| Comment | The problem is I'm looking at your rental income in isolation in terms of money-in money-out. I understand the argument you're going for and you could even argue that since you're probably using your maximum credit, you deny yourself the ability to buy-to-own until you liquidate it.
I'm imagining it like a black box that, from what you say, you put £30 and some amount of time and effort into each month knowing that 25 years or so from now will spit out £88,000 + inflation - capital gains. Even if you sell early and use the equity to purchase a house, I'd be hard pressed not to think that it's a very good investment or savings for purchasing a home.
I don't want to get to into the details of it since you've given me a macro view of the property itself. We could discuss that you can claim replacement of items and repairs in the property as expenses which you claim you put £50 per month away for. That actually seems pretty low considering. But I don't think it'd be constructive to delve too deep like that. |
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