Buy to lets and paying their fair share

[wendigo100]

But if prices drop your 5-10% would soon dwindle, as capital appreciation is an important in the calculation.

If he's including capital appreciation and he's had them a long time, wouldn't he be making much more than 5%-10%?

[GeorgeGregan]

I have various searches set up with real estate agents and websites, looking for 2 bedroom houses in parts of zone 2, max. £350k. I normally get 1 to 3 properties to look at per day, often none.

Today I got 19. Doomed!

[pickle]

I have various searches set up with real estate agents and websites, looking for 2 bedroom houses in parts of zone 2, max. £350k. I normally get 1 to 3 properties to look at per day, often none.

Today I got 19. Doomed!

A good new site to keep an eye on for houses that have had their prices cut.

http://www.propertysnake.co.uk/

[tim123]

It doesn't affect those on interest-only mortgages.

But how many BTL landlords are there, if 80,000 is only those who might be affected?

The times said, more than 400,000.

tim

[rootsnall]

I have various searches set up with real estate agents and websites, looking for 2 bedroom houses in parts of zone 2, max. £350k. I normally get 1 to 3 properties to look at per day, often none.

Today I got 19. Doomed!

I think you are probably seeing the properties that were trying to beat the HIPs deadline coming onto the market.

[GeorgeGregan]

A good new site to keep an eye on for houses that have had their prices cut.

http://www.propertysnake.co.uk/

Thanks pickle, that's a fun site. Some good comments in there as well , e.g.
http://www.propertysnake.co.uk/site/detail/1279871

first time buyer || i've seen this place. It's NOT a 2 bed at all. you couldn't house a cat in the 2nd bedroom! it's basically a 1 bed where the kitchen has been moved into the lounge... it should've been marketed at 250K

[BlasterBates]

If he's including capital appreciation and he's had them a long time, wouldn't he be making much more than 5%-10%?

Good point...

He needs to calculate what he is making because he could sell up and get 6.8% in a completely risk free savings account.

He needs to calculate what has he made on average to date, but more importantly what rate he expects in the future. With capital depreciation, future returns could easily be negative. Me....in his position I'd sell up and go in the Woolwich.

[tim123]

Good point...

He needs to calculate what he is making because he could sell up and get 6.8% in a completely risk free savings account.

He needs to calculate what has he made on average to date, but more importantly what rate he expects in the future. With capital depreciation, future returns could easily be negative. Me....in his position I'd sell up and go in the Woolwich.

I agree (and have done so), but it is suprising how many intelligent people still think that the market is going to continue to rise at 10% plus per year for the forseeable future.

tim

[scooterscot]

I don't get it, I'm not about to sell and jerk my load because the market may take a downturn in the next few years. Whit attitude is that? I’m in it for the long term, as I suspect most are. My rent covers the mortgage payment and I enjoy holding onto physical assets. People still rent not only because they cannot afford to buy but for my current tenants it is convenient and they don’t want to get tied down. I should charge more for this service.

[Moscow Mule]

... My rent covers the mortgage payment ...

I'm not sure this is the case with all BTLers