Buy to let

When we get a Labour government after the next election, expect a large growth in publicly owned houses being built.
This will lessen the demand for private rentals, thus reducing rental prices, thus reducing demand for from the BTL shysters, lowering the value of HOMES, meaning more families will be able to afford to buy their own home, further reducing rental demand.
(Oh, this will also greatly reduce the cost of the housing benefit bill, create jobs and skills for school leavers, thus reducing anti social behaviour, mental health issues & keep more pubs open)
 
I've got one that I rent out. Works out for me. I'm self employed so it acts as a pension for me.

The recent tax/stamp duty changes will dampen the market. It won't put off the massive foreign wealth funds that are pumping money into BTL
 
law74 said:
When we get a Labour government after the next election, expect a large growth in publicly owned houses being built.
This will lessen the demand for private rentals, thus reducing rental prices, thus reducing demand for from the BTL shysters, lowering the value of HOMES, meaning more families will be able to afford to buy their own home, further reducing rental demand.
(Oh, this will also greatly reduce the cost of the housing benefit bill, create jobs and skills for school leavers, thus reducing anti social behaviour, mental health issues & keep more pubs open)
Click to expand...


Jesus I've stumbled across a party political broadcast
 
Are buy to lets still profitable or better now to just put the money into stocks and shares?
There is more legislation around letting properties now and I am taking an educated guess that the number of people who miss paying rent has increased rapidly in recent years.
 
law74 said:
When we get a Labour government after the next election, expect a large growth in publicly owned houses being built.
This will lessen the demand for private rentals, thus reducing rental prices, thus reducing demand for from the BTL shysters, lowering the value of HOMES, meaning more families will be able to afford to buy their own home, further reducing rental demand.
(Oh, this will also greatly reduce the cost of the housing benefit bill, create jobs and skills for school leavers, thus reducing anti social behaviour, mental health issues & keep more pubs open)
Click to expand...
The next election? - noted your post is from 2016!
 
117 M34 said:
Are buy to lets still profitable or better now to just put the money into stocks and shares?
There is more legislation around letting properties now and I am taking an educated guess that the number of people who miss paying rent has increased rapidly in recent years.
Click to expand...
It's mostly tax changes that turned it from a no brainer. Stamp duty is dead money and significantly more on 2nd homes and you can no longer discount interest from your income on your tax return. These 2 changes mean its difficult to make money.
 
The Rent reforms on the way have landlords bricking it.
Abolition of Sec 21 evictions will make it very hard to get rid of tenants.
 
Gareth Barry Conlon said:
It's mostly tax changes that turned it from a no brainer. Stamp duty is dead money and significantly more on 2nd homes and you can no longer discount interest from your income on your tax return. These 2 changes mean its difficult to make money.
Click to expand...
Yes, I think these things, higher interest rates now,and the fact that the income tax bands have not shifted for years mean the days of remortgaging your house to put tiny deposits on a dozen two bed semis are over. Worth noting that a lot of those 'evil landlords' choking supply twenty years ago were probably just trying to replace pensions that had been shat on. If the bubble bursts it won't mean a glut of affordable housing for all, but rather and investment opportunity for entities like BlackRock etc.
 
Needless to say this is a ver high level broad stroke view - if you are looking for monthly / annual returns no.

If you are looking for a longer term investment that still may need you to contribute to it monthly / annually (possibly in tax) yes............
 
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