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Is Buy to Let dead?
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ThinkingOutLoud wrote: »Sorry about the link. no idea why.
Just plug East Ayrshire and the other parameters into rightmove ... examples of both come up.
Ok, cheers.0 -
Section 24 is a game changer, anyone earning 43k+ and relying on a mortgage to finance his portfolio will find themselves sitting on negative net yields. This will trigger a sell off which may them turn the market and takes many BTL into negative equity. Even if the Gov website stipulates that only 15% of BTLer will be worst off after the change, the momentum that the tax relief change will create at the margin will snowballs and result in heavy equity destruction. I guess if you are long with no mortgage, you might plan for a different exit strategy, but for amateur landlord, banks won't follow them if the LTV goes through the roof when it comes to refinancing. That's even before considering potential interest rate rise (I know, they are set ad-eternum to 0% but who knows, one day...)
The US seem set on rate rises whatever "data" crops up?0
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