Buy to Let
Is Buy To Let Dead?
In a word no.
Are there other options yes? But beware of offers ‘to good to be true.’
Enter ‘shiny object syndrome’. In a nutshell, shiny object syndrome is when someone focuses all their attention on something new and current. Usually, this is at the expense of whatever they have or are currently doing.
Why Invest in Buy To Let?
I admit it, Buy To Let is slow, boring, not that interesting. But that’s why I love it. It gives me steady, consistent cashflow and decent appreciation. This is accumulated over the long haul, the miracle of compounding comes into force!
Everyone needs somewhere to live and with ever increasing house prices, some people will not be able to get on the property ladder at all, or take a much longer time than first anticipated, they will look for rented accommodation.
With tax changes to both the second stamp duty levy and the abolishment of tax relief on mortgage interest, some commentators may be thinking its not worth it. First, we have to look at the long term, we are not gamblers, we are in it for the long haul, so these initial higher costs will erode away over a 20 year period. Second, there are certain structures that we can purchase the property under, to still take advantage of the tax relief on the mortgage interest.
I’ll leave you with this quote, ‘The grass is greener on the other side, because the grass is fake!’
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