| Topic: | Re:Re:Re:Re:Re:Re:Re:Re:Re:Warning from the Bank of England | |
| Posted by: | Claire Moran | |
| Date/Time: | 16/07/15 12:49:00 |
| Thanks Adrian. It seems that as Buy to Let Investors can still offset all their rent from tenants against their mortgage interest payments they only pay tax on any profit after that, less other allowable expenses, so as long as house prices keep going up, they just have to sit and wait for their assets to rise in value with vitually no risk. If you have enough money for a good deposit so you can get a reasonable rate of interest, especially if you are able to get a long term mortgage so you don't have to keep paying mortgage fees each time you take out a new one, as long as you are prepared to put up with bit of hassle that comes with being a landlord, it is a no-brainer if you want to make money. |