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  • I’m not after profit

    It's strong yield* and capital appreciation** you want - two things that are hard to achieve if you are BTLing in London now.

    Do you have an accountant? Who is doing your tax return?

    * i.e. the profit from your cash outlay expressed in % - example you paid £100,000 for a property, cash £25,000, mortgage £75,000. You get £500 a month rent, and the mortgage costs £100 per month. There are no other costs. That leaves you with £4,800 a year which is a cracking yield before tax of around %20 (£4,800 is roughly %20 of £25,000).
    ** rising house prices

  • Argh. I don’t have an accountant yet, early days, and debating if it’s wise.

    I don’t even understand what the first * means.

    confuseddog.jpg

  • debating if it’s wise.

    Unless you are looking to diversify, it's probably not. High entry costs, low capital appreciation, poor yields.

    I don’t even understand what the first * means.

    See completely unrealistic example, above.

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