Is Higher Inflation Good or Bad News for Landlords?
Inflation is a hot topic in today’s economy, and as a landlord, you might wonder whether it works in your favour or against you. In the latest episode of the Charles Kelly Money Tips
Podcast, we explore how rising inflation impacts landlords and what you can do to stay ahead.
The Good News: For landlords with fixed-rate mortgages,
inflation can actually be beneficial. As inflation rises, the real value of
your debt decreases. This means that over time, you’re effectively paying back
your mortgage with “cheaper” money. Additionally, in an inflationary
environment, property values and rental income often rise, helping you build
equity faster and increase your cash flow.
Watch video - https://youtu.be/X6GlMT3bZS4
The Challenges: On the flip side, higher inflation can also mean
rising costs. Maintenance, repairs, and property management fees are likely to
increase, eating into your profits. For landlords with variable-rate mortgages,
rising interest rates (often used to combat inflation) can significantly
increase monthly payments, impacting your bottom line.
What Should Landlords Do?
Inflation can be both a
friend and a foe for landlords. The key is to plan wisely and adapt to economic
changes. For more property insights, tune in to the Charles Kelly Money Tips
Podcast on YouTube!
How will Labour’s new Renters Rights Bill 2024 affect
buy-to-let landlords?
The Labour Party’s Renters' Rights Bill 2024 is poised to
bring significant changes to the UK’s rental market, impacting both tenants and
buy-to-let landlords. Understanding these changes is crucial for landlords to
navigate the evolving landscape effectively.
Watch video version - https://youtu.be/Wx1HXgVW1bM
Section 24
Landlord Tax Hike
Interview with Chartered Accountant and property tax
specialist who reveals options and solutions to move your properties from your
own name into a limited company or LLP whilst mitigating the potential HMRC
pitfalls.
Email charles@charleskelly.net
for a free consultation on how to deal with Section 24. Watch video now: https://youtu.be/aMuGs_ek17s
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