Author Topic: Is buy to let dead?  (Read 609 times)

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chemistdude

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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

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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.
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chemistdude

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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

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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.
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