Some good news, BTL'rs losing 6 million per hour.

ad9898_3

Well it's about time we have a little good news amongst the gloom.

Quote

The latest figures suggest landlords lost £52.8 billion of equity in the 12 months to October this year.
It equates to £144.77 million a day or £6 million an hour, according to the research carried out by fund manager Managing Partners Limited.


http://www.telegraph.co.uk/finance/financetopics/financialcrisis/3691567/Buy-to-let-investors-lose-6-million-an-hour-survey-shows.html

olly300

Why is this good news?

It means more tenants are at risk of losing their homes if their landlords can't re-mortgage. Not every tenant finds it easy to move house you know.

mr.broderick

ad9898 wrote: »

Well it's about time we have a little good news amongst the gloom.

Quote

The latest figures suggest landlords lost £52.8 billion of equity in the 12 months to October this year.
It equates to £144.77 million a day or £6 million an hour, according to the research carried out by fund manager Managing Partners Limited.


http://www.telegraph.co.uk/finance/financetopics/financialcrisis/3691567/Buy-to-let-investors-lose-6-million-an-hour-survey-shows.html

Why is this good news?

mr.broderick

olly300 wrote: »

Why is this good news?

It means more tenants are at risk of losing their homes if their landlords can't re-mortgage. Not every tenant finds it easy to move house you know.

Brilliant minds and all that

Really2

ad9898 wrote: »

Well it's about time we have a little good news amongst the gloom.

Quote

The latest figures suggest landlords lost £52.8 billion of equity in the 12 months to October this year.
It equates to £144.77 million a day or £6 million an hour, according to the research carried out by fund manager Managing Partners Limited.


http://www.telegraph.co.uk/finance/financetopics/financialcrisis/3691567/Buy-to-let-investors-lose-6-million-an-hour-survey-shows.html

Is that actually losing cash or asset erossion.;)

Some landlord propertys could be classed as BTL but have been in their property assets for years and are mortgage free. But not most, obviously

ad9898_3

olly300 wrote: »

Why is this good news?

It means more tenants are at risk of losing their homes if their landlords can't re-mortgage. Not every tenant finds it easy to move house you know.

Why are tenants going to lose their homes ??, it's the equity in the house thats going down the swanny, which means at some point, the tenants that want to, may be able to afford the house that they are in instead of paying for some layabouts pension.

mr.broderick

ad9898 wrote: »

Why are tenants going to lose their homes ??, it's the equity in the house thats going down the swanny, which means at some point, the tenants that want to, may be able to afford the house that they are in instead of paying for some layabouts pension.

Are you carolt ?

ad9898_3

mr.broderick wrote: »

Are you carolt ?

No, why ?, you after a date ?, I suggest you ask her.

ess0two

ad9898 wrote: »

Why are tenants going to lose their homes ??, it's the equity in the house thats going down the swanny, which means at some point, the tenants that want to, may be able to afford the house that they are in instead of paying for some layabouts pension.

The layabouts are providing a roof over heads.

mr.broderick

ad9898 wrote: »

No, why ?, you after a date ?, I suggest you ask her.

I did she said no although i secretly think she regrets this.

caveman38

Why is it good news?
Like the OP perhaps most people believe that BTL had a big part in fuelling the masive rise in house prices. It is why our kids have found it hard to buy their own houses and had to rent.
We managed before the BTL concept and will not need these landlords as the tenants will now perhaps be able to buy there own homes.
I may not have been so brusque as the OP but I agree with him.