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Terms and Conditions

Welcome to www.property505.co.uk (the “Website”). The terms of use below (“the Terms”) set out the conditions of use upon which you may access the products, information and services available on or through the Website.

These constitute a legally binding agreement between you, the user, and Property505 – Registered office: 24 Enterprise Road, Waterlooville, PO8 0BT,  Registered in England No. 14963780.

By accessing, viewing or using any of the information, or any products or services available on or via the Website, you agree to be bound by these Terms.

Terms may be modified at any time therefore we recommend you review these Terms periodically. Any amendments to these Terms will be binding at the point of access. If you do not agree to be bound by these Terms, you may not use our website.

Privacy & Cookie Policy

Our Privacy & Cookie Policy is set out on the Website provides the grounds upon which may process and store any personal data we collect from you, or that you provide to us together with information regarding cookies.

Accessing the Website

We will not be liable if for any reason the Website is unavailable for any period of time for whatever reason. Access to the Website is permitted on a temporary basis only and we reserve the right to withdraw the service provided without notice.

You and any person accessing this website through your internet connection do so only by complying with these Terms. We are not responsible for your access arrangements.

From time to time we may restrict access to all or some pages of the Website at our sole discretion.

User Conduct

You must not misuse this Website. You must not hack nor attempt to hack, circumvent security or otherwise disrupt or attempt to disrupt the operation of our systems and/or our Website nor attempt to carry out any of the above prohibited actions.

You must not upload or use inappropriate or offensive language or content or solicit any commercial services in any communication, form or email you send or submit from or to the Website.

Copyright and Trademarks

The content of this website is the sole property of Property505 Ltd. Reproduction of part or all of the contents in any form is prohibited other than in accordance with the following permissions:

License to re-copy for Limited Purposes:

  • You acknowledge Property505 as the source of the material. You must include such acknowledgement and the Property505 web address (www.property505.co.uk) in the copy of the material, and
  • You must inform the third party that all the Terms and Conditions set out herewith apply to him/her and that he/she is bound by them.

This license to re-copy does not permit incorporation of the material or any part of it in any other work, publication, or website whether in hard copy or electronic or any other form. In particular (but without limitation) no part of Property505 website, including but not limited, to photographs, property details, virtual tours, downloadable resources and/or floor plans may be distributed or copied for any commercial purpose. You may not frame this website without our express consent. The Property505 logo is a trademark registered in the UK and other parts of the world. Reproduction of this trade mark other than in order to view this website is prohibited.

Disclaimer

Property505 takes all reasonable care to ensure that the information contained on this website is accurate, however, we cannot guarantee its accuracy and we reserve the right to change the information on this website (including these terms and conditions) at any time. You must therefore check these terms and conditions for any such changes each time you visit this website.

Property505 makes no representations or warranties of any kind with respect to this website or the content contained on it, including any text, graphics, advertisements, links or other items. Furthermore, neither Property505 nor any other contributor to this website make any representation or gives any warranty, condition, undertaking or term either expressed or implied as to the condition, quality, performance, accuracy, fitness for purpose, completeness or freedom from viruses of the content contained on this website or that such content will be accurate, up to date, uninterrupted or error free. Nothing on this website shall be regarded or taken as financial advice.

Choice of Law and Jurisdiction

The user confirms that the terms and conditions and use of this website shall be governed by the laws of England and Wales and that any and all disputes arising therefrom shall be subject to the exclusive jurisdiction of the English Courts.

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Why the name Property505?

When I first met my wife, she lived in London and I lived in Suffolk. I would travel as often as I could to see her, and the road that connected us was the A505 past Royston. I remember making that journey with excitement and anticipation every time, which is very similar to the excitement you feel investing in property for the first time.

My wife and I started this company together, and I wanted the name to be meaningful to both of us. So we chose Property505.

Then, when I googled the number 505, I found this wonderful response:

Why the name Property505

The mission of Property505 is echoed in these exact words, as this is what our services do for our clients. We change their lives for the better. I couldn’t have hoped for a more perfect fit, and so the name Property505 was born.

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Will I have a mortgage on the property?

Yes, you will typically have an interest only Buy-to-Let mortgage to the value of 75% of the value of the property.

Why interest only you may ask? Because you want to maximise your cash flow and therefore paying off the principal isn’t in your best interests. You will also want to remortgage in 5-6 years and release the equity that has built up over time so that you can buy more properties. If you are going to release equity in the future anyway it makes little sense to reduce your cash flow in the short term.

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At the end of the program, will I own the Property in a Limited company or my personal name?

At the end of the program, you will own the property through a limited company.

Please note that I am not a licensed financial advisor or accountant, and I always recommend seeking professional advice when considering the tax implications of owning property.

Owning property through a limited company is widely accepted to be the most tax-efficient method. This is because you are exempt from Section 24 tax, which affects private landlords. Section 24 tax means that private landlords are taxed on the full rental income of the properties they own, without being able to offset their mortgage payments as deductible expenses.

For example, if you rent out a property for £1,000 per month and your mortgage is £500 per month, you will pay tax on the full £1,000 income as a private landlord. However, if you own the property through a limited company, you will only pay tax on the profits, which is £500 per month less insurances and fees.

Another significant advantage of owning property through a limited company arises when you have additional income that pushes you into a higher tax bracket. If you hold the property in your own name and you’re already earning more than £50,000/year, you’ll be subject to higher income tax rates (40% or 45%) on your rental income. However, with a limited company, you only pay corporation tax, which starts at a lower rate of 19% of profits.

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We Respect Your Privacy. Your Information Will Never Be Shared

Yes, Send It Over Now!

We Respect Your Privacy. Your Information Will Never Be Shared

Yes, Send It Over Now!

We Respect Your Privacy. Your Information Will Never Be Shared

Yes, Send It Over Now!

We Respect Your Privacy. Your Information Will Never Be Shared