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Will BTL work in 2019?
Comments
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Another option? Pay off some of the mortgage, leaving you smaller repayments. Buy a flat or apartment if you want to sound posh! Decrease your hours at work.Life is like a bath, the longer you are in it the more wrinkly you become.0
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I've not been involved directly in BTL but from speaking to people who have, it seems to be a fairly high risk route. Profits from good tenants can swiftly be wiped out by one bad tenant. A friend of a friend is selling off their rental properties as they become vacant because they feel it is becoming more hassle than it is worth.0
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To the OP, you really need to post on the Housing board to get the full benefit of the forum's experience on BTL, including being advised of all the responsibilities you will have as a landlord (read G_M's sticky first) - although I can tell you now that a large majority of replies there is going to be against doing it.0
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