Boomed?

[KentPhilip]

Look at it as an investor. You bought the property at a great time, when prices were low and hence yields were high. People buying now are getting yields of 4 or 5%, whereas you're probably getting closer to 8%.

If you sold the property, would you be able to use the proceeds to achieve a stable 8% return anywhere else? Yes prices might fall a little in the near term, but long term prices will rise and in the meantime you've got a great yield.

There's a flaw in your logic here. The capital value of the property has risen so you can get double the cash out if you sell it. This means that you will only be able to get 4% or less on that cash.

My opinion is sell. I can't see prices rising much more, we are in a classic bubble, and soon it will go pop!

Take a look at the discussion forums on www.housepricecrash.co.uk for more opinion.

[Lockhouse]

There's a flaw in your logic here. The capital value of the property has risen so you can get double the cash out if you sell it. This means that you will only be able to get 4% or less on that cash.

These are my thoughts as well - I'm still getting virtually the same rent as I got 6 years ago - it was 7% yield then, approx 3% now (service charges up by 50% as well!) - as the value of the property has doubled - so as an investment it's poor.

I'd like to move back to London so will sell both my main residence and my BTL and buy a nice-ish place in town with a small or no mortgage.

[TheFaQQer]

I'm probably going to regret asking but I've got a BLT in East London that's doubled in value over 6 years. Do I take the money now and buy a nicer house for myself or leave where it is?

Wow, the sarnie market in London is really growing, if a simple bacon lettuce and tomato can double in value despite being 6 years old.

Take the profits and invest in property - I hear that buy to let (BTL) is the way forward...

[ASB]

These are my thoughts as well - I'm still getting virtually the same rent as I got 6 years ago - it was 7% yield then, approx 3% now (service charges up by 50% as well!) - as the value of the property has doubled - so as an investment it's poor.

I'd like to move back to London so will sell both my main residence and my BTL and buy a nice-ish place in town with a small or no mortgage.

Similar boat. The poroperty I have retained in the thames valley is now worth (in theory) about 220k. It yields about 7k after agents fees, insurance and the odd repair. After paying mortgage I clear about 1k.

If I flogged and paid the CGT I'd cash out about 120k. So I actually need about 4% house price inflation to stay even with cash. The only reason I'm hangin on to it is the thought of all that CGT to be handed over.

[n5gooner]

The only reason I'm hangin on to it is the thought of all that CGT to be handed over.

Well why don't you 'move in' for 6 months, change the gas, CT and elec to your name convert the mortgage to a personal one, not a BTL then sell it....

hth

[King Cnvt]

Similar boat. The poroperty I have retained in the thames valley is now worth (in theory) about 220k. It yields about 7k after agents fees, insurance and the odd repair. After paying mortgage I clear about 1k.

If I flogged and paid the CGT I'd cash out about 120k. So I actually need about 4% house price inflation to stay even with cash. The only reason I'm hangin on to it is the thought of all that CGT to be handed over.

You don't need to pay any CGT. Read this guide.

http://www.taxcafe.co.uk/property-tax-guide.html

[rootsnall]

You don't need to pay any CGT. Read this guide.

http://www.taxcafe.co.uk/property-tax-guide.html

This answer comes out every now and then, I'm still waiting for somebody who has bought the guide to explain the wonderful method of avoiding CGT other than moving into the property as suggested by Gooner !?

[King Cnvt]

This answer comes out every now and then, I'm still waiting for somebody who has bought the guide to explain the wonderful method of avoiding CGT other than moving into the property as suggested by Gooner !?

Buy it you tight git.

Or simply roll over and hand over thousands of pounds.

[rootsnall]

Buy it you tight git.

Or simply roll over and hand over thousands of pounds.

That's always the next answer ! Still waiting.

[n5gooner]

Buy it you tight git.

Or simply roll over and hand over thousands of pounds.

I've just bought a copy, who wants me to email them the pdf....£10 and it's yours.