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Tips for future Landlord

Runnerpart2 · 2016-11-29 21:49:35

Hi All I am looking to get a bit of information about becoming a landlord, if there are any wise experienced landlords out there that can guide me in the right direction that would be great. I only need some rough figures on what you must have to be a landlord and fees it would entail: Landlord Insurance Building Insurance…

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booksurr Posts: 3,700 Forumite

2 December 2016 at 12:26AM edited 2 December 2016 at 12:28AM

Philuk wrote: »

The biggest change from April 2017 is the massive reduction on mortgage interest payment deductibility, I honestly do not see how anyone can make money a profit in BTL anymore with the current 2-4% yield we see in most part of England.

that is a distorted comment

the changes to tax relief on finance costs has precisely zero impact on anyone who will remain a nil or basic rate taxpayer. Yes it affects those who are higher rate, and yes it will push some into higher rate who would not previously have been there, but it is not a "massive reduction"

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Tips for future Landlord

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