'"> ');

Author Topic: Is buy to let dead?  (Read 9808 times)

0 Members and 1 Guest are viewing this topic.

chemistdude

  • New Member
  • *
  • Posts: 5
Is buy to let dead?
« on: February 19, 2018, 10:23:25 pm »
This board is a bit quiet. Who else here is a landlord? Is buy to let dead?


New Home Expert

  • Global Moderator
  • Guru member
  • *****
  • Posts: 1626
  • Country: england
  • Expert advice for new home buyers
    • New Home Blog
Re: Is buy to let dead?
« Reply #1 on: February 21, 2018, 11:28:53 am »
I think the tax changes have all but killed it off.
Stamp Duty 3% more, and reduced tax allowances.
That said a 2 bed semi in West Sussex is advertised at £1,000 a month!
£12,000 a year on a low interest rate mortgage say 3% with prices going up 5% is still a decent yield if you can be bothered dealing with tenants and repairing the damage they leave.
New Home Blog - New Home Expert is committed to providing help and advice for people having issues with their new homes and difficulties with house builders as well as helping potential buyers reduce the risk of possible problems if they do buy.


chemistdude

  • New Member
  • *
  • Posts: 5
Re: Is buy to let dead?
« Reply #2 on: February 23, 2018, 08:48:54 pm »
I have one with Mrs in joint name and have bought another off plan within a Limited company that we'll complete on in the summer. Mitigates the Section/Clause 24 tax but stamp duty surcharge still remains.

New Home Expert

  • Global Moderator
  • Guru member
  • *****
  • Posts: 1626
  • Country: england
  • Expert advice for new home buyers
    • New Home Blog
Re: Is buy to let dead?
« Reply #3 on: February 24, 2018, 06:18:32 am »
I wouldn't touch buy to let. It is called buy to regret for a reason!
One nightmare tenant that doesn't pay the rent and wrecks the place and you will be stuffed!
The housing market is also over due a price correction too.
New Home Blog - New Home Expert is committed to providing help and advice for people having issues with their new homes and difficulties with house builders as well as helping potential buyers reduce the risk of possible problems if they do buy.