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  • Property Prices

    "A bad property deal is like a bad haircut ... it will grow out" ... or will it?

    I genuinely get terrified when my friends talk about getting a BTL property.  Even those that know about S.24 seem to be focused solely on capital growth with no understanding that this will only occur based on the ease, availability and cost of credit, this has been the primary driver in the economy for as long as I can remember.  They don't look at the rent in relation to the mortgage at 5-6% interest, taxes and other running costs.  I have the good sense not to try to tell them otherwise, very few people in my experience want advice unless they ask for it.  Yields are so poor in the SE at the moment as an investment it seems an unwise choice, although as a store of capital outside the banking system I completely understand.

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    It would be very interesting to hear an update from Vanessas original post 6 years ago now.

    Have the properties increased in value?

    What other fees have been paid out in the meantime?

    I must admit these properties sound like a total nightmare.


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