Originally posted by MarillionFan
View Post
- Visitors can check out the Forum FAQ by clicking this link. You have to register before you can post: click the REGISTER link above to proceed. To start viewing messages, select the forum that you want to visit from the selection below. View our Forum Privacy Policy.
- Want to receive the latest contracting news and advice straight to your inbox? Sign up to the ContractorUK newsletter here. Every sign up will also be entered into a draw to WIN £100 Amazon vouchers!
BTL in London
Collapse
X
-
-
Originally posted by scooterscot View PostCough, don't want to brag but I'm going to, my 1st let house is 0.49% above base
Originally posted by MarillionFan View PostIt would be no mortgage, so it's a pure return basis.
Does 400k buy anything in a decent place though in London?
Originally posted by russell View PostIf I were you I would seek advice from sources other than this forum, I wouldn't invest nearly half a million based on the advice here.Originally posted by MaryPoppinsI'd still not breastfeed a naziOriginally posted by vetranUrine is quite nourishingComment
-
Originally posted by d000hg View PostSimilar here, except the house was dirt-cheap anyway; interest-only mortgage is £61/month, let out for £400/month.
Oh, it's an imaginary purchase . From half-remembered property shows £400k will get a decent family home, certainly something you can let happily.
This creates a paradox since your advice is not to take your advice.Comment
-
Originally posted by russell View PostIf I were you I would seek advice from sources other than this forum, I wouldn't invest nearly half a million based on the advice here.
Originally posted by russell View PostThat's a bit defeatist, now is a great time to buy, if you have cash you can get a great deal on auctions from all the plonkers who took 105% mortgages, by the time next year comes Interest rates will have risen which will squeeze even more of them into repossession. Also potential first time buyers have to rent as they can't afford 25% deposit that is required = demand.Comment
-
-
Originally posted by MarillionFan View PostIt would be no mortgage, so it's a pure return basis.
Does 400k buy anything in a decent place though in London?
Reckon you could manage a 2 or perhaps small 3 bed in Finsbury park.
Depends where you go.
I rented in Finsbury Park for 2 years at 1300 per month for a nice 2 bed flat.
We looked at buying a small 3 bed across the road in a victorian conversion, basement flat, £400k!!, ended up buying a big 4 bed house in Tottenham for the same money. As I say depends where you want to be.
Try this findapropertyNever has a man been heard to say on his death bed that he wishes he'd spent more time in the office.Comment
-
Originally posted by MarillionFan View PostDoes 400k buy anything in a decent place though in London?While you're waiting, read the free novel we sent you. It's a Spanish story about a guy named 'Manual.'Comment
-
Yeah MF what do you consider to be 'London'?Originally posted by MaryPoppinsI'd still not breastfeed a naziOriginally posted by vetranUrine is quite nourishingComment
-
I've been mulling getting back into the BTL market for some time now, but can't be fooked with the hassle.
I would look into buying a flat (one or two bed) walking distance from the City. As there is a limited supply of such flats, they will always keep their value (or at least there's no propect of a big fall any time soon).
When I was doing BTL that was my strategy, but then I bought for less than £200K
The point is whether you can make a decent return after expenses. You'd have to do your sums.Hard Brexit now!
#prayfornodealComment
-
Originally posted by MarillionFan View PostIt's all come out of bonds and I'm deciding what to do. Re-invest or BTL. 5 years are the best returns but it's still 5%. Not sure if a BTL in London with increasing rents over 5 years and a possible capital gain is risky or not risky.While you're waiting, read the free novel we sent you. It's a Spanish story about a guy named 'Manual.'Comment
- Home
- News & Features
- First Timers
- IR35 / S660 / BN66
- Employee Benefit Trusts
- Agency Workers Regulations
- MSC Legislation
- Limited Companies
- Dividends
- Umbrella Company
- VAT / Flat Rate VAT
- Job News & Guides
- Money News & Guides
- Guide to Contracts
- Successful Contracting
- Contracting Overseas
- Contractor Calculators
- MVL
- Contractor Expenses
Advertisers
Contractor Services
CUK News
- Streamline Your Retirement with iSIPP: A Solution for Contractor Pensions Sep 1 09:13
- Making the most of pension lump sums: overview for contractors Sep 1 08:36
- Umbrella company tribunal cases are opening up; are your wages subject to unlawful deductions, too? Aug 31 08:38
- Contractors, relabelling 'labour' as 'services' to appear 'fully contracted out' won't dupe IR35 inspectors Aug 31 08:30
- How often does HMRC check tax returns? Aug 30 08:27
- Work-life balance as an IT contractor: 5 top tips from a tech recruiter Aug 30 08:20
- Autumn Statement 2023 tipped to prioritise mental health, in a boost for UK workplaces Aug 29 08:33
- Final reminder for contractors to respond to the umbrella consultation (closing today) Aug 29 08:09
- Top 5 most in demand cyber security contract roles Aug 25 08:38
- Changes to the right to request flexible working are incoming, but how will contractors be affected? Aug 24 08:25
Comment