Monday, Mar 16, 2015

More reason not to buy to let

Croydon guardian: Council presses ahead with landlord licence

Btl is effective actively propped up by lunatic economic policies which are unsustainable.
The sweet spot won't last as schemes.like this show....btl is at risk from falling prices
Interest rates rising..taxation...tenants gaps...list is endless

Posted by taffee @ 08:05 AM (6674 views)
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5 Comments

1. mombers said...

I'd love to see evidence that these fees get passed on to tenants when they do come in. Just like rents have risen and fallen with interest rates???

Monday, March 16, 2015 10:49AM Report Comment
 

2. khards said...

We move out of the house were renting in tow weeks, the agents haven't been able to find a renter yet, so that will be at least a month's void. or 8% of this years rental income up in smoke. That's without repairing the gutter, rendering, shower screen and other small jobs that need doing. The agents are also stinging the landlord for 10% of the rental income, so out of the 90% of the rent the landlord receives minus voids, repairs, maintenance, buildings insurance, boiler inspection he must be left with about 75% this year and that's before tax, accountants and his own time.

Money for nothing, I tell ye.

Monday, March 16, 2015 12:28PM Report Comment
 

3. mombers said...

@2 khards have they tried dropping the rent to what the market price is or are they in lala land hoping that someone willing to pay more than that will magically appear?

Monday, March 16, 2015 12:48PM Report Comment
 

4. khards said...

It's the same rent as I'm paying, but bearing in mind I didn't mind overpaying £50pm because it was a stop gap. With little in the way of wage inflation I can see rents falling year on year.

http://homelet.co.uk/news/article/rents-rise-in-january-homelet-rental-index-reveals

It's hard to find a rental index for 'some reason' many of the VI's (LSL et al) stopped publishing them last year. I wonder why that could be? Frightened of publishing negative yields and rent delation indexes?

Monday, March 16, 2015 02:34PM Report Comment
 

5. hpwatcher said...

I'd love to see Landlords paying their fair share of tax.

Tuesday, March 17, 2015 09:42AM Report Comment
 

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