Buy a House and 'do it up' ?
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 cryrst  The garden of England 30 Jul 21 11.46am |
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Originally posted by jeeagles
Surely if you have an asset in Zone 1 or Zone 2 the majority of the income will be based on its long term appreciation when you come to sell? Elsewhere in the country you'll get higher yields, but on a much lower value, so a much lower income, but you also wouldn't get the same level of appreciation in the assets. I have heard that sales of buy-to-let properties owned by individuals are at a record high. Yes J that's the point I made. In 15 years you will probably double up which is way more than a rental profit.
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| cryrst The garden of England 31 Jul 21 8.48pm |
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It appears that the mortgage market is booming somewhat. Banks falling over themselves to get business. Clearly covid hasn't had that much of a dramatic effect on many financially. I think hmg needs a bit of credit although they will start clawing it back,over time but for now I say we'll done.
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Forest Hillbilly  in a hidey-hole 01 Aug 21 1.22pm |
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Originally posted by PalazioVecchio
heavy taxes on homes that are not owner occupied. so crucify holiday homes, investor homes, and buy to let. Also, heavy taxes on overseas owners....and go easy on Nigel & Sharon in the UK. All good ideas in principle. ^^^^^ Yet we see time and time again, those with money exploit the system with dodgy accountancy and putting properties in other people's names.
"The facts have changed", Rishi Sunak |
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kingdowieonthewall  Sussex, ex-Cronx. 01 Aug 21 2.04pm |
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Originally posted by cryrst
It appears that the mortgage market is booming somewhat. Banks falling over themselves to get business. Clearly covid hasn't had that much of a dramatic effect on many financially. I think hmg needs a bit of credit although they will start clawing it back,over time but for now I say we'll done. from what ive heard, its the opposite.
Kids,tired of being bothered by your pesky parents? |
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 AERO 18 Aug 21 8.18am |
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If my experience is anything to go by its nor easy ,even my situation of getting a small remortgage 70k with near on 400k equity proved very difficult albeit our age didn't help .But definitely things have tightened up .
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