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If you are rich and try to avoid tax or try to pay very little as many do then you could say it's morally wrong.That includes the likes of Starbucks,Google etc.If you are far from rich then avoiding tax is understandable.Who wouldn't try it legally.

did

Boring

Don't be so hard on yourself even if you are a .........

?? But I've written more than 4 post's ???

Well done guys.We've got this up to 40 pages.50 is the next target to break the all time record on the longest BTL thread on a football forum. (anyone who's offended by this thread should bog off) What do you guys think the interest rate will be in 3 years then 5 years( should easily get me 10...

Who?

It's a straight forward question. I've used a couple of online calculators and its around 185/180K.Not sure how accurate that is. If you have the rental amount you should be able to work it back and work out what you can borrow.

Yes I was living in the UK.

Don't forget if your sister takes out a BTL and can borrow more than on a residential,she has to allow for interest rate rises as they won't always be this low.This is something I need to take into account also.

So.If someone earned the required salary and had the required 25% deposit for a property which was to be let for £1000, what is the max they could borrow? Would it be whatever £750 per month would cover as that would allow for the 125%?

Posted by Uncle Spielberg: 'You need a 20% deposit minimum ideally 25% The loan is based on the rental income of the property unless you try Barclays, Clydesdale or Furness who do it on overall income and expenditure It is based on 125% or 145% x 5.5 % rental yield usually depending on your tax...

This is difficult. Yes the country/city/emirate I had property in was Dubai which is tax free. However the country I brought the rental money and proceeds from property sales into was the UK which is not tax free so therefore yes I paid all tax due.

zzzzzzzzzzzzzz. All tax paid. Yes Dubai is of course not a country however as far as I know they operate separately from the other Emirates. They have just or are just introducing VAT for the first time. The cheek of it.

WTF. I paid all tax on rental and CGT. Sorry.

Brilliant. Did it work out well for you? If you want to make money you have to take a chance I guess.

You will be waiting a long time. Sorry.

Understood it is based on rental income and not salary however wanted to double check because it seemed too good to be true. Didn't understand how the tax rate came into it. When things are fully explained I can understand it. Thanks to everyone for their very helpful post's I hope/assume...

Stress tests regards needing £1250 rent if the interest is £1000? how does the tax paying rate come into it?

You could always simply not come on here.