Do you own or rent your home?

  oresome 10:14 17 Jul 2019

A Government inquiry is concerned that the fall in home ownership is storing up problems for tenants in old age when rent will become a disproportionate amount of their retirement income.

I don't think it takes an inquiry to reach this conclusion, but owning your home is not a cost free option.

All repairs and upkeep have to be financed and many jobs you may have done yourself when younger have now to be done by tradesmen and renting may be an easier option in later life.

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click here

  Old Deuteronomy 13:23 19 Jul 2019

Speaking as a landlord, only 2 houses, I sometimes feel guilty at what I am charging, but I am told that i would be a fool to myself if I undercut what other landlords are charging for similar properties. So what do I do - if in doubt - do nothing!

I suspect their real concern, is one of not wanting undercutters to force down rents in the area, so they lose their fat profit margin, rather than concern for you.

  Cymro. 10:53 20 Jul 2019

HondaMan I sometimes feel guilty at what I am charging,

That's easily sorted just give the extra money to some charity

  wee eddie 11:43 20 Jul 2019

Letting out property.

When discussing this with my Pensions Adviser, he said that, over time and including the occasional bad Tennant, a net Income of about 4% was all one should expect and that the bulk of your gains should be expected to be made from increases in the value of the Property.

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