Jump to content
House Price Crash Forum
Sign in to follow this  
Tom82

Zoopla Alert - The Pros and Cons of BTL

Recommended Posts

Not seen an article like this before. 

https://www.zoopla.co.uk/discover/featured-homes/the-pros-and-cons-of-buy-to-let-in-2017/?utm_source=content&utm_medium=email&utm_campaign=zoopla-20170715&utm_content=mainbody&utm_term=read-our-article#qBVfg8Sh3oH8Ed8V.97

The comments are very interesting, some small time LL heading for the exit 

Quote
Nigel Small  2 days ago

I have been a landlord letting quite a number of flats and houses in the South West for over 30 years. The uncertanty caused by the last election, especially if we achieve a very left wing government has caused me to refocus. We will be selling all our property over the next few years and emigrating. This process has already started.

Quote
M. Reader  2 days ago

Of course it turns us of buying to let. It is your HMRC section that kills everything. We currently have 4 buy to lets . and are seriously thinking of selling over the next 4 yrs.

And poor Jamie is baffled:

Quote
Jamie Gerard  2 days ago

I am a trifle baffled. As the tax burden increases, I'll have to balance raising the rent, and being far more picky on my repairs and maintenance spending in order to have the money to pay the tax bill. 
Not really helpful to tenants. Specially if they're claiming housing benefit. 
If everyone puts the rent up over the next 3 years, won't benefit payouts need to increase to compensate? 
I could be missing something. But these points are what spring to my mind at the moment.

 

Share this post


Link to post
Share on other sites
Quote

Jamie Gerard  2 days ago

I am a trifle baffled. As the tax burden increases, I'll have to balance raising the rent, and being far more picky on my repairs and maintenance spending in order to have the money to pay the tax bill. 
Not really helpful to tenants. Specially if they're claiming housing benefit. 
If everyone puts the rent up over the next 3 years, won't benefit payouts need to increase to compensate? 
I could be missing something. But these points are what spring to my mind at the moment.

 

Or a non leveraged landlord will undercut your prices, steal your tenants, then buy up your portfolio when you go bust.:rolleyes:

Edited by Lord D'arcy Pew
Edit to add correct quote.

Share this post


Link to post
Share on other sites
50 minutes ago, Tom82 said:

       Quote

Jamie Gerard  2 days ago

I am a trifle baffled. As the tax burden increases, I'll have to balance raising the rent, and being far more picky on my repairs and maintenance spending in order to have the money to pay the tax bill. 
Not really helpful to tenants. Specially if they're claiming housing benefit. 
If everyone puts the rent up over the next 3 years, won't benefit payouts need to increase to compensate? 
I could be missing something. But these points are what spring to my mind at the moment.

Poor Jamie doesn't realise that the LHA rates only go up by the lower of 3% or the (I think it is..) 80th percentile of rental values in the area.

Share this post


Link to post
Share on other sites
Quote

Jamie Gerard  2 days ago

I am a trifle baffled. As the tax burden increases, I'll have to balance raising the rent, and being far more picky on my repairs and maintenance spending in order to have the money to pay the tax bill. 
Not really helpful to tenants. Specially if they're claiming housing benefit. 
If everyone puts the rent up over the next 3 years, won't benefit payouts need to increase to compensate? 
I could be missing something. But these points are what spring to my mind at the moment.

:wub::wub:  Its going to be carnage.

Share this post


Link to post
Share on other sites

Create an account or sign in to comment

You need to be a member in order to leave a comment

Create an account

Sign up for a new account in our community. It's easy!

Register a new account

Sign in

Already have an account? Sign in here.

Sign In Now
Sign in to follow this  

  • Recently Browsing   0 members

    No registered users viewing this page.

  • Next General Election   93 members have voted

    1. 1. When do you predict the next general election will be held?


      • 2019
      • 2020
      • 2021
      • 2022

    Please sign in or register to vote in this poll. View topic


×

Important Information

We have placed cookies on your device to help make this website better. You can adjust your cookie settings, otherwise we'll assume you're okay to continue.