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Old 23.11.2020, 17:14
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Re: Raising of maximum allowable ROI on rental property from 0.5 to 2%

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Dread to think how much flat 2 would cost now.

My wife spent her teenage years in Bayswater - Lancaster Gate (the street)
My first time purchase aged 21 cost 40k, I paid above the asking price, sold it 18 months later for 95k. I had done sone DIY upgrades. Mouseprice values at 880,000 The second (a duplex) is valued by mouse price 1,610,000. Had I not come to Switzerland the mortgage would have been paid off in 2010! My entire stock portfolio would also be in ISA's as well so zero tax liability!

Edit
To put price changes into perspective I don't think I ever paid less than 11.5% mortgage rate, the highest being 17%. Fixed rates were very unusual, until 25 years @ 9.9% was offered that appeared to be a bargain!
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