x

Sanjay Joshi

1580 Profile Views

About Me

my expertise in the industry

Sanjay's Recent Activity

First time buyers can always buy in the market! It is just that by making it difficult for the BTL sector to break even the chancellor is going to make difficult life of larger number of families and singles who enjoy a good quality accommodation at affordable rent without committing to it for rest of their life!

From: Sanjay Joshi 26 January 2016 11:05 AM

I find BTL investment bit of a problem really. It is not an investment you can just invest and forget! There is a lot of hard work and continuing costs. I have 5 such properties and all I have done is loose money on them. I am providign subsidised accommodation to the tenants at my own cost!! Too many regulations and I have to look after these houses much more than my own one!! I can live with my family in less safe house - government doesn't care about it but I must provide a top quality accommodation to the tenants, all this with more tax and stamp duty (which will make selling any of my properties a problem in future). Only with 5 properties I find it a really time filling business with no returns to myself! Its a worst possible investment in present climate. Don't be fooled by those saying it is still a good investment as they are saying so to keep their business safe!

From: Sanjay Joshi 26 January 2016 10:26 AM

Difficult story and hope we don't have to deal with such matters in our BTL properties. What ever stand the landlord takes in this matter, he stands to loose either way- unfortunately!!

From: Sanjay Joshi 11 December 2015 09:33 AM

The above description was just to show that many if not most of the pvt landlords are in similar situation as myself and taxing further, reducing tax benefits to BTL investors is only going to make it even harder to invest or hold investment in this sector. The chancellor I am sure did not think of all this when he decided to tax the BTL sector. I think it is a very ill judged decision on his part!!

From: Sanjay Joshi 11 December 2015 09:27 AM

I am a land lord (!!) - with 5 property portfolio that I built over last 8 years. The mortgage deposit and buying expenses came straight from my own hard earned money from my job and since I bought the properties, I have been spending far more money and time managing these than I am getting in return. I am raking up lot of debt on these properties and to match up the books, I have to work harder in evenings and weekends for last many years! This has taken away my family life and peace and am on brink!! I can't even sell up as the property prices in the area haven't gone up although orignally idea was that I will sell up half of the properties when I retire and pay the mortgages for the rest from the proceeds and earn rent as my pension!! I don't advocate this strategy to any one any more!!

From: Sanjay Joshi 11 December 2015 09:23 AM

Breaking News