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Does this question relate to the spare £50k cash - or what to do with your BTL?
Impliedly if you sell now you crystallize a loss - and would have to input some or all of the £50k cash to pay down o/s loan/sale fees.
I would want to look at some conservative projections over say next 10 yrs for what CG may derive from the BTL.
Hi I fully understand what you are saying
I have said the same over the years on PT
SE landlords are now starting to switch on to the fact that Northern Landlords have known for 10 years
I have been told more than once that my view of property is wrong
But you are at the sharp end in London and your supporting every thing I have said and I want to thank you for being so honest
I can advise you that if you only invested in the L&G property fund you would have been 40% better off today if you had invested 5 years ago with a lot less hassle and effort and worry and all profits would have been tax free if you had used a ISA
I wish you luck I think If you can hang on and don't sell and ride the storm you will make money but its going to take you maybe ten years
Relaying on Capital Growth on the short term is a mugs game Rough storms are going to Hit London and the SE
Learn Change and Adapt ?????
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"i can no longer see the appeal of being a landlord just to chase a yield which can be achieved hands off in the stock market"
I think you've answered your own question very well - and lots of other landlords are thinking the same...
DISCLAIMER just my personal opinion - for legal advice consult a qualified professional grown-up.
this is 100% correct, i've seen huge capital growth in the last 4 years on my Manchester property. £150k in 2015, now valued around £220k which as a percentage is fantastic imo. This idea that there is "no capital growth on the cards" is simply incorrect. Liverpool, Sheffiled, Nottingham, Leeds are all primed to go the same way as Manchester. I believe Leeds has the fastest growing population outside of London which can only be a good thing for BTL and CG.