We’d like to remind Forumites to please avoid political debate on the Forum.

This is to keep it a safe and useful space for MoneySaving discussions. Threads that are – or become – political in nature may be removed in line with the Forum’s rules. Thank you for your understanding.

PLEASE READ BEFORE POSTING: Hello Forumites! In order to help keep the Forum a useful, safe and friendly place for our users, discussions around non-MoneySaving matters are not permitted per the Forum rules. While we understand that mentioning house prices may sometimes be relevant to a user's specific MoneySaving situation, we ask that you please avoid veering into broad, general debates about the market, the economy and politics, as these can unfortunately lead to abusive or hateful behaviour. Threads that are found to have derailed into wider discussions may be removed. Users who repeatedly disregard this may have their Forum account banned. Please also avoid posting personally identifiable information, including links to your own online property listing which may reveal your address. Thank you for your understanding.
📨 Have you signed up to the Forum's new Email Digest yet? Get a selection of trending threads sent straight to your inbox daily, weekly or monthly!

Buying is £124 a month cheaper than renting

1…1011131516…20

Comments

  • System
    System Posts: 178,376 Community Admin
    10,000 Posts Photogenic Name Dropper
    MrRee wrote: »
    And you have a habit of one liners saying absolutely NOTHING!

    You have zero to add, please exit this thread via the fastest route possible - thank you for playing ...............

    You have a habit of long paragraphs that say absolutely nothing.
    This is a system account and does not represent a real person. To contact the Forum Team email forumteam@moneysavingexpert.com
  • System
    System Posts: 178,376 Community Admin
    10,000 Posts Photogenic Name Dropper
    ukcarper wrote: »
    The BTL mortgage will be interest only so any thing above that can be used for the maintenance payments.




    If we are comparing the cost of renting to the cost of buying it is possible that initially the renter will paying less but a proportion of the buyers payment is savings. Also in time the mortgage payments will be less than the rent.


    That still doesn't show me how the tenant has paid the cost of maintenance. The landlord has only charged the market rate (or less) rental to the tenant.
    This is a system account and does not represent a real person. To contact the Forum Team email forumteam@moneysavingexpert.com
  • ukcarper
    ukcarper Posts: 17,337 Forumite
    Part of the Furniture 10,000 Posts Name Dropper
    Walcott wrote: »
    That still doesn't show me how the tenant has paid the cost of maintenance. The landlord has only charged the market rate (or less) rental to the tenant.



    That rent includes mortgage interest, a provision for maintenance and profit.
  • MrRee_2
    MrRee_2 Posts: 2,389 Forumite
    Walcott wrote: »
    You have a habit of long paragraphs that say absolutely nothing.

    Are you a child? That's a serious question .....
    Bringing Happiness where there is Gloom!
  • chucknorris
    chucknorris Posts: 10,795 Forumite
    Part of the Furniture 10,000 Posts Name Dropper
    ukcarper wrote: »
    That rent includes mortgage interest, a provision for maintenance and profit.



    I admire your endurance
    Chuck Norris can kill two stones with one birdThe only time Chuck Norris was wrong was when he thought he had made a mistakeChuck Norris puts the "laughter" in "manslaughter".I've started running again, after several injuries had forced me to stop
  • MrRee_2
    MrRee_2 Posts: 2,389 Forumite
    Walcott isn't that great at football either .............
    Bringing Happiness where there is Gloom!
  • System
    System Posts: 178,376 Community Admin
    10,000 Posts Photogenic Name Dropper
    ukcarper wrote: »
    That rent includes mortgage interest, a provision for maintenance and profit.

    Nope. The rent is a pre determined balance within a band of rental prices. The landlord did not explicitly sit there and factor in the cost of maintenance. It is either take it or leave it.

    Anyway, you analysis still leaves the landlord with the full capital to pay back at the end of the term.
    This is a system account and does not represent a real person. To contact the Forum Team email forumteam@moneysavingexpert.com
  • ukcarper
    ukcarper Posts: 17,337 Forumite
    Part of the Furniture 10,000 Posts Name Dropper
    chucknorris wrote: »
    I admire your endurance



    And I'm not a landlord and have no desire to be one.
  • MrRee_2
    MrRee_2 Posts: 2,389 Forumite
    You keep on about this Landlord being limited to the amount he can rent for - they can let the property at whatever they fancy!
    Bringing Happiness where there is Gloom!
  • System
    System Posts: 178,376 Community Admin
    10,000 Posts Photogenic Name Dropper
    MrRee wrote: »
    Walcott isn't that great at football either .............


    I thought you would admire him. His property portfolio is what your wet dreams are made of.
    This is a system account and does not represent a real person. To contact the Forum Team email forumteam@moneysavingexpert.com
This discussion has been closed.
★ ★ ★ Meet your Ambassadors

🚀 Getting Started

Hi new member!

Our Getting Started Guide will help you get the most out of the Forum

Categories

  • All Categories
  • 352.2K Banking & Borrowing
  • 253.6K Reduce Debt & Boost Income
  • 454.3K Spending & Discounts
  • 245.3K Work, Benefits & Business
  • 601K Mortgages, Homes & Bills
  • 177.5K Life & Family
  • 259.1K Travel & Transport
  • 1.5M Hobbies & Leisure
  • 16K Discuss & Feedback
  • 37.7K Read-Only Boards

Is this how you want to be seen?

We see you are using a default avatar. It takes only a few seconds to pick a picture.
Update Your Picture