Buy to Let

I currently have a certain amount to invest for a deposit on a reasonable sized property in the North and am considering buy to let over alternative investments. My basic (though perhaps naive) question is ; are there still short, medium and long term benefits to be had in this market

Thanx Ray

Reply to
RM1
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Yes - so long as you don't pay over the odds for the property, avoid high gearing, avoid void periods, get good tenants who don't trash the place.

Reply to
Doug Ramage

In other words, no.

Reply to
Ronald Raygun

Reply to
John Smith

BTW great site.

Reply to
sam1967

Direct Quote taken from the First Time Buyer section.

"There aren't enough council houses to go round, especially with people from all over the world flocking to England to claim our benefits."

Thats a bit politically Incorrect is it not? Sounds like somthing you would see on the BNP website

Reply to
Phil Deane

While you can't take tax a population and hand over their money to migrants making fraudulent claims - only a space cadet would argue otherwise - the real problem is that New Labour are more thatcherite than Thatcher. In this instance it has meant government involvement in housing is now virtually nothing. There's no social/affordable housing for Mr. or Mrs. Daily-Grind who can't afford market rates, as in order to qualify for help you have to be 'needy' - ie. a mentally ill, one-legged, single parent from Afghanistan. As the oppositon party is an even more whacko right-libertarian 'privatise the air' outfit, it's easier all-round to just keep blaming some gang-exploited migrant for the now unbelievably bad housing crisis.

Now that the Utility Windfall Tax money has gone, the right-wing government lacks any ability to put progressive programs into action. What you have left is the rich and corporations enjoying a friendly tax regieme while Joe average can't make ends meet and feels badly 'overtaxed'.

Whenever extreme freemarkteers like Blair and Brown are in office the middle class shrinks and the poor are trodden into the mud.

d.

Reply to
David

It certainly does compromise the trust you place in a website's contents when you read that kind of thing. Don't think I'll go back there...

Reply to
Dan Gravell

Yeah well they have religious convictions, which is always the tip of the iceberg. They may thinks it's fine to have babies in your 50s but the rest of the population would rather have them at a more biologically appropriate time.

Reply to
stuart noble

Anyone who thinks Blair and Brown are "extreme freemarketeers" has a very strange understanding of what a free market is.

If we had a free market in land, for instance, we wouldn't have to fit

90% of a growing population into a fixed 10% of the UK's land area.
Reply to
<strowger

Do what I did and bought a flat with a tennant already in it, you can just see if they look after the place and you can ask what the landlord was like over repairs etc....................I am doing very well out of it and I have a delightful tennant

Reply to
Pet lover

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