Why Become a Landlord?

Cotta

ThePants999 wrote: »

It's "not a real problem" for the doctor because, assuming they're sensible, if BTL ceases to offer an adequate return on their investment, they'll evict their tenants and sell the properties. That IS a real problem for the tenants!

Ceases as in government intervention?

Comms69

Cotta wrote: »

Ceases as in government intervention?

What kind of intervention?

Al_Barino

Am I right in understanding that mortgage payments will no longer be offset against tax liabilities? So if you're renting something for 1k a month and your mortgage is 750 you'd only make £50 a month (assuming your personal allowance is eaten up by your primary employment). Surely that will take a lot of amateur investors out of the market?

Comms69

Al_Barino wrote: »

Am I right in understanding that mortgage payments will no longer be offset against tax liabilities? So if you're renting something for 1k a month and your mortgage is 750 you'd only make £50 a month (assuming your personal allowance is eaten up by your primary employment). Surely that will take a lot of amateur investors out of the market?

The mortgage is an investment. It is paying off equity in the property, so it's not quite that simple; but broadly speaking yes that is correct.

dinkylink

I'm an 'accidental' landlord of sorts; I know how some people on here love that term! :rotfl:


But I take my responsibilities seriously and also like to think I'm a decent landlord.


My one and only set of tenants of 10 years recently gave me notice and I'm going to be selling up. I'd have to agree that the way it's going I just think the writing's on the wall for the accidental/amateur landlord and I haven't got the heart to rent out the property again.


And that means one less property to rent in my town, a situation which is surely being mirrored up and down the country...

onwards&upwards

dinkylink wrote: »

And that means one less property to rent in my town, a situation which is surely being mirrored up and down the country...

Not if you sell it to a professional landlord or housing provider, and if it’s a FTB home that’s one person/couple/family removed from the merry go round and stress of private renting.

Cotta

Comms69 wrote: »

What kind of intervention?

Increasing taxes so that there is nothing to be made from being a Landlord.

Comms69

Cotta wrote: »

Increasing taxes so that there is nothing to be made from being a Landlord.

Why would they do that? It's a cornerstone industry

Gwendo40

Landlords aren't ''providing a service''... BTL by it's very nature creates it's own demand.

dinkylink

onwards&upwards wrote: »

Not if you sell it to a professional landlord or housing provider, and if it’s a FTB home that’s one person/couple/family removed from the merry go round and stress of private renting.

But in reality it won't play out like that for a lot of people.

There are people who would never be able to buy their own place regardless. In fact I would imagine this demographic makes up a substantial % of the private sector. They will be the ones who will be most affected by the various changes that have been bought in over the past few years and which is causing landlords to sell up.

As supply is reduced rental prices generally will rise more sharply. So it's the most vulnerable who will actually be worse of through the introduction of these various policies, the same policies that are supposed to be helping them...