-
are there better things to be looking at right now?
Stockpiling food and medicine.
-
Personally I wouldn't go there, far too much hassle and have heard many horror stories. Right now I'm looking at global equity funds which have sustainability embedded in their investment process, beware of the myriad 'greenwashed' funds out there, 3-5 year investment horizon at a minimum. There are also a few covid recovery funds popping but that's more of an opportunistic play.
Personal opinion, not investment advice.
-
I looked into this when I was trying to sell my place to see how feasible it was to buy without selling (my buyer had just fallen through).
Personally I found that the yield was pretty poor once adjusted for tax which isn't particularly beneficial to buy to let on a small scale. A few empty spells would wipe out any profit. I also wouldn't be surprised if the position got worse.
Basically it was pretty much all about gambling that property prices would continue to increase at a decent rate so you'd get a good return at the end. There have also been noises recently about merging CGT with income tax which would likely significantly bump up any tax on property sales.
-
The main thing with buy to lets thats changed recently is that Interest can only be written off at your marginal income rate. Effectively high rate income tax will make most investments unviable.
There a big move into setting ltd companies, the rates of borrowing are far higher, and its only matter of time hmrc close that dodge.Edit: was speaking to a mate yesterday..the bottom line is unless you've got amazing rental yields you need big deposit to make it worthwhile.
-
We have a couple of BTL investors in the block I’m in. It has been an eye-opener for them. You need to pay close attention to stuff like service charges, sinking funds, lease extension requirements, renovation costs for flat and freehold etc. I would only let a place I’d owned and lived in and knew really well. Hassle.
You are reading a single comment by @Dogtemple and its replies.
Click here to read the full conversation.
hippy
ElGonzo
aggi
wildwest
Sharkstar
@Dogtemple
Does anyone have any experience of buy to let as an investment. I know the ship has somewhat sailed for the high returns but that could be said for most things. I have the needed 25% deposit for a flat where I am or 25% deposit for two flats in a cheaper area where I don’t live. Pros and cons to both. Yield would be higher on two flats out of area but they would be out of area and two to deal with.
Or are there better things to be looking at right now?