Cable Forum - View Single Post - Buy To Let-The scourge of Britain..

Escapee · 20-06-2007, 20:08

Personally my situation means my mortgage is about Ã‚Â£150-200 a month less than renting a similar size property. I am happy to buy because I do not consider moving and its far cheaper in the long run because rents will always increase far more than interest rates, buy to rent people will always have to increase costs if interest rates rise and they will always increase prices in line with inflation an wages.

It costs about Ã‚Â£500-550 a month for a house/land of my size around here and it costs about Ã‚Â£1000 a month in Cardiff for the same.

I think its very rare to rent a property cheaper than it is to buy for a long term proposition, after all you are paying someone elses mortgage and x amount on top. Renting may be seen as less hassle with no maintenance, but would all these BTR landlords bother if it wasn't such a money spinner and long term investment?

20-06-2007, 20:08	#9
Escapee Inactive Join Date: Jun 2003 Location: This Planet Posts: 4,028	Re: Buy To Let-The scourge of Britain.. Personally my situation means my mortgage is about Ã‚Â£150-200 a month less than renting a similar size property. I am happy to buy because I do not consider moving and its far cheaper in the long run because rents will always increase far more than interest rates, buy to rent people will always have to increase costs if interest rates rise and they will always increase prices in line with inflation an wages. It costs about Ã‚Â£500-550 a month for a house/land of my size around here and it costs about Ã‚Â£1000 a month in Cardiff for the same. I think its very rare to rent a property cheaper than it is to buy for a long term proposition, after all you are paying someone elses mortgage and x amount on top. Renting may be seen as less hassle with no maintenance, but would all these BTR landlords bother if it wasn't such a money spinner and long term investment?