would be better for me. As of now I do not have a home loan to claim tax benefit.
Also what could be the in hand salary in my case.
PF deduction : 153000

like

How big is to big for an initial investment property. Theres a 20 SFH portfolio for sale by me for about a mil. Is this to big to start with initially? I'm less worried about the Financials (feel comfortable on that end) and more worried about the managerial aspect.

like

More Posts

Anyone else work on Medicaid projects after coming from commercial and amazed at how dysfunctional the operations are?

likefunny

Do you find that what you find attractive physically has dramatically changed over the years? Everything from body type to facial features I swoon over is so totally different

like

These guys have had this job listing up for about a year, or seems...

Post Photo
like

I had recently attended the interview at IQVIA for sql developer position, but when I received the offer letter the designation mentioned there is "Software engineer- technical operations 130'.

Just wanted to know if this is some kind of a production support role.

Can anyone please help me understand this?

TIA !

like

Can those not picked in lottery earlier this year and whose status still reads submitted still expect a selection over the next 2 months in case those selected are denied approval?

like

Hello 👋
I need to choose between Brillio, Tech Mahindra and Deloitte.

Brillio : 15 fixed
Tech Mahindra : 15.4 fixed + 1.7 variable
Deloitte : 13.7 fixed + 10% variable

Can someone please provide insights on what to go for based on their experience? Considering various scenarios like hike I may receive in future.

like

anyone here do UX Design or Customer Success?

like

Anyone here got an Exec MBA while working full time? How did you manage?

like
like

I was not getting any proper job, I joined a company as System Admin (the position name is only in pen and paper their actual work is data entry operator) on 3rd party payroll. The company only gives salary which is lowest in market. they don't provide any facilities. there is no career growth, learning facilities in this company. Still I am not getting proper job. Now I am forgetting the things I learned. Fully frustrated with my job. Please suggest how can I overcome the problem.

like

Hello Everyone, What is it like to work as an "IT Research Specialist" at Ford Motor Company?

like

Best books on entrepreneurship? Trying to find a good birthday gift for a friend thinking of starting his own company and exploring business ideas

like

Good morning, I am a recent under-grad and working as a BI Developer. I’m looking at transitioning to a project or product manager role and I have 1+ YOE. I know the job market is not that great as of now but I’ve applied to countless PM roles and have had no success. I want to know from other PM’s if it’s necessary for me to get a PMP certification before I can get a job or it’s not that of a requirement?

like

Competitor asked for my salary expectations to jump ship and I provided it to them. If I get a raise before they provide an offer, is it ok/proper to revise salary expectations higher?

like

Does anyone have sources of health insurance cases for prep? Having an case interview with an insurance company coming up

like

what is the average % of the variable pay KPIT pays

like

Has anyone been admitted to Massachusetts by transfer of UBE score? I submitted my application in July and took and passed the state law exam today. How long after this were you admitted? Thanks!

like

Hello fishes,

I'm a Business Analyst with 1.2 years of experience and currently, I'm trying to switch to a different organization.

I have worked on and have been part of various analysis and case studies in my current project and have experience working on Bridge Insurity tool, Python , SQL ,C#, .NET, Data Structures and Algorithms.

Please let me know if there are any related opportunities in your firm.

Thankyou!

like

Can someone refer me for Tech Support Specialist role in Google. Please let me know.

like

Additional Posts in The Real Estate Bowl

Hi, has anyone worked at Freddie mac? Particularly the multifamily investments division?

How long did it take you to buy your first million dollar home? What were the steps you took to get there?

My dream neighborhood is 10 min down the road but entry point is 1.2m. Currently my house is worth around $550k

like

Anyone sell to Zillow? Got an amazing offer from them, but naturally my floor decided to start deforming right before inspection. No water damage - I can get someone out here to fix it ASAP, but wondering if it’s worth the hassle. Mostly worries inspector will think there’s water or foundation issues

like

I am looking to buy my first property soon - preferably new constructions (anything except condos) anywhere in Ontario/Canada. Any suggestions where I can turn to find new construction projects? I understand I need an agent. Until I find a good one, I am looking at the houses myself. Any suggestions where I can get information about new projects happening in the province?

like

Recently freed from the consulting game (starting end of next week) with a great severance and new energy around RE. Closed our first REPE fund last year as well as a sizeable personal portfolio in a large midwestern city, all on the side.
If you’re accredited and interested in putting some $ to work in this super low yield environment, ping me! Ramping up the next fund soon.

