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Converted Lurker

Have You Ever Read Such Nonsense As This?

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Actually rather interesting:

13 per cent are earning up to £1,000 each month," said Andrew Boddie, head of marketing at Standard Life Bank.

So basically only 13% of BTL landlords are making £12,000 or more gross (just about a living wage) from their rental stuff. The TTRTR's of this world must be few and far between, with a lot of people enduring the hassle of being a landlord for not much dosh.

Plus 35% are making a loss every month (Figures: 25% make up to £200 pcm, 27% £200-500pcm, 13% £500pcm+, total in profit = 65%, therefore in loss are 35%). They're the 'forced' sellers if the market starts to tank, as they see their long term scenario go a bit wrong.

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Shouldn't they be putting that lovely £200 a month "profit" into an investment vehicle to actually pay for the property once the interest-only mortgage expires? :blink:

Or perhaps into a fund for when the boiler blows up and the tenants start revolting!

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Earnings on successful buy-to-let projects can be significant and provide landlords with income to change their lives

It sure will change there lives if it isn;t successful, can we spell bankrupt children.

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  • 301 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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