@George’s *********************

Yeah, need a good property accountant to determine that move for it to max benefit.

@Todd ********

Coop bank Regular Saver account. The downside is, you are only allowed to put in £250 pm max for 12 months. Go to MoneySavingExpert.com, lists all short term high interest accounts.

@George’s *********************

With that £750 rent pm you need to factor in 20% - 30% for agency fees, voids and maintenance. Annually you will need to pay self assessment tax on any earnings above the annual allowance of £12,500 if there is additional income generated outside of this rental.

True figure is around £525 - £600 p/m before any tax owed, if any.

Also, buying for cash is not the most profitable way to purchase a property. Using the £200k for deposits and refurbishments to then leverage 6 months later via a BTL mortgage can allow multiple purchases and therefore higher rental income. This way that £200k can be turned into £3k to £5k pm if done properly.

@Andy ********

Hi Andy, agreed. I get between 4 - 5% fixed term and 7% short term with limited deposits.

You got anything interesting you can point me to?

@Stuart ********

Yeah got it. Thanks for the help.

@Stuart ********

Thank for the detailed reply and back-up plan. My initial thinking was… if I was to use the monthly income method for my second application, why would I need to keep any of the 800k in the bank once my first application was granted. Ok, the agreement says I have to keep it for 3 months after the extension approval. But why does it need to be there after the 3 months. 1. It shouldn’t affect my second application as it doesn’t rely on the 800k being in the bank. 2. There will be 65k transferred every month starting 2 months before the issue of the first extension.

Wife = Go ahead

Girlfriend = Might as well throw your money in the sh1tter. Either way you won’t benefit from it in the future.

Just book your flights to not run over 90 days, overstay record is not good if you are a regular visitor.

As far as 60 + 30 see above answers unless you do a border run after the initial 60 days to activate another 60 days.

@Conny *********

Which IO let you do the 12 month deposits for a first time Non-O? I’m in Phuket and they are saying deposit method is not possible and insisting on 800k in the bank for my first application.

@Paul ******

Yeees sausages, top of the list everything else is secondary 😂😂😂