6% isn’t really the number then. We ll done. You are behind inflation.
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As I said it depends on circumstances not specific to you
Soldato
- Joined
- 18 Mar 2010
- Posts
- 4,119
The apartment we rent out is in a nice part of London. Being a landlord has definitely got a lot more painful over the last few years. We evaluate whether to sell every year, but one of the main reasons we are intending to cling onto it, is we could imagine our kids wanting a place to stay in London in the future. (7 or 8yrs time at the earliest).
Any of the rest of you making considerations like this when it comes to being a landlord?
Any of the rest of you making considerations like this when it comes to being a landlord?
It was for a similar reason I became one. Bought a flat a few years ago as could see property just getting more and more expensive to the point that it would be out of reach for my child. I doubt they’ll ever move into the flat but the capital increase will give them a decent deposit when the time comes.
Man of Honour
But he won't generally if it's a BTL....
Rather than guess at what levels BTL landlords have mortgages etc, lets find some data
www.money.co.uk
I can't copy/paste from this article but it (and others) mention that most BTL mortgages are interest only. So the idea is to maximise profits along the way and take the capital gain at the end of the term.
molofinance.com
UK Buy-to-Let Statistics: 2023 | money.co.uk | money.co.uk
This private rental sector has seen some incredible growth, but how how popular are buy-to-let mortgages and how has the mortgage market changed for landlords?
I can't copy/paste from this article but it (and others) mention that most BTL mortgages are interest only. So the idea is to maximise profits along the way and take the capital gain at the end of the term.
Why are buy-to-let mortgages interest only? - Molo Finance
We’ve put this guide together explaining why buy-to-let mortgages tend to be interest-only and what that could mean for you as a landlord.
molofinance.com
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Via a business yes
Exactly. And the people who post links of an opinion as a counter to an opinion do confuse me.
This ‘someone else paying off mortgage’ is such a short sighted view of those who don’t understand leverage
Spoke to landlords a few days ago who advised us they have given notice to the tenants next door and it’s a month notice.
Just wondering what section notice they could have served to warrant a month notice?
I believe the tenants have only paid one months rent but been there 4 months, are subletting and also the complaints we made about their noise.
Just wondering what section notice they could have served to warrant a month notice?
I believe the tenants have only paid one months rent but been there 4 months, are subletting and also the complaints we made about their noise.
Assuming its a legal notice then probably S8 which I think requires 14 days.
So the 1 month would have been at their own peril?
Yeah indeed that's why I was confused with the 1 month notice as it doesn't tie with this Section 21 but as above may be S8?
City minister backed tax raid on landlords’ ‘unearned income’
Fears of a tax crackdown are mounting amid suggestions that national insurance be applied to rental income
www.telegraph.co.uk
Awesome!
That’ll be getting passed straight on to my tenant if it goes ahead.
My parents have rented their house in London, after moving to Devon to retire.
Biggest mistake they've ever made in recent years. Never put prices up when everyone else was, tenants constantly damaging things that have been stuck to walls since I was a kid. Reversed his truck into the front of the house and said the pebble dashing just fell off (still had scrapes on back of the truck when my friend went to look), many more things.
They decided to stop and my sister was going to move in, they warned the tenants about 6 months before, then gave them their required amount of notice after that, so 8 months in total. Its now 3 months after the notice period, they've stopped paying rent and my parents are now going through the eviction process. They should have been like these other "horrible" landlords. Wonder why they're like it...
On top of that, they're paying the lettings agent to manage everything as they didn't want to be involved and they are causing even more issues and basically not doing anything!
Biggest mistake they've ever made in recent years. Never put prices up when everyone else was, tenants constantly damaging things that have been stuck to walls since I was a kid. Reversed his truck into the front of the house and said the pebble dashing just fell off (still had scrapes on back of the truck when my friend went to look), many more things.
They decided to stop and my sister was going to move in, they warned the tenants about 6 months before, then gave them their required amount of notice after that, so 8 months in total. Its now 3 months after the notice period, they've stopped paying rent and my parents are now going through the eviction process. They should have been like these other "horrible" landlords. Wonder why they're like it...
On top of that, they're paying the lettings agent to manage everything as they didn't want to be involved and they are causing even more issues and basically not doing anything!
Sorry to hear that.
Tbh if the government are going to use my rental as a cash cow then I’m going to start milking it as hard as possible.
We get such a bad rep as landlords, I may as well live up to the reputation and grab every single penny I can from it.
Tbh if the government are going to use my rental as a cash cow then I’m going to start milking it as hard as possible.
We get such a bad rep as landlords, I may as well live up to the reputation and grab every single penny I can from it.
This guys singing from the roof tops with joy
www.dailymail.co.uk
Homeowner tears down roof of his OWN house in war with tenant
EXCLUSIVE: Despairing Louis Scudder, 52, was at the centre of a 24-hour stand-off with police after he set off on a mission to demolish his three-bedroom terraced house in Sheerness, Kent.
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Soldato
Someone seriously messed up with that lease.
Wonder if it was professional or a copy pasta one where someone has tried to be clever saying 25 years but with landlord giving 6 months notice.
Wonder if it was professional or a copy pasta one where someone has tried to be clever saying 25 years but with landlord giving 6 months notice.