I’ve been a buy-to-let landlord since 2002 [says Ian*]. I have eight properties: two in London, three in Basildon in Essex, one in Dunstable in Bedfordshire and two in Manchester. Two of them are two-bedroom flats and the rest are three or four-bedroom houses. I bought my first flat in Manchester in 2002, just as I was finishing university. Gradually I bought the rest. But now I’m planning to sell four of the properties — it’s sort of being forced down my throat. There have been ten years of good times with ultra-low rates, but a couple of the mortgages have moved on to variable rates and the properties are losing money.
On one of my properties the rate has gone up from 1.69 to
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