Buy To Let

[Camicus]

The instant the goverment's HB changes come in to play buy to lets dead in the water

 

[User removed 4]

Rental demand is high, partly because people cant afford to buy and are driven into it.

House prices are too high, so people who cant sell become reluctant landlords. In addition speculative 'amateur' punters are fooled by low interest rates into thinking its a good way to make money. Hence the first time buyer houses at the cheaper end of the market are bought up.

Do you not see the viscious circle that's building up.

I can afford to buy a couple of flats outright, however I am looking to leverage this and buy more with a mortgage to take advantage of the hints coming from the new bank of england governor that he is willling to let inflation rise without hiking rates to dampen this down , thus getting the economy going, a nice bit of hyper inflation , and hey presto, i own 4 properties instead of two, with a much smaller debt .

 

[Lokki 7]

I can afford to buy a couple of flats outright, however I am looking to leverage this and buy more with a mortgage to take advantage of the hints coming from the new bank of england governor that he is willling to let inflation rise without hiking rates to dampen this down , thus getting the economy going, a nice bit of hyper inflation , and hey presto, i own 4 properties instead of two, with a much smaller debt .

That's the sort of "Me Me Me" attitude that got this country into such a mess.

 

[Publius Ovidius]

I can afford to buy a couple of flats outright, however I am looking to leverage this and buy more with a mortgage to take advantage of the hints coming from the new bank of england governor that he is willling to let inflation rise without hiking rates to dampen this down , thus getting the economy going, a nice bit of hyper inflation , and hey presto, i own 4 properties instead of two, with a much smaller debt .

Leverage.

One of the wor our company is very keen on


Leveraging the continuum. Ie shaping the future....THEN WHY NOT SAY SHAPING THE FUTURE?

I hate americanspeak.

 

[Uncle Spielberg]

That's the sort of "Me Me Me" attitude that got this country into such a mess.

The banks and lenders have made it impossible for a first time buyer to get on the property market for over 5 years now. Unless they have wealthy parents they either have to live at home, rent or live in a tent. This is the problem, not buy to let investors who have seen an opportunity to buy and rent to people who are unable to get a mortgage or prefer to rent for flexibility. First time buyers have had access to 95% mortgages for generations, the latest generation has not and very few have a 20% deposit. Bushy has seen the opportunity, but the lenders continued refusal to lend to first time buyers who would prefer to buy, than rent has created this situation.

 

[Publius Ovidius]

The banks and lenders have made it impossible for a first time buyer to get on the property market for over 5 years now. Unless they have wealthy parents they either have to live at home, rent or live in a tent. This is the problem, not buy to let investors who have seen an opportunity to buy and rent to people who are unable to get a mortgage or prefer to rent for flexibility. First time buyers have had access to 95% mortgages for generations, the latest generation has not and very few have a 20% deposit. Bushy has seen the opportunity, but the lenders continued refusal to lend to first time buyers who would prefer to buy, than rent has created this situation.

...and then when you do help out you can be accused of money laundering. FFs

 

[User removed 4]

That's the sort of "Me Me Me" attitude that got this country into such a mess.

Indeed it is, if it comes off I promise to go on at least two stop the city/G8 marches and spend a minimum of a week chained to a tree protesting against a by pass or motorway , or something that benefits people .

 

[User removed 4]

Leverage.

One of the wor our company is very keen on


Leveraging the continuum. Ie shaping the future....THEN WHY NOT SAY SHAPING THE FUTURE?

I hate americanspeak.

I know so do I , cant understand it , as soon as i see that sort of thing i'm like , dude ?? wtf ? go figure !

 

[Publius Ovidius]

I know so do I , cant understand it , as soon as i see that sort of thing i'm like , dude ?? wtf ? go figure !

Lol. Take care hunny xxxx

He he

 

[Butch Willykins]

The banks and lenders have made it impossible for a first time buyer to get on the property market for over 5 years now. Unless they have wealthy parents they either have to live at home, rent or live in a tent. This is the problem, not buy to let investors who have seen an opportunity to buy and rent to people who are unable to get a mortgage or prefer to rent for flexibility. First time buyers have had access to 95% mortgages for generations, the latest generation has not and very few have a 20% deposit. Bushy has seen the opportunity, but the lenders continued refusal to lend to first time buyers who would prefer to buy, than rent has created this situation.

