{"id":2817,"date":"2016-04-20T06:51:15","date_gmt":"2016-04-20T05:51:15","guid":{"rendered":"https:\/\/blog.propertypartner.co\/?p=2817"},"modified":"2018-07-24T14:31:58","modified_gmt":"2018-07-24T13:31:58","slug":"meet-jaye-cook-he-switched-to-us-from-buy-to-let","status":"publish","type":"post","link":"https:\/\/www.londonhouseexchange.com\/blog\/meet-jaye-cook-he-switched-to-us-from-buy-to-let\/","title":{"rendered":"Meet Jaye Cook – he switched to us from buy-to-let"},"content":{"rendered":"

Meet Jaye Cook – he switched to us from buy-to-let<\/strong><\/p>\n

\u201cI genuinely think this is the future of property investment.\u201d<\/em><\/p>\n

When he was younger, Jaye Cook\u2019s parents moved 22 times. Is he bitter about it? Not at all. Each time his parents moved, they made a good profit – so he\u2019s well versed in the value of buy-to-let. <\/p>\n

Now, he owns five buy-to-let properties in the South-East of England. However, instead of buying another property, he decided to invest in Property Partner, and he now has a significant amount invested on the platform. Jaye is even considering selling off some of his properties in future to invest more \u2013 but why?<\/p>\n

\u201cOsborne\u2019s reduction of tax relief made me think. Yes, I may get capital appreciation on my property, but I could still make a loss each month. I\u2019m going to be taxed on the revenue and not the profit I\u2019m making in my BTL portfolio.\u201d<\/i><\/center><\/p>\n

When Jaye discovered Property Partner, he realised that the SPV structure<\/a> we use to hold properties meant that his investments with us wouldn\u2019t be affected by tax changes in Osborne\u2019s Summer Budget. In fact, the reduction in corporation tax would mean he paid less tax, while benefitting from the new dividend allowance announced. <\/p>\n

He also noticed several other advantages. Jaye\u2019s portfolio was currently limited to an area close by him in Kent, as his properties had to be accessible. Property Partner would finally allow him to diversify across different areas, and into different kinds of investment that he may not have had access to before. It also meant that he didn\u2019t have to deal with any more stress – five properties is a considerable number to manage, alongside his current job, as a Procurement Consultant. <\/p>\n

\u201cI like the fact that there\u2019s no concern over things like property maintenance, and frustrations over having rental voids. You don\u2019t have the same problems with Property Partner as you do in the BTL market. I genuinely think this is the future of property investment.\u201d<\/i><\/p>\n

Jaye also came to realise another advantage: having access to the expertise of our Property Director, Robert Weaver. Jaye went to meet Rob in person, as he had originally needed convincing that Property Partner was a credible place to put his money.<\/p>\n

\u201cI met Daniel the CEO, and Robert Weaver, the head of property, and I came away very impressed with what I heard. At that point I invested a significant amount – and I\u2019ve chosen to do this rather than buying another BTL property. When our fixed rate interest ends on our current properties, I may even sell them to invest more through Property Partner.\u201d
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Jaye isn\u2019t the only investor to have done this on Property Partner. To see why people are leaving buy-to-let for Property Partner, take a look at the properties currently available on the marketplace.<\/p>\n

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