My mum is ok because she’s a lower rate tax payer and has had it for about 35 years (we lived in it as council tenants for about 15 years).Originally Posted by noTAGlove
If I was to buy it now as a higher rate tax payer with even a 50% deposit it would be a terrible investment.
Its fully managed for either 12.5% or 15% fee and the agent was emailing my mum over Christmas to ask what to do as the tenants are drying their clothes on the radiators and the closed windows are full of condensation. I would have lost it at them but I stay well clear of that kind of stuff now.
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