Newbie
Posts: 1
I like property
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« on: January 28, 2019, 10:17:05 PM » |
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Way back in the 1970's I owned a rental house. It had a sitting tenant and the rent was very low. Something like 7 pounds per week. I was not allowed to raise the rent as long as the tenant lived in the home, and the children had the right to take over the tenancy if the parents died, with no rent increase. It became clear I could not make a profit owning rental property with these rules, so I moved to the states and have been very successful with rental property. I am just retiring and have just sold all my properties for a very comfortable retirement income.
From trips back to then uk, it appears those rental rules no longer exist and it is now profitable to be a landlord.
Can someone explain how and when this change happened.
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