The future of B&B and BTL

carolt

To give Martin his due, he's probably just worrying about the yucky situation of the taxpayers having to repossess someone's house. In fact, the scenario he painted and that concerns you, may not happen in this case as much as in the case of Northern Rock, as the article itself points out elsewhere, due to a clause written into many of their contracts.

ad44downey

How many bTLets has Martin Lewis got?

Gorgeous_George

A few facts from the GG corner.

1. If FTBers hadn't been so keen to buy houses that they couldn't afford, BTL LLs could have bought more cheaply and rents would be lower.

2. LLs have saved some potential FTBers from saddling themselves with a mountain of debt.

3. Renting is more flexible and is very MSE. It stops people paying huge sums of money to the Treasury (Stamp Duty, VAT on EA fees, solicitor fees etc.)

4. It stops EAs earning 2% or thereabouts of the current house value every time you move.

5. BTL LLs do not enjoy preferential tax treatment.

6. My tenants are very happy (they gave up a similar HA house less than 200 yards away to take my property).

7. My tenants neighbours are very happy (I choose their neighbours).

8. Considering the extra services that I provide, the small premium over HA rents is great value.

9. I enjoy looking after my tenants (I wish I had more, I could do it full time).

10. Renting is not dead money.



GG

hearts

fatpig wrote: »

Most people want to buy rather than rent. But they've been priced out of the market by the BTL swine.

Utter B ullshi t

pickles110564

fatpig wrote: »

BTL swine.

Without us we would have cardboard cities everywhere, you do not realise what good we do providing stable quality homes for the poor unfortunate people that are desperate to find somewhere that they can call home but not have to have all the worry of having a mortgage.

pickles110564

Gorgeous_George wrote: »

A few facts from the GG corner.

1. If FTBers hadn't been so keen to buy houses that they couldn't afford, BTL LLs could have bought more cheaply and rents would be lower.

2. LLs have saved some potential FTBers from saddling themselves with a mountain of debt.

3. Renting is more flexible and is very MSE. It stops people paying huge sums of money to the Treasury (Stamp Duty, VAT on EA fees, solicitor fees etc.)

4. It stops EAs earning 2% or thereabouts of the current house value every time you move.

5. BTL LLs do not enjoy preferential tax treatment.

6. My tenants are very happy (they gave up a similar HA house less than 200 yards away to take my property).

7. My tenants neighbours are very happy (I choose their neighbours).

8. Considering the extra services that I provide, the small premium over HA rents is great value.

9. I enjoy looking after my tenants (I wish I had more, I could do it full time).

10. Renting is not dead money.



GG

Well written as usual GG, I always love reading a post that has useful facts and does not snipe at others.

brit1234

pickles110564 wrote: »

Without us we would have cardboard cities everywhere, you do not realise what good we do providing stable quality homes for the poor unfortunate people that are desperate to find somewhere that they can call home but not have to have all the worry of having a mortgage.

Your my hero, BTL also stops global warming and stops seal cubs being beaten to death with big sticks.

Society would collapse without BTL.:D

pickles110564

brit1234 wrote: »

Your my hero, BTL also stops global warming and stops seal cubs being beaten to death with big sticks.

Society would collapse without BTL.:D

Thanx Brit, it is so hard carrying the responsibility of homing so many down and outs on our shoulders. It is a struggle but we will carry on.:T