Property Development

Scott,

For a specific property sites you could try singingpig.co.uk, although it has gone a bit adversarial lately. Some of the older posts are well worth a read.

The property books on taxcafe.co.uk are pretty decent.

But overall I would say research, research, research, buy in areas you know really well and start with a relatively small project as a learning experience so you don’t risk too much at the beginning.

Hope that helps,

Regards,

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James Smith
Chartered Accountant
www.jamesesmith.co.uk
01235 536 773

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*New* Your indispensable guide to Small Business Bookkeeping, Self-Assessment & VAT

Hi Nicol,

Contact Inland Revenue either by phone or check out their website and see what tax is involved. It's not as straight forward as some people think it is.

If you do a search for "property development" and for "self build" there are lots of UK resource sites to look at.
With the UK industry on full run with property developments there is a huge wealth of information out there.

I would recommend visiting property/home exhbitions that run through out the year up and down the country. With these events you get to meet companies that would be able to guide you through this very difficult subject, from how to plan, what materials, tax costs, loans, agents etc.. the list goes on.
The main on in Birmingham finished in Aug.
Keep an eye out for homebuildingshow.co.uk and idealhome.co.uk, these are the biggest exhbitions in the country and would be able to help further in one way or another.

Hope this helps.
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Michael Associates, new media solutions
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Hi Nicol,

My main advice would be to research the area well. There are lots of people out there wanting your money in return for advice, when all they offer is common sense and obvious.

Just do your research!

On a related subject, does anybody know of any lenders who will accept gifted deposits (15%+) on buy to let properties?

Regards

Mark

Hi Scott

Great to see someone doing their research rather than rushing in!

Try www.propertyknowhow.com. Great mentoring, no hard sales push and they are honest, open and ethical. Free advice etc etc.

Books - Rich Dad, poor Dad of course

Sara