With the current climate it seems inevitable I’m going to lose my job in aviation, this pandemic has taught me that I really don’t want to have to rely on a employer any more.
I owned a house with a previous partner, we purchased it during the financial crash and sold it 2 years later for £70k profit when we split, it was never the plan but that’s just how it worked out. I think there will be the opportunity to do that again with what I see the market doing but I’m looking for something a bit more sustainable like maybe the rental market.
Does anyone own property they rent out? Just looking for some general advice, pros and cons etc. I’m not expecting to earn what I do now but if I can pay the bills without getting out of bed that will give me more time to spend with my son.
I currently don’t own any property per se, I have a house owned in trust for me that my dad can live in until he dies. There seems to be some confusion over whether this constitutes owning a property to get a buy to let mortgage? I’ve heard different opinions from every mortgage advisor I’ve spoken to
Me and my current partner could quite easily live in her flat and start our family there with me being a stay at home dad and my income coming from property. I have £265k in savings and £30k in shares in terms of a budget although I am in Sussex so it won’t go as far.
Would appreciate any advice, pros, cons, pitfalls or anything I need to be aware of as neither of us have a clue.
Thanks in advance.
I owned a house with a previous partner, we purchased it during the financial crash and sold it 2 years later for £70k profit when we split, it was never the plan but that’s just how it worked out. I think there will be the opportunity to do that again with what I see the market doing but I’m looking for something a bit more sustainable like maybe the rental market.
Does anyone own property they rent out? Just looking for some general advice, pros and cons etc. I’m not expecting to earn what I do now but if I can pay the bills without getting out of bed that will give me more time to spend with my son.
I currently don’t own any property per se, I have a house owned in trust for me that my dad can live in until he dies. There seems to be some confusion over whether this constitutes owning a property to get a buy to let mortgage? I’ve heard different opinions from every mortgage advisor I’ve spoken to
Me and my current partner could quite easily live in her flat and start our family there with me being a stay at home dad and my income coming from property. I have £265k in savings and £30k in shares in terms of a budget although I am in Sussex so it won’t go as far.
Would appreciate any advice, pros, cons, pitfalls or anything I need to be aware of as neither of us have a clue.
Thanks in advance.