Buy To Let Mortgages Question

[ANTOM]

Just wondering if any one out there has any experience of the buy to let mortgage

 

[pjd104]

Hi Antom

Is there anything in particular you want to know?

 

[ANTOM]

Hi pjd thanks for replying I have 2 properties which i let out I want to try and increase my portfolio obviously not a lot of capital gain at the moment but there is some value to be had if you are in it for the long term any info on how it works or have you nay eperience of it yourself thanks

 

[DonKing]

Hi pjd thanks for replying I have 2 properties which i let out I want to try and increase my portfolio obviously not a lot of capital gain at the moment but there is some value to be had if you are in it for the long term any info on how it works or have you nay eperience of it yourself thanks

How did you come to owning 2 properties which you rent out, if you know nothing about mortgages?

Do you have any questions on the tax side of things????

 

[queenlex]

Hi pjd thanks for replying I have 2 properties which i let out I want to try and increase my portfolio obviously not a lot of capital gain at the moment but there is some value to be had if you are in it for the long term any info on how it works or have you nay eperience of it yourself thanks

Not a lot?? This would be the craziest time to buy to let imho. Interest rates quite possibly going to rise again soon, lack of renters when lots of the Eastern Europeans go home especially with all the loss of jobs in constructions, quite possibly income tax rates going up in the budget, need I go on?

Prices are hardly likely to rise above what they are now either with all due respect so where does the capital gain you would probably be better off sticking your excess cash in some ofthehigh interest rate deposit/savings a/cs surely.