We’d like to remind Forumites to please avoid political debate on the Forum.
This is to keep it a safe and useful space for MoneySaving discussions. Threads that are – or become – political in nature may be removed in line with the Forum’s rules. Thank you for your understanding.
Debate House Prices
In order to help keep the Forum a useful, safe and friendly place for our users, discussions around non MoneySaving matters are no longer permitted. This includes wider debates about general house prices, the economy and politics. As a result, we have taken the decision to keep this board permanently closed, but it remains viewable for users who may find some useful information in it. Thank you for your understanding.
📨 Have you signed up to the Forum's new Email Digest yet? Get a selection of trending threads sent straight to your inbox daily, weekly or monthly!
The Forum now has a brand new text editor, adding a bunch of handy features to use when creating posts. Read more in our how-to guide
Is Buy to Let the British Sub Prime?
brit1234
Posts: 5,385 Forumite
Here is a Channel 4 News report talking about the extreme risk of the British Buy to Let sector comparing it to the American sub prime. Its a couple months old now and conditions have got worse with falling rents and prices combined with tighter lending
What does everyone else think about the future of Buy to Let and is there anyone still out there wanting to invest?
What does everyone else think about the future of Buy to Let and is there anyone still out there wanting to invest?
:exclamatiScams - Shared Equity, Shared Ownership, Newbuy, Firstbuy and Help to Buy.
Save our Savers
Save our Savers
0
Comments
-
More bad news from the mad house price inflation stable. I hate to say it again but I cannot see how people couldn`t see this whole pyramid selling scheme was going to collapse at some point. Stuff like this is not going to cheer up the developers where I live that have loads of work in progress!0
-
More bad news from the mad house price inflation stable. I hate to say it again but I cannot see how people couldn`t see this whole pyramid selling scheme was going to collapse at some point. Stuff like this is not going to cheer up the developers where I live that have loads of work in progress!
There is talk of Barrat Homes contemplating renting their properties as they can't sell them. Such a large surge of rented properties wold surly force rents down further. Your right to use the term collapse but who would of predicted it falling this fast.
I can see huge losses for those small investors who have bought properties in the last 4-5 years.:eek::exclamatiScams - Shared Equity, Shared Ownership, Newbuy, Firstbuy and Help to Buy.
Save our Savers
0 -
It's finally over, apart from the odd lunatic saying it's ok, I'll buy more, house prices never go down, supply and demand, etc. like the Iraqi information minister with the US tanks behind him.
Finally over.0 -
It's finally over, apart from the odd lunatic saying it's ok, I'll buy more, house prices never go down, supply and demand, etc. like the Iraqi information minister with the US tanks behind him.
Finally over.
That's not very nice Mewbie...calling Pickles an odd lunatic :rotfl: . A xDon't believe everything you think.
Blessed are the cracked...for they are the ones who let in the light. A x0 -
No, self-certification is the British sub prime. We're just fortunate enough to have BTL as well.Is Buy to Let the British Sub Prime?
http://forums.moneysavingexpert.com/showthread.html?t=10576670 -
I think the concept of BTL being a one way ticket to a stable pension scheme should be over. However, if reports here are to believed, and certainly through driving around london a lot Im seeing a teriffic amount of to let boards. Whether lenders are allowing these 'lets' is anyones guess.
IS there anyone in lending that can tell us whether these sort of applications have risen substantially in london?What does everyone else think about the future of Buy to Let and is there anyone still out there wanting to invest?
I dont think its out of the question for us to consider BTL, we would certainly consider it if it looks like a v good investment - I would only consider a family property, with a view to tendering to local authorities on fixed 3 year plus lets. BTL on the open market- not a cat in hells
:beer: Well aint funny how its the little things in life that mean the most? Not where you live, the car you drive or the price tag on your clothes.
Theres no dollar sign on piece of mind
This Ive come to know...
So if you agree have a drink with me, raise your glasses for a toast :beer:0
This discussion has been closed.
Confirm your email address to Create Threads and Reply
Categories
- All Categories
- 354K Banking & Borrowing
- 254.3K Reduce Debt & Boost Income
- 455.3K Spending & Discounts
- 247K Work, Benefits & Business
- 603.6K Mortgages, Homes & Bills
- 178.3K Life & Family
- 261.2K Travel & Transport
- 1.5M Hobbies & Leisure
- 16.1K Discuss & Feedback
- 37.7K Read-Only Boards