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Martin Rodd

Director

203 Profile Views

About Me

I am a chartered surveyor of some 35 years and own 2 buy to let properties

my expertise in the industry

Commercial property consulting

Martin's Recent Activity

Yes they just don’t get it. The agenda is force landlords to sell to help first time buyers. Not to protect a much needed rented sector that after right to buy has been done by private landlords. Factor in interest rate increases and the model is broken. Only takes one bad tenant as well to cost you money as opposed to a marginal profit. The opportunity cost of capital is greater elsewhere. Typically yield on BTL c 5% but capital growth albeit subject to CGT. If you also pay rent insurance which has gone through the roof and someone to manage the return for a 75% LTV BTL mortgage will be at best modest after income tax esp for higher rate taxpayers and maybe a loss now that rates have more than doubled in the space of what 2 years

From: Martin Rodd 07 March 2024 07:03 AM

They are morons. They don’t seem to realise the Gvt misguidedly is forcing landlords to sell the biggest issue being mortgage interest offset changes and higher interest rates. The agenda is this will give more people the opportunity to buy. Maybe but I’m sceptical as many renters have no deposit etc. This is the real reason supply is reducing and rents rising and not enough rented housing is available as no local authority builds so Gvt was relying on private landlords for a rented supply. Quite ridiculous and a broken model with stamp duty costs on entry. I am selling mine when my current mortgage deal ends. Michael Gove clearly doesn’t get it. Either protect the rental sector properly or watch the supply diminish and rents rise further. So disappointing that this Gvt don’t get it and not sure any opposition is bright enough to see save maybe Reform

From: Martin Rodd 07 March 2024 06:54 AM

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