Landlords move to sell buy-to-let properties

brit1234

Some Landlords move to sell buy-to-let properties

According to recent reports, a growing number of landlords in the United Kingdom with multiple properties are looking to sell their residential real estate, as vacancy levels increase and as rental values either stagnate or decline in some parts of the country. This trend appears to have accelerated following the collapse of Brandford & Bingley, one of the most prominent names in the buy-to-let industry. Experts agree, however, that this trend which is seeing landlords put their properties up for sale and leave the residential rental sector can have both positive and negative affects on those landlords who choose to keep their portfolios.


On the one hand, the fact that some landlords are choosing to leave the rental sector may very well either help push rents up, or at the very least, keep them from falling further. The balance between supply and demand may become more advantageous for landlords in the near future, provided that this trend continues. But this does not mean that residential landlords will have bypassed all risks and challenges. Experts warn that as a growing number of buy-to-let properties flood the market, their sale value may very well decline noticeably, and some fear that already low prices might take a dramatic plunge. As such, any gain that landlords might experience from stabilized rents would soon evaporate as their residential properties more of their market value. While some had originally assumed that government legislation which will delay the repossessions of privately-owned properties for at least six months might bring stability to the housing market, this has yet to occur.

:eek::eek::eek::rotfl:

Thank you to FinancialAdvice.co.uk for the initial report.

http://news.rla.org.uk/index.php/archives/178

It must be bad if Landlord associations are now peddling doom. Roll on the crash and lets have affordable homes for Joe public UK again.:D

Cleaver

Is that an article with no figures, sources or author? And a line quoted to 'an expert'? And you've highlighted some bits in bold?!

Blimey, must all be true

brit1234

Cleaver wrote: »

Is that an article with no figures, sources or author? And a line quoted to 'an expert'? And you've highlighted some bits in bold?!

Blimey, must all be true

Apart from the source was at the bottom of the article. ie

Thank you to FinancialAdvice.co.uk for the initial report.

Link to the source story:
http://www.financialadvice.co.uk/news/9/property/8928/Is-the-buy-to-let-market-in-freefall.html


So what part do you disagree with?

RICS, ARLA and Rightmove have all said rents are falling as well as the chairman of the National Landlords Association on Working Lunch yesterday.

Prices are falling fast Nationwide, Halifax, Landregistry, Rightmove (selling prices), Barclays.

Void periods are increasing, that doesn't take a genius to work out and buy to let landlords have a higher percentage of missed mortgage payments and rising fast as a percentage of property owners (Bradford & Bingley Chairman at Treasury comitee meeting shown BBC Parliment).

Its well known that the Fergusons with their 900 properties are selling up, with many of the other big landlords selling up before the crash or going bust now (Grant Bovey etc):A

Lotus-eater

Come on Brit, bit tenuous? Some Landlords move to sell buy-to-let properties

Some?

Not a very big story, I know you have a rabid loathing of landlords, but all these threads about doom in the BTL sector with no proof are getting a bit boring.

Cleaver

I don't disagree with any of it.

I've said before, I'm just a bit bored with articles appearing on here every day that I could have just cobbled together in 20 minutes. It still has no sources (they've just linked it to another article), no figures and nothing really new or interesting to say.

I'd critique why it's crap, but I can't be bothered (I would start with the very first word though: 'Some'. Really? Some? Blimey, how specific).

Cleaver

Cleaver wrote: »

I'd critique why it's crap, but I can't be bothered (I would start with the very first word though: 'Some'. Really? Some? Blimey, how specific).

Mr Lotus beat me to it.

chucky

Cleaver wrote: »

I don't disagree with any of it.

I've said before, I'm just a bit bored with articles appearing on here every day that I could have just cobbled together in 20 minutes. It still has no sources (they've just linked it to another article), no figures and nothing really new or interesting to say.

I'd critique why it's crap, but I can't be bothered (I would start with the very first word though: 'Some'. Really? Some? Blimey, how specific).

at least it's given Brit something to do this morning

fatpig_2

The rats are fleeing the sinking ship

How much longer before chucky the rat jumps overboard?

The_Frenchman_2

Bet Cleaver would be great at a Steve Miller Concert.

Steve Miller "Some people call me the Space Cowboy"

Cleaver "SOME WHAT DO YOU MEAN SOME?"

SM "Some call me the gangster of love"

C "BE MORE SPECIFIC"

SM "Some people call me Maurice"

C "RIGHT, THAT'S IT I'M OFF HOME"

Cleaver

The_Frenchman wrote: »

Bet Cleaver would be great at a Steve Miller Concert.

Steve Miller "Some people call me the Space Cowboy"

Cleaver "SOME WHAT DO YOU MEAN SOME?"

SM "Some call me the gangster of love"

C "BE MORE SPECIFIC"

SM "Some people call me Maurice"

C "RIGHT, THAT'S IT I'M OFF HOME"

That really made me chuckle.

I will excuse Steve Miller with his lack of specifics in his song-writing medium. However, if he ever starts writing for the Residential Landlords Association I will expect an increased attention to detail with regard to figures.

boyse7en

accelerated following the collapse of Brandford & Bingley

Brandford??????

As such, any gain that landlords might experience from stabilized rents would soon evaporate as their residential properties more of their market value.

more what of their market value?

2/10 : Must do better