BTL News

macaque_2

The wheels have completely fallen off the BTL business. This will come as welcome news for young families who want to buy their own homes.

http://www.citywire.co.uk/personal/-/news/money-property-and-tax/content.aspx?ID=321353&re=4209&ea=174368

skap7309

It was only a matter of time, HPI made BTL easy so there is little point now with the glut of sellers turning to renting to see the crash through. Flooding the market drives down rents and profits turn out to be to low to bother with. More houses enter the selling market and prices fall even further.

fatpig_2

You won't find too many people who'll have much sympathy for all the BTLet slum landlords

Cannon_Fodder

I agree its positive, just be careful with the age-ist stuff, some not-so-young people want to get an affordable house, too...!!

chucky

macaque wrote: »

The wheels have completely fallen off the BTL business. This will come as welcome news for young families who want to buy their own homes.

http://www.citywire.co.uk/personal/-/news/money-property-and-tax/content.aspx?ID=321353&re=4209&ea=174368

they're going to have find a substantial deposit and then find the finance to purchase the property. of course all young families have this to hand.

Macaque your HPC Cult is giving you snow blindness.

pickles110564

fatpig wrote: »

You won't find too many people who'll have much sympathy for all the BTLet slum landlords

I myself have no sympathy for all you slum tenants that expect everything to be given to you on a plate, without doing what we all done get a job.
You are probably one of those that think the DOLE is your wages.:rotfl: :rotfl:

chucky

pickles110564 wrote: »

I myself have no sympathy for all you slum tenants that expect everything to be given to you on a plate, without doing what we all done get a job.
You are probably one of those that think the DOLE is your wages.:rotfl: :rotfl:

behave yourself Pickles - Fatpig is my friend not yours!!!!!!

fatpig_2

The forum's resident slum BTlet landlord, chucky, has an interesting business model. Cram your properties full of illegal immigrants and only accept cash payments for rent thereby avoiding income tax. It is a great strategy as long as he doesn't get caught.

teabelly

You're assuming that those that can't sell and rent out have a property in a desirable rental area. The reverse is usually true. The only properties that are selling are ones where they make good investment sense ie strong rental area. Generally speaking if you can't sell it you'll struggle to get it rented out too.

Only investors have been buying so anything which isn't a sound investment opportunity won't sell. Even with massive price cuts some stuff just won't shift as there is no demand for that type of property or that particular area or there is something really rubbish about the property eg it backs onto a railway line.

chucky

fatpig wrote: »

The forum's resident slum BTlet landlord, chucky, has an interesting business model. Cram your properties full of illegal immigrants and only accept cash payments for rent thereby avoiding income tax. It is a great strategy as long as he doesn't get caught.

where's Dervish when you need her to report abuse!!! :rotfl: :rotfl: :rotfl:

Fatpig - come on don't be like that. you and your fourteen children (all from different mothers) provide enough governement benefits for you to live off without you having to use the public library to get on the internet!!!

chucky

teabelly wrote: »

You're assuming that those that can't sell and rent out have a property in a desirable rental area. The reverse is usually true. The only properties that are selling are ones where they make good investment sense ie strong rental area. Generally speaking if you can't sell it you'll struggle to get it rented out too.

Only investors have been buying so anything which isn't a sound investment opportunity won't sell. Even with massive price cuts some stuff just won't shift as there is no demand for that type of property or that particular area or there is something really rubbish about the property eg it backs onto a railway line.

correct - there are properties out there worth buying, even now.

they are good business or investment opportunities.