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Hard days for landlords or to be landlords.

Yulia
Yulia Posts: 9 Forumite
in House buying, renting & selling
Hi all.
What do you think on becoming landlord now.
House price soaring, govt forcing FTB to use help to buy or other schemes for their first home. At the end buyer is end up with paying more for even small house.
Builders are enjoying the time.
It is really hard to buy BTL property.
Is making things hard for landlords a failure of govt?
Days by day profit in this business is decreasing. Something to react now?
«1

Comments

  • fairy_lights
    fairy_lights Posts: 9,220 Forumite
    Yulia wrote: »
    Is making things hard for landlords a failure of govt?
    Why would it be a failure of the government? Why would it be the governments job to make things easy for landlords?
  • Bluebirdman_of_Alcathays
    Bluebirdman_of_Alcathays Posts: 2,859 Forumite
    Yulia wrote: »
    Hi all.
    What do you think on becoming landlord now.
    House price soaring, govt forcing FTB to use help to buy or other schemes for their first home. At the end buyer is end up with paying more for even small house.
    Builders are enjoying the time.
    It is really hard to buy BTL property.
    Is making things hard for landlords a failure of govt?
    Days by day profit in this business is decreasing. Something to react now?
    I suspect lots on here regard it as a success by the Government.
  • elverson
    elverson Posts: 808 Forumite
    Buy to let makes things harder for first time buyers so it's good that the government are making BTL difficult.

    Nobody is forced to use Help to Buy.
  • Yulia
    Yulia Posts: 9 Forumite
    fairy_lights wrote: »
    Why would it be a failure of the government? Why would it be the governments job to make things easy for landlords?
    Introducing extra stamp duty on BTL, more tax on profits, etc...do we think it's easier than before? Instead making more homes rather than stopping others to creat a property business is nature of help.
  • Guest101
    Guest101 Posts: 15,764 Forumite
    Yulia wrote: »
    Introducing extra stamp duty on BTL, more tax on profits, etc...do we think it's easier than before? Instead making more homes rather than stopping others to creat a property business is nature of help.



    But that's not the issue with BTL.


    By definition your business is only successful when someone is living there.
  • Yulia
    Yulia Posts: 9 Forumite
    elverson wrote: »
    Buy to let makes things harder for first time buyers so it's good that the government are making BTL difficult.

    Nobody is forced to use Help to Buy.
    I am with FTBs... After introducing HTB and other schemes, FTBs have paid overly rated price for their homes. No doubt for first 5 years it's easy to manage but at the end they have to pay out their mortgage on high asking price of home, moreover migrants are also end up with paying high rents.
  • marksoton
    marksoton Posts: 17,516 Forumite
    Yulia wrote: »
    Introducing extra stamp duty on BTL, more tax on profits, etc...do we think it's easier than before? Instead making more homes rather than stopping others to creat a property business is nature of help.
    Yulia wrote: »
    I am with FTBs... After introducing HTB and other schemes, FTBs have paid overly rated price for their homes. No doubt for first 5 years it's easy to manage but at the end they have to pay out their mortgage on high asking price of home, moreover migrants are also end up with paying high rents.

    Say again.....?!
  • Yulia
    Yulia Posts: 9 Forumite
    marksoton wrote: »
    Say again.....?!
    I am with FTBs.
  • Guest101
    Guest101 Posts: 15,764 Forumite
    Yulia wrote: »
    I am with FTBs.
    You need to explain what you mean better
  • marksoton
    marksoton Posts: 17,516 Forumite
    Yulia wrote: »
    I am with FTBs.

    I'm with Nationwide. What's your point?
This discussion has been closed.
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