Btl - R.i.p Btl - R.i.p
Page 1 of 9 123 ... LastLast
Posts 1 to 10 of 81

Thread: Btl - R.i.p

  1. #1

    Contractor Among Contractors

    Turion has no reputation


    Join Date
    Jan 2007
    Posts
    1,076

    Default Btl - R.i.p

    The era of the amateur landlord has all but ended, with banks effectively refusing to lend to new entrants to the buy-to-let market.

    Thousands of existing landlords also face huge increases in the cost of remortgaging, experts said yesterday.

    http://business.timesonline.co.uk/to...cle3818913.ece

  2. #2

    Godlike

    Sockpuppet is too good to be a permie

    Sockpuppet's Avatar
    Join Date
    Oct 2006
    Posts
    7,411

    Default

    Doomed !!!

  3. #3

    Godlike

    bogeyman is good enough for Jehovah!

    bogeyman's Avatar
    Join Date
    Jan 2006
    Location
    Under your bed
    Posts
    5,214

    Default

    Back on your old hobby horse again I see, Turion

    You've come right out the other side of the forest of irony and ended up in the desert of wrong.

  4. #4

    More fingers than teeth

    BlasterBates - scorchio!

    BlasterBates's Avatar
    Join Date
    Jul 2005
    Location
    1922 Commitee
    Posts
    14,835

    Default

    Great doom posting Turion. The BTL market looks very bad indeed.
    I'm alright Jack

  5. #5

    Contractor Among Contractors

    chris79 has no reputation

    chris79's Avatar
    Join Date
    Apr 2007
    Posts
    1,196

    Default

    Gotta take the rough with the smooth.
    The cycle of life: born > learn > work > learn > dead.

  6. #6

    I Am Legend

    BrilloPad has reached the peak. Play again?


    Join Date
    Aug 2006
    Posts
    108,496

    Default

    mortgage to let is almost finished - non-mortgage btl different.
    Fight HMRC now! Help sue HMRC individual officers/government ministers for malfeasance in office. Visit https://www.loanchargejustice.com/ and scroll to the bottom of the page to donate.

  7. #7

    Contractor Among Contractors

    Turion has no reputation


    Join Date
    Jan 2007
    Posts
    1,076

    Default

    Quote Originally Posted by BrilloPad View Post
    mortgage to let is almost finished - non-mortgage btl different.
    Non mortgage BTL has always existed, but had been very small. The availability of 90% leverage via loans made it affordable to the masses. Effectively they did not have to raise any money as most could use release equity in their own homes. Those that could not do this could rely on so called developer discounts and friendly mortgage brokers to 'sort' the downpayment on new builds. With low interest rates, easy mortgages, rising values and good rents, who could lose? - Now all property investors will feel pain as values drop and those who built their empires on borrowed money will be wiped out.

  8. #8

    I Am Legend

    BrilloPad has reached the peak. Play again?


    Join Date
    Aug 2006
    Posts
    108,496

    Default

    Quote Originally Posted by Turion View Post
    Non mortgage BTL has always existed, but had been very small. The availability of 90% leverage via loans made it affordable to the masses. Effectively they did not have to raise any money as most could use release equity in their own homes. Those that could not do this could rely on so called developer discounts and friendly mortgage brokers to 'sort' the downpayment on new builds. With low interest rates, easy mortgages, rising values and good rents, who could lose? - Now all property investors will feel pain as values drop and those who built their empires on borrowed money will be wiped out.
    and the btl sector is still relatively small. prices have risen alot last few years - all you say applies to those recent market entrants - I still think those who have been in for a while might be okay.
    Fight HMRC now! Help sue HMRC individual officers/government ministers for malfeasance in office. Visit https://www.loanchargejustice.com/ and scroll to the bottom of the page to donate.

  9. #9

    Banned

    max has no reputation

    max's Avatar
    Join Date
    Mar 2007
    Posts
    351

    Default

    Quote Originally Posted by BrilloPad View Post
    aI still think those who have been in for a while might be okay.
    Agreed....those that have build up equity will be fine, they won't make a good return on investment, but they won't be hit by cash calls on mortgage renewal.

  10. #10

    Banned

    KentPhilip is a permanent contractor


    Join Date
    Jan 2006
    Location
    Stoned again?
    Posts
    3,212

    Default

    Its allright for me. I never much liked bacon, lettuce, and tomato in my sandwiches in any case.

Posting Permissions

  • You may not post new threads
  • You may not post replies
  • You may not post attachments
  • You may not edit your posts
  •