Drop me an email and I will send you the details [email protected]

Go ahead!

Thanks tony - this is usually included as part of my paid course - its on my website ravinderaujla.com if you are interested.

Thank you ji :) Sure drop me an email [email protected]

What do you mean Property rate? Do you mean values?

Yes thats right - you have to qualify for a residential mortgage first before using these methods.

Maybe not going back in history - but in recent times - yes - all time high!

All time high refers to all time. Recent high refers to a recent time period. Big difference. Not trying to be awkward.

?...

Thank you so much for your comment :)

Thanks so much - you can have a look on rightmove, zoolpa and land registry to see how many have sold in the block and then compare this to the number of apartments in your block. I hope that helps :)

Im not sure what this has to do with family gifts.....

Yep. This is part of what is ruining the housing market for regular people.

Not rental boxes - there is nothing stopping 'starters' using this strategy to end up with a 2 bed flat themselves and get a lot of their money back as well. Depends on how you look at it doesnt it really.

This is ruining the housing market.......I think there are wider issues at play there like the number of houses being built, interest rates, mortgages - if anything im showing people a way in which to end up with a 2 bed flat for the price of a 1 bed flat.

@essa6315 - What a silly pathetic comment that was… People need two bedrooms as a minimum in this Era, and here we have an investor creating larger homes for people! I don’t see the government doing such! Get off your high horse! 😡

@@AnswerTheQuestionsNOTHIN-jv1dm maths clearly isn't your strong point.

You need the existing kitchen or a bathroom to be opposite the living room - this is for the pipework. If the kitchen or bathroom is on the opposite side of the flat then how will you run the waste away from the living room? Freeholders dont like you running new pipework externally (understandably). I hope that helps :)

Well it is! Different kettle of fish!

Hi - thanks for the comment. I have never been refused consent and actually helped someone who was refused consent to get this over turned. You just have to check the guidance from the freeholder and take a step back and look at what you are proposing - does it sound reasonable and if so you should be ok. You can make enquiries before hand before exchange to find out if you will get consent - so you are not running the risk of not getting it once exchanged. I hope that helps :)

@@RavinderAujla It really helps. Thanks a lot!

Maybe! Drop me an email to [email protected]

@@RavinderAujla i dropped email and still waiting for your response from 4 weeks. looking forward to have the raw footage. you can send me any raw footage this video is not compulsory, i just need a talking head video. thank you

Hi - thanks so much: 1. It doesnt have to be exact - but something the lender will look for at least 50/50 they will take a view if its less 2. No - we have never been asked to have the plans modified in anyway by anyone - the question the lender usually asks is did you get consent - and the answer is yes. 3. Yes I own a 2 bedroom apartment that I will be converting into 3! The only reason I didnt focus on this is that there is a bit more risk involved because there are less 3 bedrooms apartments on the market and sold so bedding down the end value becomes harder (leads to more uncertainty). But is possible for sure. I hope that helps :)

@RavinderAujla thank you for indepth answer

Thanks :)

We are business partners so yes they are all ours :)

I nearly messaged you the other day saying this guy is copying you! 😂 really informative videos - thanks!!

Hi - at the moment it applies to electric cars as the government is trying to encourage people/companies to get these so its an incentive at the moment.

You could try and see if you can cancel early but usually there will be fees to pay so might be worth waiting until contract is up. What are you driving at the moment?

Hi - I assume there will be - best to speak with an accountant there who can help clarify if this will work in the USA. I hope that helps :)

@@RavinderAujla Thank you for this information!

Thanks :)

Thank you so much - i appreciate you taking the time to comment and your kind words :)

@@RavinderAujla No worries at all, it would be great to catch-up to see what you are currently working on spefically around the challenges of a property developer from a finance perspective. Let me know if you would be interested.

Hi. You can airbnb a property you own. If owned in your personal name then you wont be able to off set all of the mortgage costs if held in your personal name due to the changes proposed in the Budget but if its held in a limited company you can off set all the mortgage costs. I hope that helps :)

Thanks so much - it was through trial and error that i developed this model - much better than buying the traditional way for sure! You are 100% right about the mindset shift - using this model definitely makes you focus on what to buy!

