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Terrible suffering in BTL land reported daily...
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My BTL is pretty cool, ta for asking. Still haven't had even one day's void in two and a half years and our tenants have just signed a new 12 month contract. The rent is still covering the mortgage, although we've opted to keep exactly the same mortgage payments at the present time so there's a lot more capital being paid off.
We're aiming for a mortgage free date on the property in January 2011. My 30th birthday would be around that time so we're planning to save up four months worth of the rent at that point and go on a bit of a Vegas blow out.
So as I say, good ta.0 -
So is BTL fraud...ad44downey wrote: »'BTL spivs ruin world economy and get off scot free' is another good one
http://www.timesonline.co.uk/tol/money/property_and_mortgages/article5375652.ece
Funny how not one single person on here has had this misfortune? Maybe they're all on the debt forum.
Fungus perhaps you should ask on there.0 -
My BTL is pretty cool, ta for asking. Still haven't had even one day's void in two and a half years and our tenants have just signed a new 12 month contract. The rent is still covering the mortgage, although we've opted to keep exactly the same mortgage payments at the present time so there's a lot more capital being paid off.
We're aiming for a mortgage free date on the property in January 2011. My 30th birthday would be around that time so we're planning to save up four months worth of the rent at that point and go on a bit of a Vegas blow out.
So as I say, good ta.
So you had a four and a half year mortgage?:rolleyes:
Cool!:T0 -
The BTLers I know are doing very well, and wanting to buy more now that interest rates have dropped! :eek:
Sorry if this info isn't what you wanted to hear, but where, what and when you bought has made a difference.Some were canny then others!
Is this post a serious one or a sarcastic one - never know on this board?0 -
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ad44downey wrote: »'BTL spivs ruin world economy and get off scot free' is another good one
Ahh, so it was you I saw protesting in London today.
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FungusFighter wrote: »So you had a four and a half year mortgage?:rolleyes:
Cool!:T
No, a 25 year mortgage that has been paid quickly in the past and is getting paid very quickly now.0 -
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FungusFighter wrote: »
In four and a half years?
No offence mate but I'm strugglin to believe you:A
No worries. Happy to explain, but it involves a number of factors, which people who deal in black and white situations may find difficult to comprehend.
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No worries. Happy to explain, but it involves a number of factors, which people who deal in black and white situations may find difficult to comprehend.
Mate, you don't need to patronise me:rolleyes:
I've got an o level in media studies and a hgv license so go ahead and dazzle me;)0
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