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Going buy to let: "So Sir, what's your strategy for paying back the capital?"
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Hi all, just to wind this thread up, to answer my original question the bank (as predicted by the MSE gurus) accepted "we'll sell the flat" as a repayment strategy.
Thanks to all!0 -
Did they talk you through how the tax changes will affect you?0
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No, HSBC wheeled out the "can't give mortgage advice" line... even though I was talking to a mortgage advisor :huh: They don't offer advice on BTL so I used the calculator here:
http://www.telegraph.co.uk/property/buy/buy-to-let-calculator-how-will-new-tax-reduce-your-profit/0 -
No, HSBC wheeled out the "can't give mortgage advice" line... even though I was talking to a mortgage advisor :huh: They don't offer advice on BTL so I used the calculator here:
http://www.telegraph.co.uk/property/buy/buy-to-let-calculator-how-will-new-tax-reduce-your-profit/
Interesting.0 -
Thrugelmir wrote: »Leaving the Euro Zone isn't on the agenda though.
To make that an option that other countries will want to avoid they have to make life difficult for the UK now, or at least try to? Taking banking jobs out of London will be fully on the agenda now, as well as making it more difficult for London based banks to do business in the EZ?0 -
Crashy_Time wrote: »To make that an option that other countries will want to avoid they have to make life difficult for the UK now, or at least try to? Taking banking jobs out of London will be fully on the agenda now, as well as making it more difficult for London based banks to do business in the EZ?
There's a smokescreen laid by Brexit which hides a fair more complex situation. Jobs constantly move as Companies do.0 -
Thrugelmir wrote: »There's a smokescreen laid by Brexit which hides a fair more complex situation. Jobs constantly move as Companies do.
Not to the extent they will move if the passporting rules change?0
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