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Is BTL about to bust?

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    Is BTL about to bust?

    Cheapest BTL mortgage now is 5.5%, leading to a SVR of 7.5%. Looks like the sh1te is about to hit the fan.

    Similarly those with a normal mortage who overstrestched themselves a couple of years ago, are looking at up to 40% increase in mortgage costs
    The court heard Darren Upton had written a letter to Judge Sally Cahill QC saying he wasn’t “a typical inmate of prison”.

    But the judge said: “That simply demonstrates your arrogance continues. You are typical. Inmates of prison are people who are dishonest. You are a thoroughly dishonestly man motivated by your own selfish greed.”

    #2
    sorry thought this was another lunch thread
    Your parents ruin the first half of your life and your kids ruin the second half

    Comment


      #3
      Originally posted by Bagpuss
      Cheapest BTL mortgage now is 5.5%, leading to a SVR of 7.5%. Looks like the sh1te is about to hit the fan.

      Similarly those with a normal mortage who overstrestched themselves a couple of years ago, are looking at up to 40% increase in mortgage costs
      Was listening to the Radio 4 money programme yesterday (how old am i).

      They had a investor on there saying that in the next 3 years high rate interest accounts are the way forward. Property is good if you want to keep it for 30 years but must be willing to do that in order to get the returns.

      Also the average mortgage that was £1200 a month 2 years ago on the fixed rate deals is about to go to nearly £2000/month when the fixed rate deals run out in July/August.

      By which time the BOE will more than likley have put another .25 on the rates after this months hold.

      Not expecting a crash but a certain halt to the rising prices and less money flooding around the high street!

      Comment


        #4
        Originally posted by MrsGoof
        sorry thought this was another lunch thread
        Mmmmmmmmmmmmmmmmmm BLTs

        Comment


          #5
          Originally posted by TheRightStuff
          Mmmmmmmmmmmmmmmmmm BLTs
          Wrong thread

          http://forums.contractoruk.com/thread18630.html
          ‎"See, you think I give a tulip. Wrong. In fact, while you talk, I'm thinking; How can I give less of a tulip? That's why I look interested."

          Comment


            #6
            Originally posted by Moscow Mule
            Although I quite like the idea of infecting everythread with hunger pangs...
            ‎"See, you think I give a tulip. Wrong. In fact, while you talk, I'm thinking; How can I give less of a tulip? That's why I look interested."

            Comment


              #7
              Radio 4 money programme

              That came on last week! I dashed to the radio to turn it off immediately, but not until after I'd heard the man say "The UK stock market has more than doubled since its 2003 low, so is it now time to turn bullish and start buying?"

              Comment


                #8
                Originally posted by Moscow Mule
                Mmmmmmmmmmmmmmmmmmmmmmmmm thread

                Comment


                  #9
                  Originally posted by Bagpuss
                  Is BTL about to bust?
                  No. Next.

                  Comment


                    #10
                    Nice analysis
                    The court heard Darren Upton had written a letter to Judge Sally Cahill QC saying he wasn’t “a typical inmate of prison”.

                    But the judge said: “That simply demonstrates your arrogance continues. You are typical. Inmates of prison are people who are dishonest. You are a thoroughly dishonestly man motivated by your own selfish greed.”

                    Comment

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