Property Investment

Lagomera

Thats great advice Thanks. We are still a year away from any purchase, as we are trying to build up a decent deposit, so plenty of time to formulate a firm plan.

pathtofreedom

Don't forget you'll have to factor in the extra 3% stamp duty costs when you're working out you sums. As well if you do plan to rent it out the extra tax changes that might make that unworkable.

So unless you have a crystal ball and can predict where in the uk a house price will rise enough so that you gain enough profit to live on after mortgage interest, buying costs, captial gains tax, years of maintenance, costs for renting it out if you do do that etc etc, it seems a very strange plan to me. There are easier and more tax efficient ways to invest money over 20 years, without the worry that squatters or a bad tenant will burn the place down.

Lagomera

Seems to be very negative against using property as a fairly safe saving mechanism for a pension. I am willing to explore any avenues at this point, as my company pension will probably not be worth a great deal when it comes time to draw it!