The Goverment propping up house prices isn't helping. I bought my first flat in 1999 aged 20. It was £55k and I got together a 10% deposit pretty quickly. The same flat was recently on the market for £140K. How many 20yr olds these days would be able to raise the 20% deposit now required by the banks to buy a little one bed flat like that. It's a sick joke!

 

[Uncle C]

The Goverment propping up house prices isn't helping.

Thats exactly whats happened and the very reason the predicted crash didn't occur. The government are clinging to one of their only succcess stories and will do anything to keep house prices up.

 

[User removed 4]

Thats exactly whats happened and the very reason the predicted crash didn't happen. The government are clinging to one of their only succcess stories and will do anything to keep house prices up.

I may be wrong but haven't they suffered some pretty big losses across the whole country bar the south east ? I'm pretty sure it's just the ridiculous london mkt ant the effect it has across the south east thats keeping the mkt supported here ?

 

[beorhthelm]

The banks and lenders have made it impossible ...

and thats largely because the governments and regulators have made it impossible for the banks and lenders to release money.

The Goverment propping up house prices isn't helping.

interested in how you think the government is propping up house prices? i dont for moment question the example, but wheres the government come into that?

 

[Uncle C]

I can afford to buy a couple of flats outright, however I am looking to leverage this and buy more with a mortgage to take advantage of the hints coming from the new bank of england governor that he is willling to let inflation rise without hiking rates to dampen this down , thus getting the economy going, a nice bit of hyper inflation , and hey presto, i own 4 properties instead of two, with a much smaller debt .

I think you are working on a business model that was excellent in the 1970's. Most people are in denial and still expect their house price to rise 10% a year. Read the predictions by even those with a vested interest. The market will AT BEST be flat for many years. If it goes down then please come back on here again to boast about your investment prowess.

 

[User removed 4]

I think you are working on a business model that was excellent in the 1970's. Most people are in denial and still expect their house price to rise 10% a year. Read the predictions by even those with a vested interest. The market will AT BEST be flat for many years. If it goes down then please come back on here again to boast about your investment prowess.

I'm not looking for house prices to rise , I agree with your forecast about a flat market, it's inflation that I expect to rise substantially, rendering my mortgage debt relatively inconsequential, when it does please come back on here and admit to your, provincial, small town, wannabe cityboy stupidity in trying to take on someone who has worked in the city as a broker and trader for the last 20 years .

 

[Butch Willykins]

interested in how you think the government is propping up house prices? i dont for moment question the example, but wheres the government come into that?

Artificially low interest rates (ok set by BofE) are without doubt preventing a housing crash whilst absolutely punishing savers – Hence the latest rush of money into Buy to Let.

Housing Benefit (supplied by Government) is also propping up the Private Rental Sector. Which in turn supports Buy to Let. If Buy to Let drops out the market, then the market falls.

I am by absolute no means a financial expert (I spent my late teens and early 20’s in the city as a Futures & Options Broker, but that’s much more like working in a betting shop than a bank!) It’s just my personal view.

 

[Lokki 7]

and thats largely because the governments and regulators have made it impossible for the banks and lenders to release money.



interested in how you think the government is propping up house prices? i dont for moment question the example, but wheres the government come into that?

Thankfully we have beorthelm, the voice of reason on these threads.

 

[Uncle C]

stupidity in trying to take on someone who has worked in the city as a broker and trader for the last 20 years .

Well that's your street cred shot to pieces. I will remember in future its not worth wasting my time discussing things with a lowlife city broker.

BTW if your so clever why did you ask the dumb question that started this thread. I know 11 year olds that would know the answer.

 

[5mins-from-amex]

I live near the university and have 3 of the houses nearest to me let out to students, im not complaining though they are all women and very friendly...

 

[Lokki 7]

I think you are working on a business model that was excellent in the 1970's. Most people are in denial and still expect their house price to rise 10% a year. Read the predictions by even those with a vested interest. The market will AT BEST be flat for many years. If it goes down then please come back on here again to boast about your investment prowess.

You sound embittered because you have missed the boat, if so then you have nobody to blame but yourself. I worked hard to get on the property ladder in 2000 and luckily didn't listen to doom sayers like yourself. I bought my first buy to let in 2001 and have bought and sold several properties since both here and abroad. If you work hard and invest sensibly there is no reason why you cannot build a solid return over time. If people chase the illusion of risk free short term gains, or over stretch themselves then they deserve to lose money.