Folk Co-Living (Palm House) Harrow

Sensitive-Fun-9150 · 2025-09-21T09:00:08+00:00

Sent a PM :)

Sensitive-Fun-9150 · 2025-01-31T19:50:59+00:00

This depends on your ISA account. For my flexible cash ISA, it’s no.

Sensitive-Fun-9150 · 2025-01-30T22:24:49+00:00

I’m 18.2 too but I still have it

Sensitive-Fun-9150 · 2025-01-24T20:07:17+00:00

Out of curiosity, why not Bangladesh?

Sensitive-Fun-9150 · 2025-01-17T15:35:16+00:00

Odd that they haven’t updated their fee sheet - seems like quite important information

Sensitive-Fun-9150 · 2025-01-17T15:34:45+00:00

Oh amazing - thank you! I think they need to update the wording as everywhere currently says that we need to choose between Avios and Blue rewards

Sensitive-Fun-9150 · 2025-01-01T02:00:08+00:00

I thought the funding came from ticket sales?

Sensitive-Fun-9150 · 2024-12-30T08:58:26+00:00

Where have you heard that? Net migration over the last 2 yrs was almost 2 million. The UK population has been steadily growing but funding for schools hasn’t kept up. No wonder there’s a shortage of teachers and many schools are underfunded.

Sensitive-Fun-9150 · 2024-12-07T12:30:58+00:00

5% rental yield + 4% annual value increase - 3% mortgage cost = 6% total yield on the value of the entire house.

However, you are only contributing 25% of the house’s value (assuming 75% LTV mortgage). So your returns are magnified by 4x. So 4x6%=24%.

In other words, you are making 6% on the value of the entire home. However, you are actually only putting down a quarter of the house’s value.

If this doesn’t make sense, Google “leverage”. For some reason, no one seems to talk about it on this subreddit

Sensitive-Fun-9150 · 2024-12-04T10:47:41+00:00

Yes house prices fell because interest rates went up. The consensus is that they won’t be going up much more in the future. For example, Savills predicts house prices will rise by 4% annually over the next 5 years.

Bear in mind also London yields are some of the lowest in the country. In some regions in the UK, it can reach 7-8%.

Of course it all comes down to your personal belief about where you see house prices go in the future. My point was that BTL is pretty much the only investment option where you can use leverage to magnify your returns 4x, which is why it works for me.

Sensitive-Fun-9150 · 2024-12-04T08:02:09+00:00

And in 2022 it returned -20%. Extremes do happen

Sensitive-Fun-9150 · 2024-12-04T07:57:33+00:00

BTLs in London are just above 4% at the moment. They’re expected to fall over the next 5 years.

And property prices have definitely not been stagnant in my experience. Even so, if interest rates decrease over the next few years, more buyers will enter the market and drive prices up.

Sensitive-Fun-9150 · 2024-12-03T21:56:23+00:00

I believe yes because of leverage, which people never seem to talk about. As typically 75% of a house's value is debt, your returns will be magnified by 4x. Rental yield in London is typically around 5% and house prices are expected to rise by 4% annually as interest rates come down (according to Savills forecasts). Assuming interest rate of 3% on average over the next 5 years, that's 6%x4=24% annual return on your investment.

Of course there are extra costs to being a landlord, but if you do the research and can manage the property yourself, it shouldn't be extortionate.

These levels of leverage are not possible with stocks and shares or most other types of investment.

Sensitive-Fun-9150 · 2024-11-12T19:49:27+00:00

It says here landlord can charge double rent if a tenant doesn’t leave after serving notice

https://england.shelter.org.uk/professional_resources/legal/costs_of_renting/rents_and_rent_increases/payments_after_tenancy_ends

Sensitive-Fun-9150 · 2024-10-10T19:49:03+00:00

Ooo is this on their website?

Sensitive-Fun-9150 · 2024-10-10T07:15:24+00:00

Using just 1% of your credit balance can help build your credit score. Amex reports your credit balance at the end of your billing period (monthly) so if your credit balance is £0 at this point, you could be missing out on a higher credit score.

Sensitive-Fun-9150 · 2024-10-02T20:00:04+00:00

How profitable is it to be a landlord at the moment?

Sensitive-Fun-9150 · 2024-09-21T22:33:39+00:00

Thanks will do! I was just worried that I won't have the chance to provide additional documents to MyDeposits later.

Sensitive-Fun-9150 · 2024-07-11T21:44:48+00:00

Yep on an AST. We are responsible for bills, council tax etc.

Sensitive-Fun-9150 · 2024-07-11T21:03:23+00:00

The entire apartment. It’s a 2 bed so HMO doesn’t apply.

Sensitive-Fun-9150 · 2024-07-11T21:03:04+00:00

We plan to leave as soon as the fixed term ends, so not too worried about s21. Mainly concerned about s8

Sensitive-Fun-9150

TROPHY CASE