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Exactly that

It’s not mine, it’s my mum’s ex local flat. I will be the idiot in charge of it, just not the beneficiary. The beneficiary won’t know I’m in charge and will need to submit requests to the trust,...

We’re going to go with one for a single low value BTL due to not being able to trust the person it would otherwise be gifted to.

He would find a way to remortgage it and fall into arrears so the...

I’d say that’s the plan.

39 properties as of 2019 worth approx £30m

Bought a company in the British Virgin Islands which somehow ended up with them owning a house in Marylebone worth £6.5m and no stamp duty. A nice £300k...

Sorry, got my data mixed up. Think landlord was the second highest occupation for conservative MPs at one point but can’t find the exact snippet now.
...

Skewed Londoner then. Round here they only build up.

Must more turnover in flats than houses. A broker told me before 1 bed flats change hands every 5 years whereas houses it’s much much longer.

Wonder how flats Vs houses move the avg price. More flats than houses in the UK (I’d guess) and they seem to be the ones having the harder time with values. Wonder if it’s even weighted? Be...

Most conservative MPs are landlords so it does make you wonder why the change has been made

If you have one or two and are doing ok it’s time to get back in your box

If you have a few or a...

That’s the reason I asked. My mum has a BTL and if she sold it she has no idea where she would put the money but it looks like the BTL game for just one property it up.

Could potentially pay off...

Nosey question so don’t feel compelled to answer but where will you put your sale proceeds as an investment next? Drip feed into his and hers ISAs for a few tax years, pension fund?

Off topic a bit but I really don’t know why there isn’t a strong additional stamp duty for buyers who don’t have settled status/indefinite leave to remain or UK passport holders.

Second home...

Councils are too busy pushing council tenants into social housing which the tenant can never buy.

I think most councils have a three strike rule now where if you reject three properties you’re on...

Careful now, Mick P will be along with his stories of the 20% off holiday home win while crying his eyes out that someone offered him 5% under on his UK home and calling them a toe rag.

Mick...

I just changed and consolidated my savings accounts recently to a bank which gives something called an expected profit instead of a set interest rate. These account types aren’t market leading so I...

Saw a post on LinkedIn from someone who had just bought a few places for cash, commercial and resident, saying they wanted to take on debt but the interest rates are so bad they’re buying much less...

Could probably guess who that is. The other big hit is 40/50 year old men looking for 1-2 bed flats in Jan. Christmas is the last straw for many and Jan is divorce season.

To be fair that's a penthouse duplex that's over 1,000 sq ft with private outside space. More of a Selfridges 2 bed flat. Eye watering that someone on 65k and up would want to live there though. Rich...

Any ideas on what the landlords selling up are doing with their money? Into REITs via SS ISA? Would take a few years.

We're in a "forever house" currently, should be here until at least 60-65. No need to move unless our finances change drastically for the better or worse.

If there was a serious drop of prices...

I'm down the road and back onto Epping Forest. What you get for your money is insanity. We bought less than 18 months ago and we could not afford our house today.

When we first got the keys a few...

My mum did one here in the loft on our third viewing, didn't even warn anyone. My wife went went to look at a bathroom and saw my mum on the toilet and they both screamed.

Still can't believe she...

Doesn't mean it is.

Touché

Fixing for 5 years?