A property orientated FA?
Discussion
Ok due to no fault of my own, I own a bit of property which is rented out, it is giving a fair income (even with the looming tax increases) and at the moment I feel while it is beneficial I think there may be tweaks that could be done to increase revenue/capital, so does such a financial advisor exist?
Mark300zx said:
I own a bit of property which is rented out, it is giving a fair income (even with the looming tax increases) and at the moment I feel while it is beneficial I think there may be tweaks that could be done to increase revenue/capital,
Most people in your situation would be using an Accountant for that sort of thing. Mark300zx said:
Ok due to no fault of my own, I own a bit of property which is rented out, it is giving a fair income (even with the looming tax increases) and at the moment I feel while it is beneficial I think there may be tweaks that could be done to increase revenue/capital, so does such a financial advisor exist?
Not really, unfortunately. You are looking for a property adviser rather than a financial adviser. I am sure they must exist, but as non-regulated consultants. I have a friend who runs a successful portfolio of properties and can ask her if she would advise you, but this is not the same thing as asking a regulated financial adviser to review your finances.
You may find a regulated financial adviser who by coincidence knows a lot about the BTL market, but any advice they gave you on this would probably be non-regulated advice anyway (thoughts, anyone?).
I think the only tweaks that could be done to increase revenue/capital would be either to remove a letting agent (if there is one in place) and do this yourself, or invest in improvements that would increase the revenue/capital. Of course a mortgage adviser could look at getting you a better deal, thus reducing overheads (which is as good as increasing revenue), but your post did not suggest there were any mortgages in place.
If this is the case it does lead to the obvious - raising a mortgage on the existing proprieties to buy more properties and using the revenue from these to pay off the mortgages to increase capital value and then increase revenues. The gearing would certainly work in your favour.
PM me if you like.
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