Buying a Buy To Let
#1
Buying a Buy To Let
Locally here prices for two bed new build apartments are down to below 100k. just saw a repo at 81k!! With a 15k deposit rent is likely to more than cover that getting interesting out there folks!
#2
House prices still have a fair way to slide
Theres generally a huge glut of rental properties and tenants are demanding very cheap rents at the moment
Now isnt quite the right time to buy
Maybe in a years time things will be a bit better in terms of returns on properties and capital appreciation potential
Theres generally a huge glut of rental properties and tenants are demanding very cheap rents at the moment
Now isnt quite the right time to buy
Maybe in a years time things will be a bit better in terms of returns on properties and capital appreciation potential
#3
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Would be a bit of a gamble! If you struggled to rent it out and decided to offload in a couple of years it could have fallen 30-40%.
People also seem to think interest rates are going to remain low, but we're really sowing the seeds for some rampent inflation in a couple of years time. Rates of over 10% are very possible, so factor that in.
Nothing is going to change the fact that UK economy is a dire state of affairs, so it's difficult to know where is a good place to invest really. I would guess investments in countries like Brazil and India are likely to be a good medium/long term bet, but what to invest in specifically, and how to invest I wouldn't really know.
People also seem to think interest rates are going to remain low, but we're really sowing the seeds for some rampent inflation in a couple of years time. Rates of over 10% are very possible, so factor that in.
Nothing is going to change the fact that UK economy is a dire state of affairs, so it's difficult to know where is a good place to invest really. I would guess investments in countries like Brazil and India are likely to be a good medium/long term bet, but what to invest in specifically, and how to invest I wouldn't really know.
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Would be a bit of a gamble! If you struggled to rent it out and decided to offload in a couple of years it could have fallen 30-40%.
People also seem to think interest rates are going to remain low, but we're really sowing the seeds for some rampent inflation in a couple of years time. Rates of over 10% are very possible, so factor that in.
Nothing is going to change the fact that UK economy is a dire state of affairs, so it's difficult to know where is a good place to invest really. I would guess investments in countries like Brazil and India are likely to be a good medium/long term bet, but what to invest in specifically, and how to invest I wouldn't really know.
People also seem to think interest rates are going to remain low, but we're really sowing the seeds for some rampent inflation in a couple of years time. Rates of over 10% are very possible, so factor that in.
Nothing is going to change the fact that UK economy is a dire state of affairs, so it's difficult to know where is a good place to invest really. I would guess investments in countries like Brazil and India are likely to be a good medium/long term bet, but what to invest in specifically, and how to invest I wouldn't really know.
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Definitely lots of interesting properties out there at the mo, an area I have been looking at has two bed flats going for less than £100k and with a rental return of around £700.
I am putting a £100k offer on a £130 flat (1bed) My sister in law owns the next door and gets £725 PCM for it. Worth a try.
Granted there may be more of a drop to come, but these are long term investments 20+ years so not that fussed, as long as the rent covers the mortgage and some.
I am putting a £100k offer on a £130 flat (1bed) My sister in law owns the next door and gets £725 PCM for it. Worth a try.
Granted there may be more of a drop to come, but these are long term investments 20+ years so not that fussed, as long as the rent covers the mortgage and some.
#6
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Be careful Cookie, the rentals are plummeting as mentioned above. Don't be surprised if you struggle to match the mortgage payments with rental income.
You'll do ok now but give it a year or so when interest rates inevitably climb it will be a problem.
You'll do ok now but give it a year or so when interest rates inevitably climb it will be a problem.
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