BTL'ers doomed.

[centurian]

The Government is trying to encourage councils and developers to build more homes to suppress the market and make it easier for first-time buyers to get on to the housing ladder.

Total and utter bollards - they're making it harder to build more homes by giving local people a veto on new home developments - a veto which they will almost always exercise because they won't want their local market "suppressed".

But as to how it affect BTL's - depends on how good an investment they make. Once interest rates normalise in 1-2 years, annual yields will be roughly the same as sticking your money in the bank, but with much more risk.

Now the amateur BTL didn't care about average yields - as long as the mortgage was paid, they knew they could double their money in 5-10 years due to rising house prices. That's the kicker that's no longer there.

You can still make money from BTL, but you will have to be considerably more canny

 

[MarillionFan]

My man Jeeves just misread this thread title and is now very worried his job is in jeopardy. I've asked Nurse to take him for a lie down.

 

[Lockhouse]

BTL - Stick with it for the long term. At the end of the day someone has bought you a house.

 

[DimPrawn]

BTL - Stick with it for the long term. At the end of the day someone has bought you a house.

The interesting thing about being a BTL'er is that it is very hard for the government to target BTL landlords without either clobbering normal mortgaged homeowners and/or their tenants as renters.

Therefore it is recession proof and in the long term a million times better than some greasy pension fund spiv taking any of your hard earned.

BTL'ers Boomed I'd say.

 

[MarillionFan]

The interesting thing about being a BTL'er is that it is very hard for the government to target BTL landlords without either clobbering normal mortgaged homeowners and/or their tenants as renters.

Therefore it is recession proof and in the long term a million times better than some greasy pension fund spiv taking any of your hard earned.

BTL'ers Boomed I'd say.

What Numbnuts says.

BTL is still a good longterm investment and should be used as part as an overall investment strategy.

 

[Freamon]

The interesting thing about being a BTL'er is that it is very hard for the government to target BTL landlords without either clobbering normal mortgaged homeowners and/or their tenants as renters.

Therefore it is recession proof and in the long term a million times better than some greasy pension fund spiv taking any of your hard earned.

BTL'ers Boomed I'd say.

Why is it hard? They already charge CGT with 100% relief for owner occupiers - they could target BTLers by removing some of the taper relief on this. Also, there's already separate box on the tax return for "income from property", so they could increase the rate of tax on this category.

Not hard at all really.

 

[AtW]

removing some of the taper relief on this.

Eh?

Taper Relief is gone already - thanks Darling!

 

[Moscow Mule]

The interesting thing about being a BTL'er is that it is very hard for the government to target BTL landlords without either clobbering normal mortgaged homeowners and/or their tenants as renters.

They could always remove mortgage interest tax relief. That would cut into yields quite nicely...

 

[Freamon]

Eh?

Taper Relief is gone already - thanks Darling!

Well there you go, just shows it can be done.