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Hmo, Stamp Duty And Sipps. Us And Eu Ir's Rising

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Clamping down on shared residence BTL

Stamp Duty to be paid against the value of the portfolio not the individual properties

(thats 3% over £250,000)

and now Sipps, tax breaks are scrapped for residential property.

I was thinking about becoming a BTL landlord..

Is now a good time??

For example I can get a 1 bed flat in Devon for £130,000 and rent it our for £350 a month..

I think I am onto a winner here...

100% mortgages now availalble you see..

Hmmnnn Interest only is £487.50 a month..

That doesent add up does it..

Lets look at a £20,000 deposit..

£412.50 a month..

almost can do it.

Thats only a £62 loss a month..

perhaps I can get £400 a month for it..

What do you think??

I mean.. Property prices always go up..

Interest rates won't of course..

Europe and US ones are.. but why should we follow...?

and the hardest year in consumer ville since records began..

The above calculation were made against 4.5% IR's..

Good luck getting a mortgage on the base rate.

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Clamping down on shared residence BTL

Stamp Duty to be paid against the value of the portfolio not the individual properties

(thats 3% over £250,000)

and now Sipps, tax breaks are scrapped for residential property.

I was thinking about becoming a BTL landlord..

Is now a good time??

For example I can get a 1 bed flat in Devon for £130,000 and rent it our for £350 a month..

I think I am onto a winner here...

100% mortgages now availalble you see..

Hmmnnn Interest only is £487.50 a month..

That doesent add up does it..

Lets look at a £20,000 deposit..

£412.50 a month..

almost can do it.

Thats only a £62 loss a month..

perhaps I can get £400 a month for it..

What do you think??

I mean.. Property prices always go up..

Interest rates won't of course..

Europe and US ones are.. but why should we follow...?

and the hardest year in consumer ville since records began..

The above calculation were made against 4.5% IR's..

Good luck getting a mortgage on the base rate.

Don't forget the lost interest receivable on the £20,000 deposit :)

Edit: But with my errors lately :-) who am I to say anything .

Edited by Wankan

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  • 337 Brexit, House prices and Summer 2020

    1. 1. Including the effects Brexit, where do you think average UK house prices will be relative to now in June 2020?


      • down 5% +
      • down 2.5%
      • Even
      • up 2.5%
      • up 5%



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