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I'm sure you know this, but just to flag that income tax is now payable on all rental income (i.e. not just anything beyond mortgage payment) which really does make this harder to achieve financially, but can be done I guess depending on circumstances....
owl-
Yes, so our costs are likely:-
Gas and elec safety certs (+ any work to bring up to current standards as there is some older wiring in places)
Remortgage with dedicated BTL lender with exorbitant product fee
~10% p/m to letting agent
Taxes
Maintenance
Void periods
Refurb after tenancies if required, hopefully not (or go after deposit if necessary)
scotts
Has anyone any experience of remortgaging and renting their current home in order to buy elsewhere using the equity as a deposit on new place?
Getting a bit peeved with the same feedback from viewers on ours saying the parking/footpath situation puts them off (the house was built pre cars and is on a narrow footpath about 30m from street parking) as all of this information is available on Google/Maps and in the meantime the places we're viewing are being sold.