Registered with
Property118.com
Monday 17th January 2011
Total Number of Property118
Comments:
11846
Bio
UK landlord since 1989.
Wedded to property, finance, tax and law since 1987.
Enjoying financial freedom since 2003 and location independence since 2016.
Homes in Malta, Florida and Central Russia but very much British with a UK property rental and development business.
Founder of Property118.com - “facilitating the sharing of best practice among UK landlords and associated professionals”
Happy to be interviewed on your Podcast, in Clubhouse, your YouTube channel and other online events.
My speciality is landlord tax planning and I head a team of 10 specialist Tax Consultants and four Tax Barristers. We are recruiting to meet demand.
I don’t offer mentoring or training as I am semi retired and enjoying a fantastic work/life balance, but I do comment frequently and answer questions posted here on Property118.
23:16 PM, 11th July 2024, About 6 days ago
Also have a look at Tomar which was built by the Knights Templars after they got kicked out of Malta. That was also a serious contender for us and the prices are around half of the Algarve so you get a lot more property for your money.
We settled on Lagos because we have so many friends here and we wanted to be closer to the sea. We also fell in love with the beaches at Luz and Lagos. It’s also much cooler here in the evenings from the wind off the Atlantic.... Read More
21:16 PM, 11th July 2024, About 6 days ago
Reply to the comment left by anthony altman at 11/07/2024 - 21:00
The short version is that both are fantastic Countries but we fancied a change.
Rental yields are far better in Portugal but we have never invested here or in Malta.... Read More
12:43 PM, 11th July 2024, About 6 days ago
Reply to the comment left by Louise P at 11/07/2024 - 11:28
PS - I think the idea of forming a subsidiary company in Portugal is well worth further investigation.... Read More
12:42 PM, 11th July 2024, About 6 days ago
Reply to the comment left by Louise P at 11/07/2024 - 11:28
Edwina is not an Accountant but she did introduce me to a good one in Lagoa.
I live at Boa Vista so Luz is actually my nearest beach. We go there regularly. I have relatives staying with me until next Wednesday but I’m happy to meet up any evening next Thursday onwards as I’m ’home alone’ whilst my wife is visiting relatives until the end of this month.... Read More
10:47 AM, 11th July 2024, About 6 days ago
I can highly recommend a lawyer in Portugal who is Portuguese but also qualified as a Barrister in the UK.
She is fluent in both languages and provides superb levels of communication and services. She even translates all correspondence into both languages side by side.
Many of her clients are UK ex-pats and she also has a superb relationship with all the local banks.
Edwina Shrimpton
email: edwina.shrimpton@gmail.com
Please mention my name if you contact her.... Read More
8:43 AM, 11th July 2024, About 6 days ago
Thanks Rupert.
I think it would be far better if Louise was to Post the question herself in that Facebook group. She would then be notified by Facebook of all the answers.
I’m also interested in the answers so hopefully Louise will tag us both, and/or report any feedback here for other Property118 members that may be interested.
If I do get tagged into the Facebook thread I will link to the thread here too.... Read More
8:20 AM, 11th July 2024, About 6 days ago
Hi Louise
Both of the answers to your question are yes "in principle".
However, you will need a large deposit, around 50% if you want to avoid the need for life insurance for the Directors/Shareholders to cover the mortgage.
There are plenty of banks to approach, e.g. Millenium Bank. If you are in the Lagos area I can introduce you to the Branch Director of their Premier Banking. I have lived in Lagos, Portugal for just over a year.
There are plenty of Facebook Groups for UK expats in Portugal which I have found particularly helpful.
I've asked my friends Rupert end Elena Chapman to comment on this thread and to post some links to the best Facebook Groups. They have lived here a lot longer than me and are far better connected.
I hope that helps and if you are ever in Lagos I'm happy to meet up for a coffee.... Read More
9:24 AM, 29th June 2024, About 3 weeks ago
You have already been given some excellent advice here and to add to that I suggest that you make a complaint to the Local Government Ombudsman and copy to your tenant, the Council officer who signed the letter, your local MP (and their new replacement post election if necessary).
I recommend your complaint quotes the Homelessness Code of Practice and the statements made at the time my Brandon Lewis PLUS the Reform party.
I’m not sure how far it will get you but it might help to change things moving forwards and make you feel a bit better.
Meanwhile, I concur with the advice of other Members to instruct an eviction specialist immediately.
See >>> https://www.lgo.org.uk/
I hope this helps.... Read More
20:43 PM, 22nd June 2024, About 4 weeks ago
Superb video. It really demonstrates the depth of your knowledge. Well done 👏👏👏... Read More
16:09 PM, 17th June 2024, About 4 weeks ago
Reply to the comment left by SV at 17/06/2024 - 15:36
Thanks for the positive testimonial for GoCardless which will hopefully provide some comfort to the skeptics.
I've always found them to be very efficient and affordable too, which is why I have no problem supporting them here on Property118.... Read More
16:04 PM, 17th June 2024, About 4 weeks ago
Reply to the comment left by PH at 17/06/2024 - 15:21
Surely that would be speculation at this point?... Read More
9:01 AM, 17th June 2024, About a month ago
Reply to the comment left by Kizzie at 17/06/2024 - 08:43
Please redirect your question directly to Go Cardless... Read More
22:30 PM, 16th June 2024, About a month ago
Reply to the comment left by M P at 16/06/2024 - 22:17
No riskier than any vendor taking credit card payments... Read More
13:51 PM, 16th June 2024, About a month ago
Reply to the comment left by GlanACC at 16/06/2024 - 11:59
Sorry but I disagree. Click the link and save yourself a lot of time, energy and money.... Read More
9:37 AM, 15th June 2024, About a month ago
Reply to the comment left by M P at 15/06/2024 - 09:29
Great question- I don’t know.
However, when you register your enquiry with them (no commitment) a customer services manager will email you within a few hours with an offer to answer any questions you might have. They even give you their direct telephone number!... Read More
13:42 PM, 13th June 2024, About a month ago
Reply to the comment left by Kat Scott at 13/06/2024 - 13:29
The pricing options are on the landing page from the CLICK HERE link.
GoCardless are the market leaders in Direct Debit collection and I use them myself, which are two of the reasons we had no hesitation whatsoever in partnering with them.... Read More
9:52 AM, 13th June 2024, About a month ago
Reply to the comment left by Ryan Stevens at 13/06/2024 - 09:48
... Read More
17:33 PM, 12th June 2024, About a month ago
Reply to the comment left by Steve Masters at 12/06/2024 - 15:36
The incentive for the tenant to agree to Direct Debit is their ability to rent the property. There is no shortage of rental demand.... Read More
17:31 PM, 12th June 2024, About a month ago
Reply to the comment left by Judith Wordsworth at 12/06/2024 - 10:09
No problem if you use our recommended service provide... Read More
17:29 PM, 12th June 2024, About a month ago
Reply to the comment left by Kizzie at 12/06/2024 - 15:55
GoCardless deal with all the compliance... Read More