An article in the Daily Telegraph suggests people with mortgage problems should rent out a spare room or even the entire house, rather than selling up.
Experts fear that the latest round of interest rate increases could cause thousands ot offload their homes. But RateCity CEO Damian Smith urged owners to consider alternatives to repossession or selling cheaply. He suggests that moving in with friends and renting together, while you rent out your property, could be a better solution than selling in a depressed market.
Given that there is felt to be little prospect of significant capital gains in the short term, it makes sense to take advantage of the tax breaks enjoyed by investors.
Subscribe to:
Post Comments (Atom)
No comments:
Post a Comment