Is it a good time to be a landlord?

ileven1225

Crashy_Time wrote: »

Low debt/cash rich landlords will do OK as the less economically clued up landlords offload property in the next few years.

Before 2017, as the interest rate is very low, surely low debt/ cash rich landlords would gain less benefits from the low rate, when compared with those landlords highly relied on mortgages. But after 2018, as the stamp duty (3% additional) and interest rate will increase plus the mortgage would not contribute to tax relief, those high debt landlords will have a difficult life.

Crashy_Time

ileven1225 wrote: »

Before 2017, as the interest rate is very low, surely low debt/ cash rich landlords would gain less benefits from the low rate, when compared with those landlords highly relied on mortgages. But after 2018, as the stamp duty (3% additional) and interest rate will increase plus the mortgage would not contribute to tax relief, those high debt landlords will have a difficult life.

Yes, that is what I said, glad you agree Many over-leveraged landlords will be in trouble going forward, and this is exactly what the PTB want because there are now votes to be had by putting them in trouble.