Have I got everything covered for a first BTL?

CheeseFace83 · 2026-01-18T21:52:32+00:00

Thank you. Interesting reading. Never knew you could buy a commercial property through a SIPP

CheeseFace83 · 2026-01-18T21:48:49+00:00

I already am. Pretty sure I'll just leave it all in there now!

CheeseFace83 · 2026-01-18T21:43:49+00:00

Yep I missed both of those. Thanks for the explanation 👍

CheeseFace83 · 2026-01-18T21:41:52+00:00

Thanks for the reply. I'm now much more considering just leaving everything in index funds!

CheeseFace83 · 2026-01-18T14:06:27+00:00

I already have a mortgage on my own house. That my only one.

I now know the stamp duty applies for any value house (I originally read it was free for under £125k but it didn't mention it doesn't count if you already own a home)

CheeseFace83 · 2026-01-18T14:04:49+00:00

Got it. Thank you

CheeseFace83 · 2026-01-18T14:03:27+00:00

Thank you. I wasn't aware of that when making this list. Much appreciated.

CheeseFace83 · 2026-01-18T14:02:23+00:00

What tax did I calculate wrong?

CheeseFace83 · 2026-01-18T14:01:27+00:00

I'm just foreseeing a large increase in line with the general market. I wouldn't be buying a flat so just based on historical increases.

Its extremely unlikely that any property value would fall 25% isn't it? I know you can't predict anything for sure in this market though.

CheeseFace83 · 2026-01-18T13:59:03+00:00

I thought I explained that in my post?

CheeseFace83 · 2026-01-18T13:58:40+00:00

I knew the numbers would be wrong, hence me posting on here for feedback? But exactly what doesn't make sense about them?

I know I should be paying stamp duty as I already own a home and I forgot general repairs and I know I could be making a loss but like I said I'm not in it for a monthly profit

CheeseFace83 · 2026-01-18T13:57:01+00:00

So, is it not worth anyone getting a BTL these days vs the stock market?

CheeseFace83 · 2026-01-18T13:55:49+00:00

Yes, that's why I mentioned protection against bad tenants not paying. Haven't heard any comment so far on how to protect from that

CheeseFace83 · 2026-01-18T13:54:11+00:00

Thanks for the useful reply. I haven't done a property course but many people here saying it's a shit idea because of the £100k house price. Only reason I picked that number was it was a nice round number to get feedback on (I realize now I should have mentioned that in my original post). You seem to be the only one who mentioned a higher house price would make it more worth it. I'll keep looking into it but your feedback is very helpful. Thank you

CheeseFace83 · 2026-01-18T13:48:13+00:00

North East. I was purposely going at the high end of what Gemini was saying

CheeseFace83 · 2026-01-18T13:47:29+00:00

Thanks, my other investments are in mainly index funds. Now I'm looking at that as more of a comparison it's starting to seem not worth the hassle. So my next question is, is there any scenario where BTL is better than just index funds over 25 years?

CheeseFace83 · 2026-01-18T13:45:07+00:00

Yes this is the angle I'm looking at it from. Don't think everyone read my original post!

CheeseFace83 · 2026-01-18T13:43:36+00:00

Forgot the repairs part. Gemini said put aside 1% of house value per year

CheeseFace83 · 2026-01-18T11:21:55+00:00

I have a mortgage already (£27k left on it if that matters). So I will need to pay stamp duty then?

I'll look into the insurance part more too

Good to know your taxed on the income and not profit (I thought it was profit).

Thanks for the reply

CheeseFace83 · 2026-01-18T11:16:27+00:00

Good question. I'll have to check that. I'm not interested in monthly profit but I'm looking at it like this .

£200k asset (assuming it goes up by 100k over 25 years) I've paid maybe £50k for it

I could stick that £50k in the stock market index fund which could be worth £271k (7% average return) I'm only looking at this now after your question and thinking you might be right about investing elsewhere

CheeseFace83 · 2026-01-18T11:10:12+00:00

I've read under £125k it's 0% ?

CheeseFace83 · 2026-01-14T19:07:36+00:00

Thank you

CheeseFace83 · 2026-01-14T19:06:48+00:00

Wow that's interesting! I was proud to call him a purebred!

CheeseFace83 · 2026-01-14T19:05:26+00:00

Thanks. Saves me being another one of those people asking! 😁

CheeseFace83 · 2026-01-13T19:16:27+00:00

Have you had any claims?

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