New Posts For Thread: NI situation for Full-timers?https://community.betfair.com/general_betting/go/thread/view/94082/28852449/ni-situation-for-full-timersJust wondering if anyone can briefly spell out the situation re. National Insurance contributions for those that are full-time non-taxpaying Betfairians. Would be grateful before i sit on hold for hours ringing the HMRC! Cheers.UA - i was quoted a fee of around 6% for BTL mortgage ...and it appears the same for a consent to lease set up too-whether this changes over time with interest rates i'm not sure - it just sounded quite a scam since as far as i know they don't inchttps://community.betfair.com/general_betting/go/thread/view/94082/28852449/ni-situation-for-full-timers?post_id=516741995#516741995UA - i was quoted a fee of around 6% for BTL mortgage ...and it appears the same for a consent to lease set up too-whether this changes over time with interest rates i'm not sure - it just sounded quite a scam since as far as i know they don't incThu, 23 Feb 2012 14:52:39 -0600by the way, would your rate not drop when you went onto a variable rate if the current interest rates remained as they are, or does it would it not work like that.https://community.betfair.com/general_betting/go/thread/view/94082/28852449/ni-situation-for-full-timers?post_id=516741823#516741823by the way, would your rate not drop when you went onto a variable rate if the current interest rates remained as they are, or does it would it not work like that.Thu, 23 Feb 2012 14:49:07 -0600U.A , thanks for that and have confirmed what i was thinking earlier.Any liquid cash would be well spent paying off a BTL mortgage as long as there isn't a redemption fee .Argggh- i hate banks -scheming barstewardshttps://community.betfair.com/general_betting/go/thread/view/94082/28852449/ni-situation-for-full-timers?post_id=516741537#516741537U.A , thanks for that and have confirmed what i was thinking earlier.Any liquid cash would be well spent paying off a BTL mortgage as long as there isn't a redemption fee .Argggh- i hate banks -scheming barstewardsThu, 23 Feb 2012 14:43:39 -0600Hi there Coachbuster, hope you don't mind me having a go at this.From your example given, you are making no investment and getting no return. all you are doing is paying maintenance costs for an asset which you could benefit from if the asset increashttps://community.betfair.com/general_betting/go/thread/view/94082/28852449/ni-situation-for-full-timers?post_id=516740553#516740553Hi there Coachbuster, hope you don't mind me having a go at this.From your example given, you are making no investment and getting no return. all you are doing is paying maintenance costs for an asset which you could benefit from if the asset increasThu, 23 Feb 2012 14:24:02 -0600Rob the Bantam - also addressed to you as well btwhttps://community.betfair.com/general_betting/go/thread/view/94082/28852449/ni-situation-for-full-timers?post_id=516736531#516736531Rob the Bantam - also addressed to you as well btwThu, 23 Feb 2012 13:01:13 -0600sorry about the comma's all over the shophttps://community.betfair.com/general_betting/go/thread/view/94082/28852449/ni-situation-for-full-timers?post_id=516736121#516736121sorry about the comma's all over the shopThu, 23 Feb 2012 12:51:03 -0600Investor - maybe i'm missing something here ,but doing the maths is there any point in buy to lets generally at the minute?Take for example i have just borrowed 80k and found a little terraced house to let -nothing special but can achieve 440 a monthttps://community.betfair.com/general_betting/go/thread/view/94082/28852449/ni-situation-for-full-timers?post_id=516736065#516736065Investor - maybe i'm missing something here ,but doing the maths is there any point in buy to lets generally at the minute?Take for example i have just borrowed 80k and found a little terraced house to let -nothing special but can achieve 440 a montThu, 23 Feb 2012 12:49:46 -0600Rob_The_BantamDate Joined: 04 Dec 06Add contact | Send messageWhen: 22 Feb 12 16:17Joined:Date Joined: 04 Dec 06| Topic/replies: 2,748 | Blogger: Rob_The_Bantam's blogTheInvestor2Yes coach, the insurance company knows it's rented out as you need a dihttps://community.betfair.com/general_betting/go/thread/view/94082/28852449/ni-situation-for-full-timers?post_id=516733069#516733069Rob_The_BantamDate Joined: 04 Dec 06Add contact | Send messageWhen: 22 Feb 12 16:17Joined:Date Joined: 04 Dec 06| Topic/replies: 2,748 | Blogger: Rob_The_Bantam's blogTheInvestor2Yes coach, the insurance company knows it's rented out as you need a diThu, 23 Feb 2012 11:36:19 -0600yes UA ..landlords insurance is required i was told which is different to the normal one - watch how you go ,esp with a tenant presenthttps://community.betfair.com/general_betting/go/thread/view/94082/28852449/ni-situation-for-full-timers?post_id=516693153#516693153yes UA ..landlords insurance is required i was told which is different to the normal one - watch how you go ,esp with a tenant presentWed, 22 Feb 2012 13:01:58 -0600Rob - cheers, i will look further into this ,the nice lady mentioned to me about payslips ,although she might have got her wires crossed (i was more looking at a CTL),in which case i don't think they're in the mood for lending right now .https://community.betfair.com/general_betting/go/thread/view/94082/28852449/ni-situation-for-full-timers?post_id=516693093#516693093Rob - cheers, i will look further into this ,the nice lady mentioned to me about payslips ,although she might have got her wires crossed (i was more looking at a CTL),in which case i don't think they're in the mood for lending right now .Wed, 22 Feb 2012 13:00:44 -0600