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Is our let-to-buy project a good idea in the new BTL environment?
Comments
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Crashy_Time wrote: »Your mortgage payments seem big for a flat in this low rate environment, maybe I am just too used to living on the cheap........
well we fixed for five years at 2.7% in Dec 2013, which looked like a good deal at the time but of course with hindsight was now0 -
So if there are buy to let landlords selling up how do you think you are going to let your flat and make a profit?
If you sell for less in a softening market you also buy for less. You actually save money if you sell in a cheaper market than if prices are rising because you sell your flat for less and then the property you are buying costs less.
selling with three very similar properties already on the market in the same road is not going to be fun, we'd rather sit tight and wait for them to go I think.0 -
zoothornrollo wrote: »selling with three very similar properties already on the market in the same road is not going to be fun, we'd rather sit tight and wait for them to go I think.
Best to undercut them on price IMO.0
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