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New job
#11
I do the same with my pension with my new 'ish' job.

If you are borrowing the money (mortgage) to buy a second property I think the tax relief was altered making it much harder to make a visible profit on the second home when renting. Plus a fair bit of new regs with regards to maintaining the property. The big hooha was because a lot of property investors use their property portfolios to generate either equity or rent to pay for further properties. Changing the tax relief made this much harder and so put a lot of people off who owned properties on paper (Ie Not outright).

https://www.gov.uk/browse/housing-local-.../landlords

Second properties are def a good investment in my opinion, but initially I'd concentrate on enjoying your life whilst overpaying on your mortgage to bring the term down. Don't overstretch as you need a quality of life. You (Will now ;Wink work hard and need to reward yourselves as well as planning for the future.
[Image: Crashtestmonkeyredsmall_zpsfc1e3d39.jpg] Croft 2005, Cadwell 2006, Cadwell 2007
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Messages In This Thread
New job - FraserG - 04-30-2018, 12:12 PM
RE: New job - Kingy - 04-30-2018, 07:48 PM
RE: New job - speedymadR6 - 04-30-2018, 09:55 PM
RE: New job - Ghost2 - 04-30-2018, 10:25 PM
RE: New job - FraserG - 05-01-2018, 09:14 AM
RE: New job - Kingy - 05-02-2018, 06:13 PM
RE: New job - jollyjoiner - 05-02-2018, 08:39 AM
RE: New job - FraserG - 05-02-2018, 09:10 AM
RE: New job - Kingy - 05-02-2018, 06:01 PM
RE: New job - FraserG - 05-03-2018, 09:09 AM
RE: New job - Kingy - 05-03-2018, 04:09 PM

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