Bye To Let

[Ardesco]

Totally unmodernised terrace in a rough part of town, had 2 offers in the 80Ks fall through 6ish months back. Looking at recent auctions of similar properties I reckon I'd be lucky to get 60K.

Rent it out to the council for their temporary homeless unit (criminals just out of jail and people they can't house anywhere else). You'll make a bit of money on it and won't have to worry about paying council tax. Bodge it together quickly to make it barely liveable and jobs a goodun.

HTH

[Sockpuppet]

From the guys at Contractor Financials:

From people who make money selling and providing moretgages.

Not really going to say "the markets shagged put your money in gold" are they?

[Bagpuss]

From the guys at Contractor Financials:

Yields of 6.3%, a mortgage of 6.6%, no brainer,a small price to pay for the negative equity growth.

[Sockpuppet]

Yields of 6.3%, a mortgage of 6.6%, no brainer,a small price to pay for the negative equity growth.

I always thought that yield was after the mortgage payments.

[Bagpuss]

I always thought that yield was after the mortgage payments.

Yield is just the money it earns (imagine if you bought cash, think of it like an interest rate), the mortgage is a negative cost on the yield, Yields are less than mortgage repayments in most cases.That's why BTL doesn't work at the moment for those with low deposit. It's working nicely for those who bought a few years ago and can afford to sit it out though.