You are reading a single comment by @wildwest and its replies.
Click here to read the full conversation.
-
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.
wildwest
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?