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The Buy-to-let Bible [Paperback]

Ajay Ahuja
3.4 out of 5 stars  See all reviews (24 customer reviews)

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Product details

  • Paperback: 160 pages
  • Publisher: Lawpack Publishing Ltd; 2nd Revised edition edition (1 Sep 2003)
  • Language: English
  • ISBN-10: 190405336X
  • ISBN-13: 978-1904053361
  • Product Dimensions: 24.4 x 19.8 x 1 cm
  • Average Customer Review: 3.4 out of 5 stars  See all reviews (24 customer reviews)
  • Amazon Bestsellers Rank: 489,005 in Books (See Top 100 in Books)
  • See Complete Table of Contents

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Product Description

Synopsis

Low mortgage rates and under-performance by traditional savings and investment products means that property has never looked a better way to invest for the future. Author Ajay Ahuja divulges the practical and financial techniques that have made him a millionaire. It covers finding the right property, the right mortgage lender, the right tenant, legal issues and tax. Buy-to-let property 'hotspots' by region across the UK are also listed.

About the Author

Ajay Ahuja is the founder and owner of the national accountancy practice Accountants Direct. It is the first in the UK that deals exclusively with the provision of references for the self-employed for mortgaging purposes. This experience has led to an in-depth knowledge of mortgages and the property market in general.

He currently consults with various local councils and accommodation projects, attempts to provide innovative solutions to problems being faced by the homeless and comments on issues surrounding social housing.

He now owns and controls a property portfolio worth £3m and provides housing for more than 250 people around the UK.


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Customer Reviews

Most Helpful Customer Reviews
33 of 33 people found the following review helpful
By A Customer
Format:Paperback
Its easy to read foundation books on a subject and think that you haven't learnt much, because it all makes sense and confirms your own opinion. Whilst I found myself doing this with this book, I recognised that there is a well balanced coverage and rounded content in here. It doesn't go into tremendous detail about individual areas, for example a tax advisor might identify some pros and cons of your particular circumstances. However, it does include some excellent guidelines.

I found it very reassuring to start with the characteristics required to get into this type of business, and check whether you have them. There were also quick tips about how to calculate if the rent will provide enough cash to cover costs, the higher yields from different types of property, and comments on refurbishment versus lost rent.

Like most of these books, it doesn't highlight all of the potential pitfalls in the business. The author has amassed a 3 Million pound property portfolio in a few years of booming house prices, but anyone starting now has to look to the longer term for substantial payback.

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110 of 113 people found the following review helpful
Format:Paperback
Mr Ahuja`s book is not the most detailed and comprehensive guide to property letting that is available on Amazon (only 68 pages excluding appendices etc) but the information that is given is extremely useful and relevant for someone with no experience in this area. The basics of buying to let are covered clearly with minimum waffle and many easy to remember tips/rule of thumb calculations are provided. One very useful rule of thumb calculation for example is the "rule of 12" that enables a prospective buyer to quickly gauge without going into complex calculations whether a prospective buy is a likely bargain or not. This can make the difference between making a profit or making a loss.

If you like anecdotes of the sort "Bill bought a flat for £40,000..Etc" then buy another book as there are very few of these.

The thing however that particularly impressed me with Mr Ahuja`s book are the detailed appendices with among other things: mortgage providers, property web sites and UK property hot spots. I have not yet seen another book that has such detailed information.

I felt that my... [money] was well spent and that Mr Ahuja had put considerable effort into distilling his experience in this area into a succinct and understandable form.

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21 of 21 people found the following review helpful
3.0 out of 5 stars Needs updating! 22 Sep 2006
By JJ99`
Format:Paperback
OK, so property is a fast moving market, so I guess a book can get out of date very quick. Ajays examples are just so unrealistic in todays market. With normal (high risk) yields rarely exceeding 7%, his 12% model is completely out of touch. Those getting into B2L now will be including long term growth in their models.

An interesting read, but needs an update. I'd recommend his 7 pillars book!
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Most Recent Customer Reviews
4.0 out of 5 stars Good read
A good read, some of the figures are a little out of date now, but the fundimental strategies still hold true.
Published 1 month ago by Fiona Fairy
1.0 out of 5 stars Out of date
This is an out of date and basic guide to Buy to Let. Always check the published date on a guide of this sort
Published 3 months ago by Mr. A. De-Safrin
5.0 out of 5 stars Good Enough
This is not necessarily the best book around on property investing, and I do not condone or approve of the author's practices, but this is a good enough book to introduce beginners... Read more
Published 3 months ago by T. T. Rogers
5.0 out of 5 stars Most Informative
Just what I had been looking for - answered a lot of questions I had and answered some I never even thought of - Excellent!
Published 13 months ago by Mrs F Edwards
1.0 out of 5 stars Save your money! Don't buy this book!
One of the worse investments I have made buying this book! It didn't tell me anything that more I didn't know already, or which you can actually get for free from the various... Read more
Published on 5 Jun 2010 by TopGun
4.0 out of 5 stars abacusenergysurveys,viewpoint
The Buy-to-let Bible (Lawpack Property Series)
Where do I start well, I purchased the book second hand so it only cost £4.00 so this limits the disappointment level. Read more
Published on 20 May 2009 by abacus
5.0 out of 5 stars A real Gem!
There are very few `outstanding' books written about Property investment for the UK market and this is one of them. Read more
Published on 14 Oct 2008 by Mr. Steven Julien
2.0 out of 5 stars a bit out dated
I agree pretty much with the analysis left by the reader below.

What he teaches in the book cannot be replicated in this market, in some hotspot areas he talks about... Read more
Published on 1 May 2008 by Fiasal Choudrey
3.0 out of 5 stars good book but has flaws
This book is good for investing in property around 8-10 years ago. But cannot see his methods working now as he himself admits that the market has become to high in the country in... Read more
Published on 15 April 2008 by Ponums
5.0 out of 5 stars A Great Starting Point, worth the money.
I bought this book because there were huge gaps in my knowledge despite researching heavily on the internet. I was not disappointed. Read more
Published on 18 Oct 2007 by M. Carter
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