If you are a landlord are you thinking of selling up?

[Didyousaysomethingdarling]

Are you reassessing your continued role as a landlord, due to the changes to tax (S24), proposals regarding EPCs, the recently published private rented sector white paper, along with interest rate rises and increased maintenance costs, etc? I'm having to let one of my properties go and my tenants can't find anywhere. Is it because lots of landlords are issuing section 21s at the same time? It looks like there's a bottleneck. How do you see it playing out in the short/medium term?

Good, not sure how that helps the millions of big debt holders int he UK though?

I admit I haven’t really looked into this but my understanding was getting rid of the new fault eviction only stopped people being chucked out when they haven’t done anything wrong, they could only stay for years if they were paying their rent as well so I’m not sure how that’s relevant to you being able to afford it ?

I am actually investing in new properties if possible. I currently own 2 (and a 50% share of a property abroad) the second of which I have just bought with a Ltd Co. I am an accidental landlord of the first one, a two bed flat in London, but the second one is a deliberate BTL. Both of these have a rental income that is two thirds higher than the int only mortgages and I have 25% equity in each. The two bed is worth around 450k and the new one bed is worth around £300k.

I am a very good landlady and have been lucky enough to get nice people in there. I have a low income in my creative job and have to rent my ‘own’ 3 bed home to live in as I couldn’t get a mortgage big enough to buy a family home where I live in the SE. As the recent refurb has added value (one bed flat in a sought after area) i soon hope to release equity and buy a third BTL. Again I still won’t be able to buy my own home to live in but having the income of 3 properties will definitely help me with living costs. Although I am not rolling in it - mainly because I have to pay high rent for the place I live in - it beats going to an office every day. As a single parent who does the majority of child care I would find that very difficult anyway.

Am i worried about a property slump? Not really, I have bought just before a slump before and eventually that place went right up again. The areas I invest in are also perennially popular. People will always need to rent somewhere, like I do! I have stress tested my mortgage rates and I would still be in profit at 5% and have fixed at around half that for 5 years. It’s a gamble of course but it’s the only way I can see if making an income right now.