2nd homes/investment homes/buy to lets

[The Pink Panther]

Are people still considering property as a pension? Jeez.
Before you start that get invested in a proper pension. If you're 21 you've got 40 years to go at with tax relief and, if in a company scheme, contributions from the company. Then think about a property as an investment on which you will pay capital gains tax when you come to realise it.

A mortgage on a £70k property over 30 years comes in between £400 and £500 a month.
If he can pick up a terrace near a uni for that sort of money he'll be buying it with his rental income.

 

[denislawsbackheel]

£30K invested in a house against £30K invested in equities in 1978. The equities still vastly out perform the property.

 

[Balti]

Where the hell can you buy a property for 70K in the UK these days?

 

[Swales lives]

Where the hell can you buy a property for 70K in the UK these days?

Radcliffe probably, its a right shit-hole.

 

[foley87]

i work in AUL and cheap little terraces are going for 50/70k and 2/3 bed semis up the the 95k mark

terraces can still fetch 450 a month rising to 550/600 on the semis...aslong as it stacks up eh