Put in an offer on a BTL today

[shaunbhoy]

Fortune favours the brave.

Be sure to let us know how it deals with the stupid won't you?


Wandsworth...............bwahahahahahahaha

[ASB]

2-double bed Victorian conversion, good area, near tube. Needs some minor work. Offered £25K under already low asking, but am a cash buyer.
Est. rent after cosmetic work £1.2K pcm or more with 2 sharers.


Boomed!

If you let to sharers do you have to register and use all the HMO rules?

[ASB]

You can get a 8 or 9% return on Zopa, if you are brave.

http://uk.zopa.com/ZopaWeb/public/le...g-at-zopa.html

There is a risk of some bad payers, but with BTL there is a risk of no capital appreciation for a decade combined with bad tenants and voids, hassle, legal disputes, maintenance and repairs and falling rents.

In Sept 2006 ZOPA gave me 30 quid to lend. I have made the grand total of £5.50 on it since then. Though it's all worked fine.

You won't actually get 8 or 9%. To get 5.8 on the A* market you are lending at 6.8. By the time it's on the C market you're lending at 10.1.

[Incognito]

2-double bed Victorian conversion, good area, near tube. Needs some minor work. Offered £25K under already low asking, but am a cash buyer.
Est. rent after cosmetic work £1.2K pcm or more with 2 sharers.


Boomed!

http://forums.contractoruk.com/849221-post4.html

What Bogey said.
Anyway, what the flip are you doing buying a property now in the first place - you're not taken in by that "house prices are rising" bollux are ye?

I really do think you're either full of tulip or you're more than one poster.

[snaw]

Wandsworth...............bwahahahahahahaha

S'where I live - lots of very nice bits in wandsworth ...

[swamp]

S'where I live - lots of very nice bits in wandsworth ...

Best thing about Wandsworth is the A3.

[Churchill]

Best thing about Wandsworth is the A3 parked in the local drug dealer's driveway.

Hth.

[Jefferson]

Obviously been to the wrong bits of Wandsworth.
As Snaw says, there's some very nice areas to it and The Chutney Indian restaurant is quality

[Churchill]

Obviously been to the wrong bits of Wandsworth.
As Snaw says, there's some very nice areas to it and The Chutney Indian restaurant is quality

I've never been. Just thought it may be slightly humourous post.

[sasguru]

I've never been. Just thought it may be slightly humourous post.

hick from the sticks, ignorant