like

I’ve been thinking about getting into real estate investing. Not right now but later down the road. I’ve been trying to save up for a down payment. What are some good resources for a beginner? Blogs, YouTube, books etc I’m not looking for paid courses because I will be learning at a slow pace. Any help will be appreciated.

like

What are some of the things that were a MUST when buying your first home and what were some things that you were more flexible with and why? I’m having a discussion with my partner about what we absolutely need and what can be worked on later.

like

How do you judge a low ball offer with how the market is changing? Earlier this year, you would look at comps and say this is the value. Now with rates going up and people pulling out, how do you justify the value? (View point from the buyers end)

like

Got an agent and she was useless for finding good tenants. Got frustrated and finally started finding leads myself and closing on one soon. I have signed a contract with the agent for paying one months rent as fee. How can i fight this or as he has been literally of zero value add? I will ofcourse ask nicely but wanted to see if i have any other options!

like

How big is to big for an initial investment property. Theres a 20 SFH portfolio for sale by me for about a mil. Is this to big to start with initially? I'm less worried about the Financials (feel comfortable on that end) and more worried about the managerial aspect.

like

Do you thank your tenants for paying the rent? A quick thank you text?

like

I'm under contract for a new build in progress that won't be done until much later this year. I fully expect interest rates will be higher than what I originally estimated. I may or may not try to lock in a good rate early, but I'm planning on renting it out and this throws a bit if a wrench in my margins. I can take it financially, but wondering, If I absolutely needed to get out of buying it, what recourse do I have? Or could I go ahead, and refinance later (who knows rates at that time...)?

like

I'm early in my career, managed to save $30K to invest, and want to get my hands dirty with a rental property without too much risk (e.g. no HML/flipping). It sounds like that's a tall order in the NY/CT area given the prices, not to mention whether I'd be able to get a mortgage on anything below $100K, but I figure I'll give it a shot anyway. Any advice on what you might do in my position? Am I being crazy with this idea?

like

Is a sloped floor of 1/2” over 10’ noticeable? I have to make room for conduit and cannot trench in my current place

likesmart

Any good HELOC recommendations?

Ideally 90% LTV, minimal closing costs, desktop appraisal.

like

For any of you real estate investors, what tools or sources did you learn from when getting started. Can’t find a mentor currently so want to find some highly recommended books or videos. If focused on the tri-state area (NY, NJ, Long Island mainly) that would be even better. My hope is to buy and rent out a apartment while also owning a house and house hacking that by renting part of it out. Trying to understand all the steps, traps, and how to find if it’s a good investment.

like

Closing on a condo soon. Need to get 1 accent wall painted and one laundry bifold door installed. What’s an average cost to expect for this. I got quotes for 2000$, seems steep. Any recommendations for contractors in chicago area?

like

Any one familiar with Ocala FL. Does it flood? Would you send your children to the public schools? Is it a good place to live and raise a family?

like

For anyone that has bought a townhome from Lennar, are the walls fairly well insulated for sound?

What, if any, were your main complaints?

like

Correct me if I'm wrong but isn't it more advantageous to have low housing prices and higher interest rate? If that's the case, you can always refinance when/if the interest rate lowers again. Is there something I'm not seeing?

like

New to Fishbowl?

Download the Fishbowl app to
unlock all discussions on Fishbowl.
That was just a preview…
Sign Up to see all discussions
  • Discover what it’s like to work at companies from real professionals
  • Get candid advice from people in your field in a safe space
  • Chat and network with other professionals in your field
Sign up in seconds to unlock all discussions on Fishbowl.

Already a user?
Login here

Share

Embed this post

Copy and paste embed code on your site

Preview

Download the
Fishbowl app

See what’s happening in your industry
from the palm of your hand.

A phone with Fishbowl app

Scan your QR code to download
Fishbowl app on your mobile

Download app

Sign up for free to view this conversation on Fishbowl

By continuing you agree to Terms of Use and Privacy Policy

Already have an account? Log in

Sign up for free to continue using Fishbowl

By continuing you agree to Terms of Use(New) and Privacy Policy(New)
Messaging rates may apply

Already have an account? Log in

For account settings, visit Fishbowl on Desktop Browser or

General

Legal