The Pink Panther
Well-Known Member
- Joined
- 22 May 2005
- Messages
- 16,213
denislawsbackheel said: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.