Tenant Tax - BTL mortgages

[malumbu]

I've got a place in Liverpool if anyone wants to start up a BTL portfolio. Four bed Edwardian terrace, 3 miles from the town centre and a couple from Anfield/Goodison. Returns around ?650 a month unfurnished. ?85k.

I would have sold it ten years ago but I had a family in it who were fine paying low rent and looking after it. Then they split up and the bloke treated it like a s... hole. It's been a pain in the neck and I have no interest in it whatsoever just couldn't sell it.

I started in my 20s buying cheap terraces for students to live in. I was great, and most of my tenants loved me, some staying several years. When I was closer in age I'd occasionally socialise with tehm. Some weren't so nice and I took the damage on the chin. House prices and rents are still very cheap in Liverpool as there is no industry any more and the middle classes generally move out to Cheshire. The rise of the small BTL, larger landlords, universities building new halls, and changes in student life style/expectations changed the market greatly. It was no longer fun nor financially worth it so I sold on.

There were no BTL mortgages when I did it so you had to box clever with loans. I've got no interest in the subject anymore, and this is merely me seeing if anyone is excited enough to make me an offer (with tenants til the New Year).

Always paid my taxes - the jump in CGT was a hell of a shock but so be it. Funny how the investment programmes never mention CGT.

[Tracey Forest]

Malumba

It wasn't a jump in CGT it was a cut for all except individual private landlords and hedge funds.