BTL in London

[russell]

I wouldn't bank on increasing rents, my missus has 3 of them and all three have seen the rent fall over the last couple of years.

You missus not the sharpest tool in the box, your meant to put the price up.

[EternalOptimist]

Just because your missus is useless in letting doesn't mean MF will be. Obviously you are a match made in heaven two failures together.

your finger will wear out before we let you neg Russell again

-damn

[lukemg]

1. DONT talk to an IFA, DYOR, start with fool.co.uk.
2. Property has edged down from the peaks but hasn't reached anywhere near long term average against income. That says it could fall again or stagnate for years. Yes, london market is different but I don't see it going up far when the cutbacks and removal of QE bite - Q4 this year.
3. It's too easy to build more flats, buy quality areas etc if poss.
4. I personally don't want the grief of managing properties, even through an agent and it tends to be illiquid.
5. Too big a bet on one sector - residential property (my own house is enough exposure + tax free). Consider proportions in Trackers, HYP, bonds and a small percentage in more exotics - Latin America, emerging markets
Apart from that - go for it...