http://money-watch.co.uk/3892/pensions-vs-buy-to-let UK Personal Finance Blog, Money Information and Links. Thu, 18 Mar 2010 12:59:37 +0000 http://wordpress.org/?v=abc hourly 1 http://money-watch.co.uk/3892/pensions-vs-buy-to-let/comment-page-1#comment-44048 JeZZro Tue, 05 Feb 2008 18:46:05 +0000 http://money-watch.co.uk/3892/pensions-vs-buy-to-let#comment-44048 Both you and Plonkee say that definately can't afford to spur out into the property market. I think it may be hard for a while, but it's the old story, get your foot on the ladder. I did this 6 years ago with a Northern Rock mortgage of 120% (guess I was sub-prime there then) to pay student debts. Since then property has lept in price, but this has been happening now for 40 years! Because of gearing and not selling houses I move from, I now have 4 houses and the deposit for two more ... and my salary is still nothing much. With property, it's long term thing. So the market may slow, but when it picks up, it usually jumps and it can be better to be in early. Ideally remortgage every two years approx. Take max money each year. Only make interest only payments (as tax deductable), and soo, as prices increase, you'll have more money to invest. Leave as little equity in the properties that are rented out as possible. Both you and Plonkee say that definately can’t afford to spur out into the property market. I think it may be hard for a while, but it’s the old story, get your foot on the ladder. I did this 6 years ago with a Northern Rock mortgage of 120% (guess I was sub-prime there then) to pay student debts. Since then property has lept in price, but this has been happening now for 40 years! Because of gearing and not selling houses I move from, I now have 4 houses and the deposit for two more … and my salary is still nothing much. With property, it’s long term thing. So the market may slow, but when it picks up, it usually jumps and it can be better to be in early. Ideally remortgage every two years approx. Take max money each year. Only make interest only payments (as tax deductable), and soo, as prices increase, you’ll have more money to invest. Leave as little equity in the properties that are rented out as possible.

]]> http://money-watch.co.uk/3892/pensions-vs-buy-to-let/comment-page-1#comment-40260 plonkee Thu, 10 Jan 2008 23:15:40 +0000 http://money-watch.co.uk/3892/pensions-vs-buy-to-let#comment-40260 I'm also definitely in the "can't afford to do buy to let even if I wanted to" category. I only just got enough together to put a deposit down on my own (extremely modest) house. Let alone trying to be the next big slum landlord. I’m also definitely in the “can’t afford to do buy to let even if I wanted to” category. I only just got enough together to put a deposit down on my own (extremely modest) house. Let alone trying to be the next big slum landlord.

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