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[boletus]

Plus the other increases since 2015 and the higher tax bands. [/SIZE][/FONT][/COLOR][/LEFT]


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Well, your illustration shows no rent increases. If you had gradually increased rents annually since 2015, compounded, it could have...

[boletus]

That's the point I was making really, you are assuming everyone is in your (our) position.

For example a school leaver might be better using taxman subsidised borrowing against a university education rather than BTL.

Personally, I should have invested more in sit back and forget...

[boletus]

What a strange idea.

Why on earth not?

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[boletus]

It's not JPK, it is just the first thing people like us think of because that is what we've done....

[boletus]

Better than pensions, self investment, ISA's, company share schemes etc?

(Sorry to labour the point loanarranger, I know you realise all this)...

[boletus]

...and the potential for capital loss, revenue loss, huge stress, physical violence, criminal charges and even jail time for getting it badly wrong.
You don't get that from a fixed rate deposit account!...

[boletus]

Once you take into account increases in the personal allowances and higher tax rate bands, the increase works out about neutral on those figures.
But to be blunt, you've only just woken up to this now when it was announced back in 2015, you should have been planning since then. What else don't...

[boletus]

No it isn't.

Presumably that is the crux of what HantsAgent is asking....

[boletus]

None that are bright enough to read this forum....

[boletus]

Are you charging the market rent?

[boletus]

...at 20K off and then evict them anyway.

Personally, I would bend over backwards, give them many years notice, do the decent thing and be extremely reasonable right up until she;

Any moral responsibility has gone right out of the window, serve notice now.

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[boletus]

Gawd bless her!...

[boletus]

How so?

As we both know, true "sitting tenant" tenancies are/were an abject failure for most people.

We tried it, it didn't work....

[boletus]

https://www.bbc.co.uk/news/uk-englan...shire-51046596

[boletus]

So who should empty the bins?...

[boletus]

That certainly encourages me to take on lower income families....

[boletus]

I've seen many adverts stating minimum income. Can't see anything illegal in that.

Personally, I send an automated message asking about their circumstances. Shamefacedly, I don't bother replying if they don't send enough info/unsuitable/can't find them online/don't know of them/aggressive/address...

[boletus]

https://www.thetimes.co.uk/article/3...ants-bnj0plnkq

Scottish landlords face an average ten-month legal battle to evict tenants refusing to pay rent.

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[boletus]

After many years of personal experience in this area, I can categorically say they won't....

[boletus]

Tenants aren't second class citizens and landlords are not their keepers.

If section 21 is binned, landlords will effectively be powerless and ASB will get far worse.

-Not very helpful, sorry.