Your browser isn't supported
It looks like you're using an old web browser. To get the most out of the site and to ensure guides display correctly, we suggest upgrading your browser now. Download the latest:

Welcome to the MSE Forums

We're home to a fantastic community of MoneySavers but anyone can post. Please exercise caution & report spam, illegal, offensive or libellous posts/messages: click "report" or email forumteam@.

    • rentmekid
    • By rentmekid 13th Jun 17, 2:36 PM
    • 75Posts
    • 29Thanks
    landlord bashing
    • #1
    • 13th Jun 17, 2:36 PM
    landlord bashing 13th Jun 17 at 2:36 PM
    After reading a number of posts/replies on this forum, I have noticed that many people hate the idea of someone owning more than 1 property and renting out.

    Frequent comments are: "people cant afford to buy one property, why should you have 2", or similar.

    At the end of the day, a private landlord is providing a similar service to the housing association, so why the hatred, or is it jealousy?

    Also, its not the Landlords fault that someone cant afford a house.

    Are my view justified?
Page 11
    • hign10pines
    • By hign10pines 18th Jun 17, 10:22 AM
    • 374 Posts
    • 365 Thanks
    £750/mo is £9k/year. Less the service charge/ground rent is £8,100. For a £135k property, that's about a 6% yield - right up there at the top-end.

    90% mortgage (£120k) is £540/mo, plus that service charge/ground rent - £75/mo - so that's £615/mo for the flat that your neighbour was paying £660/mo for.
    Originally posted by AdrianC
    How's about £750 a month on a £50k purchase valved now at £172k

    Student nurse 2018 to 2020
    Debt: DMP (with Payplan) £8194 - 6.6 years left
    • Cakeguts
    • By Cakeguts 18th Jun 17, 9:01 PM
    • 3,911 Posts
    • 5,421 Thanks
    My mortgage is 450 and a doctor has bought the house either side and is renting em out for 750 a month.

    Curious what I could need that would cost me an extra 3k a year every year to make it easier to rent than buy ?
    Originally posted by gycraig
    I know the answer to this.

    Car finance
    Fancy mobile phone contract
    Exotic foreign holidays at least twice a year.

    Not everyone wants to save.
    • katebl
    • By katebl 18th Jun 17, 9:36 PM
    • 624 Posts
    • 314 Thanks
    What I want to know is how many people who can't afford to buy a property can afford car finance? I am only asking this because when I was younger I used to drive to work in a silver coloured car that had a green bonnet. The orignal bonnet had rusted so we got another one from a scrap yard but couldn't find one the same colour as the car. I don't see nearly as many cars now with odd coloured doors etc. The point with my car was that we considered buying a home much more important than having a new car or even a second hand newer one. If the old one still went you got a spare part from a scrap yard.
    Originally posted by Cakeguts

    Have you not seen on the news recently the articles referring to new car finance being a potential cause for concern?
    • Crashy Time
    • By Crashy Time 19th Jun 17, 7:06 PM
    • 5,698 Posts
    • 2,301 Thanks
    Crashy Time
    Have you not seen on the news recently the articles referring to new car finance being a potential cause for concern?
    Originally posted by katebl

    The tagged on begging letter for a fiver a month is a nice touch....
    Debt Ponzi a Go Go
    • Crashy Time
    • By Crashy Time 21st Jun 17, 10:55 AM
    • 5,698 Posts
    • 2,301 Thanks
    Crashy Time
    How's about £750 a month on a £50k purchase valved now at £172k
    Originally posted by hign10pines

    Got a link?
Welcome to our new Forum!

Our aim is to save you money quickly and easily. We hope you like it!

Forum Team Contact us

Live Stats

2,509Posts Today

7,554Users online

Martin's Twitter