Browse All Tribes or choose a Tribe below:
By signing up I agree to Property Tribes Terms and Conditions
Already a PT member? Log In
Sign Up With Facebook, Twitter, or Google
By signing up, I agree to Property Tribes Terms and Conditions
Already a PT member? Log In
Don't have an account? Sign Up
To reset your password just enter the email address you registered with and we'll send you a link to access a new password.
Agree with you that it is NOT the EU's fault - disagree that by leaving they will suffer anymore than they are today.......
the country was around before the EU and will easily survive after we leave - infact if we can build up our confidence in our nation then there is no reason why we cant thrive - lets not forget - the EU is a failing project....
Does the EU that you are talking about include Spain, Italy, Greece, Portugal - let alone the East European Block of countries?
Clutching on straws I am afraid.....the similarity is in the fact that they are both "unions" - when you double click however they are worlds apart. Nevertheless, you are entitled to your view.
We have the same food standards as the rest of the EU.
The EU does not have a minimum wage. Most of the members do, many are lower than ours.
So based on Vanessa's High Wycombe example...
House value: £450kAnnual rent: £18k
This returns a gross yield of a mere 4%.
DL based on your minimum 8% criteria, would you deem this a bad investment?
4% yeild is very low in my opinion
all it needs is the Council to bring in a Licence or major repairs or a none payers and it could run at a loss
not to mention S24 Taxation
but when it was purchased at 147k its in now a good yield today
But it would be a poor yield if it was purchased at over 300K
Learn Change and Adapt ?????
All comments are for casual information purposes only. If you wish to rely on any advice I have given please ensure you obtain independent specialist advice from a third party. No liability is accepted for comments made.
OK let’s assume hypothetically a mortgage with 75% LTV at a rate of 2.5%.Interest only monthly payments of £703. Or £8436 a year. Minus that from the annual rent of £18k and let's say an additional £1k for insurance, repairs, etc and that still leaves an £8.5k buffer to allow for licence fees, major repairs, voids, interest rate rises you name it.This is all not even factoring capital growth which we all know is likely to happen. I fully appreciate a 4% yield won’t work for you in your area but I’m amazed at how someone of your experience can’t see how a BTL could be profitable in the South.
For a Business Plan I would not use 2.5% interest rate
I would use 5% to 6%
and I would factor in S24 if I was buying in my own name and councils are looking at Licance for every property in the uk by the looks of it
Costs are going to rise for all of us one way or another
Thats why I set my yields high at 8% in preparation for more costs