Thanks so much - splitting the utilities - is straight forward - you simply contact UK Power Networks for the electrics and your water company - complete an application form, they do a survey and then let you know what you need to do and by when and the cost of the works. The application and survey is usually quick - usually within weeks and then depending on if they need to close the road or set up traffic lights the connection can take 4 to 6 weeks.

@@RavinderAujla Thanks for sharing

Hi Harps - yes definitely - its a directors loan to the company so you can charge a commercial interest rate on it :)

The solution is to get creative - not everyone will! Will you?

Thanks david - buy the traditional way then. Why would you need to sell to anyone? I think you might have missed the point of the video....Im not 'inflating' the value of the flat - im adding value to it so its worth the same as any other 2 bedroom flat in the area - so going with the market. Very few if any buy any property 100% cash - its not financially savy and you cant exercise leverage. Why would you buy a flat for say £240k cash and have all that money tied up in it when you could put a fraction of that down using a mortgage and use the rest of your funds to....well buy another one. Its not a free lunch - you need to do some work - I never said it was a 'free lunch!'

For bridging you will need 25 to 30% and the interest rate will around 1% per month. Yes you will need more money upfront but you will get a lot of it back compared to buying the traditional way - its the end result that we are looking for!

Who cares! I dont have to physically do anything for this money to come in every month! It just comes in month after month! But yes i will do a video showing what the mortgage payments so that you can see the net amount coming in each month. This money that comes in i treat as a bonus so dont live off it but maybe will in the future when I retire :)

Thanks for reply. Yes I hear you that it is extra money but what I am trying to get to is that when you need to do any major repairs or maintenance - will there be enough saving from that property or you need to get cash from your pocket? Also in period when there is no tenant how do you cover the mortgage? @@RavinderAujla

Not necessarily - you could have brains and money and lose it all....difficult to lose it all on investments as they are long term.

Thank you :)

kzbin.info/www/bejne/gquvqXynmsRgj6s

Thank you so much - i am glad it helped :)

Thank you!

Wow thats excellent and thats a lot of money to get started plus you are a builder - this will be a walk in the park for you! Drop me an email [email protected]

Hi - thank you :) Yes 100% you have to get consent from the Freeholder. It depends on the freeholder but usually its a form to fill in and can take a few weeks for them to process. They might send someone out to have a look at the apartment before the works and check once the works are complete. The cost is usually a few hundred pounds to process the application. The process and cost varies freeholder to freeholder but the above is true for the ones I have done :)

Thank you

I didnt say I did!

And yet the pictures??? Lazy video.

Just to add further to that, there is a small shared all way with seperate doors to each flat. They both have their own water connections, gas and electric downstairs and full electric upstairs including boiler etc. The council bills the CT as two seperate flats and it's recognised when you enter the post code into the council website.

Drop me an email - im sure i can help! [email protected]

Time to make it rain - drop me an email [email protected]

@@RavinderAujla thanks Ravinder. Will do that later on today 🙏🏼

Thank you so much :)

This is to lease a tesla - not buy

What are ICE cars?

@@RavinderAujla - internal combustion engine (basically normal non-electric cars)

The interior designer charged me £1,000 for the design service excluding the cost of the furniture. Most of the furniture was from Ikea so reasonably priced! I hope that helps :)

@@RavinderAujla May I have your contact details

The net loan LTV is the net loan to value - its the amount you will receive less any arrangement fees and interest - so in essence the amount your solicitor will receive on completion. I hope that helps :)

Yes the project is done and dusted. We actually went for the refinance at the time of the mini budget with Lizz Truss! So there was a lot of turmoil in the mortgage market - but by the time we completed on the refinace things had settled down and we got 75% loan to value which was amazing :) Mortgage payments are higher than expected but rents have also moved on a lot of overall we were in the same position. I hope that helps :)

Hi - we installed a water mist system which building control reccommended and also installed fire doors at the living room and bedroom entrance. I received a building control certificate for the works - so all good - no issues on value and there were no issues on getting a buy to let mortgage on this flat.