How Much Did Your House Earn In 2015 ?

mwpt

HappyMJ wrote: »

My house is rented out at the moment at £600 per month and according to Zoopla has made £7,000 capital gain....so in total I make that £14,000 in one year. Is that right?

Subtract tax.

DiggerUK

I earned the same this year from my house, as I did last year........nothing.
Stop dreaming, a profit is something you can put on the table, earnings are something you can put in your pocket.

A rise in value doesn't buy anything. The gobsh!te about house prices equating to earnings in this thread is absurd..._

cells

DiggerUK wrote: »

I earned the same this year from my house, as I did last year........nothing.
Stop dreaming, a profit is something you can put on the table, earnings are something you can put in your pocket.

A rise in value doesn't buy anything. The gobsh!te about house prices equating to earnings in this thread is absurd..._

What increasing house prices can do is lower your mortgage payments. For instance if you haave a 85% LTV mortgage and in two years when you remortgage prices are up 25% you will then be able to go onto 65% LTV deals which could mean going from 4% to 2% interest

System

I think Zoopla is massively overstating mine, £21400 this year, doesn't seem likely.

DiggerUK

cells wrote: »

What increasing house prices can do is lower your mortgage payments. For instance if you haave a 85% LTV mortgage and in two years when you remortgage prices are up 25% you will then be able to go onto 65% LTV deals which could mean going from 4% to 2% interest

We're did you learn your maths, this is fantasy.
Remortgage every two years and add up the arrangement fees.
How does your foolproof system work if prices go down.
What if interest rates go from 2% to 4%.

And on top of that you still have to repay your debt, get some gorm.
This sounds much the same as 2007 gobsh!te, in fact it is..._

Old_Git

bought in 2013 .Paid £83000 .
Agent valued it in September £115,000
zooplla guess £117,000 -£119,000.

I have another house zoopla guess £103,000

estate agent value £85,000 -£90,000

cells

DiggerUK wrote: »

We're did you learn your maths, this is fantasy.

Mostly I taught myself

DiggerUK wrote: »

Remortgage every two years and add up the arrangement fees.

worth every penny

DiggerUK wrote: »

How does your foolproof system work if prices go down.

not very well

DiggerUK wrote: »

What if interest rates go from 2% to 4%.

happy days

DiggerUK wrote: »

And on top of that you still have to repay your debt, get some gorm.

no one has died with any debt to their name?

DiggerUK wrote: »

This sounds much the same as 2007 gobsh!te, in fact it is..._

what sounds like what? All I said was if prices go down then clearly LTVs of existing mortages go up and higher LTV mortgages tend to be more expensive.

Dandytf

moved home paid 65k 2009 (85%ltv)
73k 20015 -whats my ltv this year?

current balance owed 47k

westernpromise

£95,000 last year and £393,000 since I bought it.

Wednesday2000

Zoopla says £25k, but then Zoopla is usually inaccurate IME.:D