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Deposit on property or equity investments

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Comments

  • Eco_Miser
    Eco_Miser Posts: 4,932 Forumite
    Part of the Furniture 1,000 Posts Photogenic Name Dropper
    nstreather gives a totally irrelevant answer as the OP is asking about buying a house to occupy, not to rent out.
    Eco Miser
    Saving money for well over half a century
  • xylophone
    xylophone Posts: 45,745 Forumite
    Part of the Furniture 10,000 Posts Name Dropper
    Do you want a home of your own now?
  • Thrugelmir
    Thrugelmir Posts: 89,546 Forumite
    Part of the Furniture 10,000 Posts Name Dropper Photogenic
    nstreather wrote: »
    the true money investors make is through remortgaging the property.

    Speculators of the BTL boom era bank on capital appreciation to make them money. Dangerous game to play if the market tanks at some point and the letting business side makes a loss.

    Seen plenty of houses built of cards come tumbling down over the years. Leverage is a double edged sword. Red or black. With the risk that every so often 0 comes up.
  • atush
    atush Posts: 18,731 Forumite
    Part of the Furniture 10,000 Posts Name Dropper
    Not to mention the tax changes coming up for BTL.
  • Thrugelmir
    Thrugelmir Posts: 89,546 Forumite
    Part of the Furniture 10,000 Posts Name Dropper Photogenic
    atush wrote: »
    Not to mention the tax changes coming up for BTL.

    Which I think are only the beginning. As GO has promised to level the playing field.
  • ManofLeisure_2
    ManofLeisure_2 Posts: 528 Forumite
    In your situation I would most certainly invest in a property and then take in a lodger. From April 16, 2016 you could earn £7,500 tax free :).
This discussion has been closed.
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