Sarnie

I can't really agree with much of that. Yes it's been damaged, but it will have been repaired with new parts therefore it could be deemed a safer bet than a high miler with worn out parts. Yes it will be harder to shift on resale, but buy cheap and sell cheap. CAT D's are usually about 25% less than normal. Therefore, most 04 cars are around £8k, so anything less than £6k for this would be a good price imo.

Good luck mate

http://www.pistonheads.co.uk/sales/2883775.htm First pic shows the car filthy The next shows it being cleaned by a load of Poles Rest of the pics generally awful Claimed 700bhp with no explanation of where the extra 200bhp has come from £5k exhaust?? "JDM spec are faster and better spec'd than uk model" - Really? Like not being able read the Jap sat nav screen??

Sheila's Wheels cover men?

You can have as many residential mortgages as you want, as long as your income is suffiecient to support them Also, the lender is unlikely to grant you Consent to Lease, allow you to ramp up the LTV AND let you keep your base+1% rate........from their point of view you are a substantially higher risk now.

From a regulatory perspective it will probably remain as a resi with a consent to let granted. In respect of the new mortgage - yes it probably will impact your ability to lend. Pre-recession it didn't so much but now lenders have throttled their criteria. For example I've never missed a payment on anything in my life.......without our btl we can borrow about 200k from our existing mortgage company (as we're on a really low tracker too)....with it we're restricted to just over 100k - which is less than our current mortgage the worlds gone mad. When we do come to move it looks like we'll have to hassle Sarnie to work his magic on a new deal.....unless we offload the btl by that point. You just have to know which lenders to approach. There are plenty of high street lenders who will ignore BTL's in the background as long as they can be evidenced as 'self financing', therefore freeing you up to lend as much as you need/can for your residential purchase.

On my Buy to let mortgage, I had to place a deposit of 30%. The interest rates were slightly higher than a traditional mortgage also. I think what you're planning to do is VERY wise, you will be laughing in the future once you've got 2 properties paid off (the rented one should pay for itself anyway, so there shouldn't be a financial burden on that property, other than the initial deposit.). I would strongly recommend you go for an 'interest-only' mortgage, this will ensure you are not paying more than you can afford on a monthly basis (as you have 2 mortgages) and if anything would happen with your current income, you will not be hit as hard and still be able to cope with the payments. An 'interest-only' mortgage should have very low monthly instalments, your rental income should cover it and give you a small amount of profit on top, allowing you to make over-payments at the end of the year (a lot of mortgage companies allow up to 10% overpayment without being penalised). Personally I'd say that advice is a little dangerous Haz but as said.......ask Sarnie for professional, qualified advice. Your confusing yourself by using the term 'deposit'. When you own the property already its simply a case of the having the correct 'loan to value - LTV'. Your talking about doing a capital reduction but again this is a little confusing as you need to pull money out of the current property to fund the deposit on the new one. For example Current prop value £220k Current mortgage £140k Savings in bank 20k New property value £220k Mortgage max LTV 75% Max mortgage therefore £165k Deposit required £55k You have £20k in the bank and therefore require an additional £35k from the equity of £80k in the current residential. There are 2 options 1. Existing mortgage company offer you a 'Further Advance' of £35k (taking total outstanding balance to £175k) - subject to max LTV, lending criteria, affordability critiera, consenting to you letting the property. 2. You remortgage to another mortgage company for a BTL mortgage of £175k (£140k to redeem existing and another 35k for the new purchase). Mortgage companies assess BTL lending on 1 or 2 ways; 1. Rental yield as a % of cover for the installment - eg installment is £500 and rental is £700 you have a 140% rental cover. Lenders might set the threshold at say 125% cover (i.e you need at least 125% cover to get the mortgage you want - based on a RICS qualified surveyors assessment of the projected rental). 2. Based on your income (usually with a deduction of a set % off your income of whatever you residential mortgage balance is) Be sure about being a landlord though mate - it can be an unholy ball ache and don't forget your going to be in for a cool £340k of secured debt. You have tenants who can lose their jobs too, then your stuck making the payments to the mortgage, you are liable to sort all of the damage, ensuring the property is compliant. If its not the council can serve you with improvement notices that they will simply act upon themselves if you fail to comply (then register a landcharge on your property). However - you could end up with a nice little nest egg for retirement and some tasty profit off the tenants. Bottom line SPEAK TO SARNIE Do you want a job? All of the above is accurate. However there are still many many pitfalls to BTL mortgages as opposed to residential lending. Almost every lender has there own criteria to satisfy. Northern Rock for example require you to have six months worth of mortgage payments sitting in an account as a contingency fund. Some will require you to have had tennant for six months before lending to you. Also the reason for the extra borrowing will rule out some lenders............ It's a minefield

PM on way For anyone else interested, the current price on the 350z Nismo exhaust is £1350 delivered. approx 2 week lead time I like that - having your prices out in the open. +1

I better get a zed again so I've got more to talk about

I've seen the vid, and I must say, I'm not sure what the fuss is about

And they charge accordingly for this e.g 370z + £20k.................

Most probably, or a Pontiac...

who actually thought that was a real 430????

I'd move quickly as I've seen three other intro posts with people linking to this car in the last few days.....this car should be £8k so don't **** about if you want it

I've had a full body MRI and I have to say it was the very first time in my life that i have understood claustrophobia......I hated it......