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Landlords
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islandannie
Posts: 963 Forumite
Landlords get richer.
Nationalism is an infantile disease. It is the measles of mankind. - Albert Einstein.
“The nationalist not only does not disapprove of atrocities committed by his own side, but he has a remarkable capacity for not even hearing about them.”-
Orwell.
“The nationalist not only does not disapprove of atrocities committed by his own side, but he has a remarkable capacity for not even hearing about them.”-
Orwell.
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What? Discuss?0
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Thats funny. I have seen quite a few articles recently mentioning that LLs are liquidating property and heading for the hills. I hear many are going bust too...
Have a Happy new Year!!!0 -
This question has so many answers.
It depends when they bought, LTV, remaining term, their rate etc etc ....
Generally we are in a completely false economy interest rates will remain low for a lot less longer than they will be high.
If a LL is profiting well at the moment their tax bill will rise next time - it all depends what they do with the surplus funds (if they have any) - plough it into the mortgages as overpayments or put it into new BTL's.
Basically there is no simple answer to your question!!0 -
Not all Landlords buy to let - there are many who have to relocate for work (forces) etc & simply can not/can not afford to sell their homes at the moment the only option being to rent them out. They struggle too -relying on tenants paying to then pay the mortgage. Debtors or gaps between tenancies prove to be very challenging & worrying.NEVER ASSUME! :rolleyes:0
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