Landlords could face a cashflow bonanza.
The reality of the current economic downturn is that the next twelve months could provide landlords with the most positive cashflow period of their landlord career to date.
I keep seeing my BTL mortgage interest repayments cut as my tracker mortgages are all linked to the Bank Rate.
With talk of a further 1% cut tomorrow I'm starting to feel warmed against the harsh winds of the economic storm.
Yes, my capital values have been slashed, yes my borrowing options have been demolished, but for now I have more money in my pocket each month.
What shall I go and waste it on to help boost the economy's retail spending?
Maybe a big 52" plasma TV? What about an expensive designer watch? Maybe some unjustifiably, costly after shave or a new car?
Forget it! I am a landlord!
Landlords, save and invest - we do not like to waste money on consumables. We leave that to tenants.
But saying that I might go and splash out on one of those DVD players, apparently they are very good, and having watched them come down in price over the past ten years from £1500 to £15.99 it might be time to invest in one.
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