Saturday, Jul 28, 2007
BTL and you'll make your fortune!
Scotsman: Plenty of life left in the buy-to-let market for those who have 'guts'
Many landlords are concerned about the effect of rising interest rates as they may increase ahead of relative income, But the managing director of Landlord Mortgages said, "Don't worry.. you should be able to increase the tenant's rent..."
Checking the recommended New Town area of Edin, there seems to be a dearth of 1 bedroom flats for rent, but plenty of 2 beds ranging from 600-900. To buy one of the cheaper flats on the market would cost over 900 over 25 years at 6%. I don't understand how they can claim rent covers the mortgage!
Posted by eyeore @ 08:06 AM (162 views) Add Comment
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