Hook

Their other posts in the index, biggest breakout first.
Buying a house and renting it out is not that profitable. Let's look at the math. The average house in the UK is about £275,000. So if you buy a house as an investment, you're gonna put down 25%, which is about £69,000, I think. Plus your stamp duty, that's gonna be £20,000 plus legals. To buy a normal house, a buy to let, you're gonna cost you £100,000. But let's say you did have the £100,000 and you own the house for £275,000. The mortgage now is now approximately £200,000 with even interest rates, you're gonna be paying about £850 pounds a month interest on the mortgage. The average rent is about £1200 pounds. So you've only got a few hundred pounds with we managing management, any repairs. So actually