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Buy to let: double whammy for amateur landlords as flat rents fall
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carolt
Posts: 8,531 Forumite
http://www.telegraph.co.uk/finance/personalfinance/investing/5241226/Buy-to-let-Double-whammy-for-amateur-landlords-as-flat-rents-fall.html
Rents for flats have fallen for the sixth month in row in another blow for amateur landlords who bought new build flats in the hope of making a quick killing.
Rents for flats have fallen for the sixth month in row in another blow for amateur landlords who bought new build flats in the hope of making a quick killing.
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Comments
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Every cloud has a silver lining. Fromthe same article:
"The rental market for houses is faring better, according to figures from FindaProperty.com. The number of houses available to let fell for the second month in a row during April, dropping by 1.5pc, while rents for larger properties rose for the second consecutive month, the company said. "I'm a Forum Ambassador on the housing, mortgages & student money saving boards. I volunteer to help get your forum questions answered and keep the forum running smoothly. Forum Ambassadors are not moderators and don't read every post. If you spot an illegal or inappropriate post then please report it to forumteam@moneysavingexpert.com (it's not part of my role to deal with this). Any views are mine and not the official line of MoneySavingExpert.com.0 -
So true.
Yet:
Across both property types, rents averaged £819 a month during April, down from £827 in March and more than £50 less than the £873 that landlords received in April last year.
One man's silver lining etc...0 -
Why has this same thread been posted across all the house buying forums?Mortgage Free in 3 Years (Apr 2007 / Currently / Δ Difference)
[strike]● Interest Only Pt: £36,924.12 / £ - - - - 1.00 / Δ £36,923.12[/strike] - Paid off! Yay!!
● Home Extension: £48,468.07 / £44,435.42 / Δ £4032.65
● Repayment Part: £64,331.11 / £59,877.15 / Δ £4453.96
Total Mortgage Debt: £149,723.30 / £104,313.57 / Δ £45,409.730 -
I'm sure you know the answer to that DD!0
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