Are buy-to-let mortgages worthwhile in the UK?
For decades, low buy-to-let mortgage interest rates, rising property prices, and high rents have provided the ideal atmosphere for huge returns as a landlord. The location makes a dramatic difference to your return. A lot of analysts believe that buy-to-let landlords will still make a decent return as long as they are careful about where they're spending. On average, house prices in the United Kingdom begin to climb, which means that there are opportunities for capital gains. Rents across the UK are still also rising. Before taking the leap, though, it is very important to be prepared for the financial burden of becoming a landlord, which has risen over the years due to tax reforms. It is important to discuss with your mortgage advisor and accountant more in detail.