Don’t worry to much about us BTL landlords. We can sell up without losing our homes.
I think few have expanded their portfolios since the chancellor slapped a 3% stamp duty surcharge on second homes and investment properties in 2016. Price rises 2016 to 2023 are likely to exceed any price drops.
A flat I bought in 2012 for £130,000 (£78,000 mortgage; £52,000 equity) is now valued at £300,000 (£78,000 mortgage; £222,000 equity), a quadrupling in equity.
In that time I’ve paid about £20,000 in mortgage interest, about £20,000 in maintenance, £5,000 in insurance and received about £145,000 in rent.