Buy to let properties, sell or keep?

[Bossfarmer]

Im just curious on peoples thoughts the way the interest rates are going will house prices drop? Or keep rising albeit at a slower rate, could be a good time to think whether to offload rental houses?

 

[welger]

Depends on when they was brought and how much cgt tax got find

 

[HarryB97]

Also depends on how popular and accessible these 0 deposit mortgages are, don’t no much about them but could be a threat.

 

[WD2022]

Keep, I have increased rents by 7% in January not lost a Tennant. Will do same again in 2024

 

[Still Farming]

Depends how much you fleeced off tenants over the years possibly too?

 

[Bossfarmer]

Also depends on how popular and accessible these 0 deposit mortgages are, don’t no much about them but could be a threat.

Interesting point do u think that will continue to drive property prices?

 

[BrianV]

Interesting point do u think that will continue to drive property prices?

Supply & demand will regulate property prices, as long as the government continues to allow well over 300,000 a year into the country & don't build enough houses then rents will stay high & prices stay firm, here in Devon rental property is like gold dust.

 

[Lincsman]

Also depends on how popular and accessible these 0 deposit mortgages are, don’t no much about them but could be a threat.

They will need to be able to afford higher payments month without a deposit.

 

[T Hectares]

It really depends where you are in the country, there seems to be no end of demand here despite loads of houses being built in the vale below us
The main problem with selling them is probably CGT
A bigger issue with renting Farm cottages is complying with EPC regs, with a house bought with the intention of letting hopefully a newer house has been sought where it’s less of an issue but still can be a major pia

 

[Lincsman]

It really depends where you are in the country, there seems to be no end of demand here despite loads of houses being built in the vale below us
The main problem with selling them is probably CGT
A bigger issue with renting Farm cottages is complying with EPC regs, with a house bought with the intention of letting hopefully a newer house has been sought where it’s less of an issue but still can be a major pia

EPC rules have yet to be passed, probably wont happen now.

 

[T Hectares]

EPC rules have yet to be passed, probably wont happen now.

It’s already legislation to have a minimum of E unless the cost cap comes in at over £3500
It’s likely to change as the scoring is rubbish but it won’t go away as it ties in with Gov’s bet zero aims

 

[HarryB97]

Interesting point do u think that will continue to drive property prices?

Potentially but may also massively reduce the demand for smaller rentals like 2 beds and also make most no matter the size look very expensive compared to a mortgage where you are left with an asset.

 

[Lincsman]

It’s already legislation to have a minimum of E unless the cost cap comes in at over £3500
It’s likely to change as the scoring is rubbish but it won’t go away as it ties in with Gov’s bet zero aims

I meant the proposed to "c"

 

[Bury the Trash]

Depends how much you fleeced off tenants over the years possibly too?

whinging about less subsidy one minute then asking best way to manage their property portfolio the next, you couldn't make it up .

 

[neilo]

whinging about less subsidy one minute then asking best way to manage their property portfolio the next, you couldn't make it up .

Quite. Where’s @glasshouse ?

 

[onesiedale]

whinging about less subsidy one minute then asking best way to manage their property portfolio the next, you couldn't make it up .

I guess the loss of subsidy means the loss of deposit on the next buy-to-let

 

[unlacedgecko]

Im just curious on peoples thoughts the way the interest rates are going will house prices drop? Or keep rising albeit at a slower rate, could be a good time to think whether to offload rental houses?

How many units do you own? What kind? Freehold? Leasehold? HMO? Are they mortgaged or owned outright? Do you own them yourself or through a Ltd Company? Do you self manage or have an agent? What's their current EPC? What's their location and current rental prices? Is there any major scheduled maintenance due in the next 5 yrs?

Once we have more info we can give proper advice.

 

[PSQ]

With ScotGovs rent cap, the threat of EPC legislation that rural properties will never be able to meet and other bulls**t like the ban on new back boiler stoves, a lot of landlords are saying “f**k it”, and cashing their properties in.

 

[How much]

I meant the proposed to "c"

That's change to c is still planned for 2028 i believe it was meant to come in for new tenancy's from 2024 and existing ones from 28 they will now all become liable in 28 , or at least that is the plan, it could change I guess but lenders are also apparently tightening up on the availability of mortgages on lower rated EPC's so ultimately it will become harder to both buy and sell that type of property so by encouraging landlords to invest in the property by upping improving its EPC to retain its capital value

 

[Optimus]

With ScotGovs rent cap, the threat of EPC legislation that rural properties will never be able to meet and other bulls**t like the ban on new back boiler stoves, a lot of landlords are saying “f**k it”, and cashing their properties in.

My wife is about to sell hers for those reasons.