I don't mean to boast but...

LandlordLee

I have BTL trackers and this cut means i have an extra £1,300 profit every month..

Is anyone else seeing benefits?

luckyfool

I'm sorry, I'm really not sure I see the point of your post?

dmg24

luckyfool wrote: »

I'm sorry, I'm really not sure I see the point of your post?

Or what use an economics degree would be, considering the uncertainty of the current situation? Unless a requirement of the degree was that you were psychic?

minimike2

" I don't mean to boast"

Are you sure? It seems like it to me.....

Yes, other people will make savings....those who are on trackers......seems pretty obvious really.

Hillfly

LandlordLee wrote: »

I have BTL trackers and this cut means i have an extra £1,300 profit every month..

Is anyone else seeing benefits?

Will that help to offset your capital losses as the market slides then?

getmore4less

LandlordLee wrote: »

I have BTL trackers and this cut means i have an extra £1,300 profit every month..

Is anyone else seeing benefits?

Fine till the tenents lose their jobs and stop paying the rent and don't move out.

KellyWelly

LandlordLee wrote: »

I have BTL trackers and this cut means i have an extra £1,300 profit every month..

Is anyone else seeing benefits?

'ere, av a medal, innit.

dimbo61

Use this extra money to build up an emergency for when your property/properties are empty !
May sure your property has all the proper safety certificates, gas checks, smoke alarms, fire doors, electric checks and buildings insurance, liability insurance.
Consider improving the property as you can put against income with the tax man.
Pay off the mortgage quicker and hence save on interest you pay to lender.
Not always easy renting out property and with the slid in house prices and increase in BTL mortgages make sure you have sound finances.

bunny999

luckyfool wrote: »

I'm sorry, I'm really not sure I see the point of your post?

He just had to tell someone and I can't imagine that he's got any mates.

ManAtHome

Well I suppose Badger will be getting his cut of the increased profits without having to subsidise the capital losses (I suspect he needs tax today rather than CGT tomorrow/if ever).

ad9898_3

LandlordLee wrote: »

I have BTL trackers and this cut means i have an extra £1,300 profit every month..

Is anyone else seeing benefits?

Lets say you have errr, 5 houses, lets say they are 'the average house', that means you gained £1,300 per month with your trackers but unfortunately are losing £17000 per month on your assets..... a net paper loss of £15,700 per month.... nice. Then you have to hope none of your tenants lose their jobs and stop paying.

Oh how I'd love to be and over-leveraged LL........ not.:D