Buy To Let – still a good idea?

Buy To Let – still a good idea?

Buy To Let – still a good idea?

If you’re a landlord already or thinking about becoming one, you need to read this!

Buy-To-Let has been prominent in the press recently – I just love the media for giving a balanced view (spot the sarcasm!).

So, is Buy to let still a good idea, following George Osborne’s attack on landlords? Well, it depends….

First things first…

  •  ARE YOU MAKING A PROFIT ON THE RENT? Make sure you take into account your monthly mortgage payments, and the restrictions on mortgage interest tax relief.
  •  ARE YOU IN IT FOR THE LONG HAUL? Things start looking up when you view buy-to-let property as a long-term investment. Analysts at the property group JLL have predicted that house prices in the South East will continue to increase by over 26% by 20201.
  •  IS BTL THE BEST BET FOR RETIREMENT? Many landlords are planning on living off rental income in later years – and with the new pension freedoms they can use some of their pension pot to buy investment property.
  •  WILL THE UK’S HOUSING CRISIS EVER END? The private rental sector continues to be an important part of the housing market whilst there is a chronic shortage of homes. This situation looks unlikely to change in the near future.
  •  SO, IS BUY-TO-LET STILL A GREAT INVESTMENT? With a volatile stock market and negligible interest rates on savings, there are few other investments that can achieve comparable growth in the long term.Still Confused?Yeah…it can be a bit of a minefield. I know it’s hard to believe, but we love working this stuff out & making sure that what you’re doing is right for you.

    Shout if you want to chat.

    www.yournextmortgage.co.uk

    01252 217036

    Your property may be repossessed if you do not keep up repayments on your mortgage.

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  • 1 http://www.telegraph.co.uk/property/house-prices/which-areas-will-see-the-biggest-house-price-rises-by- 2020/

Written by John Thompson

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