Ready, steady… save!
You don’t need a chart to join in. Here are 2 ways to record your savings:
1. Cross it off
Pop a chart into your first post. Saved an amount? Cross it out! Read more »
£0.01 £0.02 £0.03
2. Write it down
Skip the chart and add updates to your first post. Read more »
“Another +£3 saved today. Go me!”
Use +£ before each new saving so it counts towards your total.
PLEASE READ BEFORE POSTING:
Hello Forumites! In order to help keep the Forum a useful, safe and friendly place for our users, discussions around non-MoneySaving matters are not permitted per the Forum rules. While we understand that mentioning house prices may sometimes be relevant to a user's specific MoneySaving situation, we ask that you please avoid veering into broad, general debates about the market, the economy and politics, as these can unfortunately lead to abusive or hateful behaviour.
Threads that are found to have derailed into wider discussions may be removed. Users who repeatedly disregard this may have their Forum account banned. Please also avoid posting personally identifiable information, including links to your own online property listing which may reveal your address. Thank you for your understanding.
📨 Have you signed up to the Forum's new Email Digest yet? Get a selection of trending threads sent straight to your inbox daily, weekly or monthly!
Tenant arrears and potential problems with tenants - how often does it happen?
Comments
-
It is possible to buy insurance which covers non-payment of rent. Of course, it is just an extra cost which would need to be budgeted for - alongside mortgage lender fees; mortgage interest; letting agent costs; solicitor fees; stamp duty; maintenance costs; and tax. It all adds up and all needs to be factored into your calculations to decide whether BTL is really the best option.
Could you consider a balanced portfolio of stocks & shares instead? The major stock markets have historically generated a return of 7-8% per year, so that would be a reasonable expectation over the long term.
A key advantage of stocks & shares is that you can hold them through an ISA - which makes the returns tax free - compare that with a BTL property where you would have to pay higher rate stamp duty on purchase; income tax on the rent; and potentially capital gains tax on sale.
1
Confirm your email address to Create Threads and Reply
Categories
- All Categories
- 355.9K Banking & Borrowing
- 255K Reduce Debt & Boost Income
- 456.2K Spending & Discounts
- 248.4K Work, Benefits & Business
- 606.1K Mortgages, Homes & Bills
- 179.1K Life & Family
- 264K Travel & Transport
- 1.5M Hobbies & Leisure
- 16.2K Discuss & Feedback
- 37.7K Read-Only Boards