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Buying is £124 a month cheaper than renting
Comments
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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.
If the rent was to low to cover maintenance etc the landlord would not have bought.0 -
Try it. Take your £2k a month rental house (if that was not a lie like most of your posts) and try renting it for £10k. See how many takers you have.You keep on about this Landlord being limited to the amount he can rent for - they can let the property at whatever they fancy!This is a system account and does not represent a real person. To contact the Forum Team email forumteam@moneysavingexpert.com0 -
If the rent was to low to cover maintenance etc the landlord would not have bought.
Yet they do. Like I said before - investors are not just interested in rental income. They have two elements to their investment: 1) revenue, and 2) capitalThis is a system account and does not represent a real person. To contact the Forum Team email forumteam@moneysavingexpert.com0 -
Try it. Take your £2k a month rental house (if that was not a lie like most of your posts) and try renting it for £10k. See how many takers you have.
I may try for £2250 .... and yes, I would get it - as long as there are renters like you around we shall charge what the next person will pay ...... like I said, thank you for playing.Bringing Happiness where there is Gloom!0 -
I may try for £2250 .... and yes, I would get it - as long as there are renters like you around we shall charge what the next person will pay ...... like I said, thank you for playing.
Clutching at straws.
£225 is nothing on a mortgage. I got almost that of my mortgage when I went off my fixed onto variable. A small interest rate rise would have wiped that off. Lucky you are not an investor. Your sums don't add up.This is a system account and does not represent a real person. To contact the Forum Team email forumteam@moneysavingexpert.com0 -
Yet they do. Like I said before - investors are not just interested in rental income. They have two elements to their investment: 1) revenue, and 2) capital[/QUOTE
If the landlord is looking for capital growth with a serious landlord the rent will be more than interest and maintenance costs will be built in.0 -
Yet they do. Like I said before - investors are not just interested in rental income. They have two elements to their investment: 1) revenue, and 2) capital[/QUOTE
If the landlord is looking for capital growth with a serious landlord the rent will be more than interest and maintenance costs will be built in.
It isn't though. You keep on posting the same post again and again.This is a system account and does not represent a real person. To contact the Forum Team email forumteam@moneysavingexpert.com0 -
This is a system account and does not represent a real person. To contact the Forum Team email forumteam@moneysavingexpert.com0
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