No brainer - still the best ever time to BTL. With rental returns between 5 and 10% what better way to BTL by borrowing @ <2%??? Much harder to borrow these days especially interest only but it is dooable.
I don't know your circumstances, but I think you mentioned that you own your rentals 100% and your wife doesn't. If you transfer 1% ownership to your wife, then you can split profit 50/50 for tax purposes. So if your wife is not earning over whichever tax threshold you pay, you can adjust this to make best use of both your tax allowances.
Thanks Wenty, yes, I only pay cash, no one to answer to, and for what benefits there are for a mortgage, are lost by the fees charged. I prefer to buy in UK, and locally, at least you are in control, and can be monitored. I tend to buy fairly new properties, so minimum maintenance.
LittleA - providing you can buy cash and dont need a BTL mortgage that would work. I was looking at buying abroad but then the pound got hammered, so knocked that on the head. If you find an answer let me know!
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