BTL, vile lowlife business, nobody wants to be living under their roofs

Cleaver

Percy, I shouldn't have typed all that as I could sum this up quickly. If you feel that BTL is an industry for chancers and spivs who make money doing nothing but fleecing poor people then you have two choices:

1) Boycott BTL and make sure you have nothing to do with their dirty business. If everyone does this there won't be a BTL industry.

2) Buy a BTL and make a load of 'easy money'.

Beat 'em or join 'em bascially.

Percy1983

Cleaver wrote: »

Percy, I shouldn't have typed all that as I could sum this up quickly. If you feel that BTL is an industry for chancers and spivs who make money doing nothing but fleecing poor people then you have two choices:

1) Boycott BTL and make sure you have nothing to do with their dirty business. If everyone does this there won't be a BTL industry.

2) Buy a BTL and make a load of 'easy money'.

Beat 'em or join 'em bascially.

I am doing nicely on option 1 thankyou.

But my point is the industry has already affected me, house prices are higher due to it, so the home I want to start a family is further way (financially) so will cost use more per month for the next 25 years of my life..

Cleaver

Percy1983 wrote: »

I am doing nicely on option 1 thankyou.

But my point is the industry has already affected me, house prices are higher due to it, so the home I want to start a family is further way (financially) so will cost use more per month for the next 25 years of my life..

That may well be true.

And I have less local shops to shop in and Santander is still on the high street. But neither of us can do anything about that either. Ah well.

Best we both forget about it and have a nice Christmas. Merry Christmas.

Percy1983

Cleaver wrote: »

That may well be true.

And I have less local shops to shop in and Santander is still on the high street. But neither of us can do anything about that either. Ah well.

Best we both forget about it and have a nice Christmas. Merry Christmas.

Very true, Merry Christmas :beer:

IveSeenTheLight

Percy1983 wrote: »

I am doing nicely on option 1 thankyou.

But my point is the industry has already affected me, house prices are higher due to it, so the home I want to start a family is further way (financially) so will cost use more per month for the next 25 years of my life..

House prices are not higher because of BTL.
We've already shown that the renatl market has been a diminishing one in percentage terms.

House prices have been higher because of ease of credit and restriction of supply.

Build more houses and you'll ease your house price issue.

Ypres

As this is my first post I shall tread carefully......

Before BTL there was no such thing as mortgages for rental investment. The whole market was reserved for those either with access to business loans or you had money or was making enough of it as you went along.

A great deal of full time landlords regarded BTL (and still do) as the easy way into the business, in fact in the early days they were considered mere amateurs. As time rolls on, obviously a few have made it on professionally along that business route.

So in a nutshell......... BTL has created a breed of different landlord without the neccessary 'eyes wide open approach'. This spectrum ranges from the one or two property owner who just cant handle the odd bad tenant to the BTL entrepreneur who has expanded too quickly and cannot manage them correctly in respect of upkeep and maintenance.

However, without the additonal support from the BTL landlord, it would be interesting to see what the level of homelessness would be in the UK at the present time? Make no bones about it....The authorities wont provide it, thats for sure.

I think one or two who berate the system of it all as such, yet are in reciept of a home becaause of it are posting from the armchair so to speak?

BTL is in decline not on the increase, in the last two years I have bought more properties which were ex BTL than anything else.

iolanthe07

Before BTL there was no such thing as mortgages for rental investment.

I bought a property with a mortgage for investment in 1984, so they have been going for a while.

baby_boomer

The last Labour government relied for 13 years on buy-to-let to provide the nation's housing.They sold off more council houses than Maggie :eek:. It's probably their greatest domestic failing - not least given their core values.

No-one should expect this to change when money is tight and a different government is in power.

As student debts of £50K become common, the UK will steadily move from 70%+ home ownership under Thatcher to 60%- home ownership and the gap will be filled by buy-to-let landlords. This is nothing to worry about.

We'll just have to get used to it. There's no point moaning unless you want a 2% rise in income tax to go with the 2.5% rise in VAT alongside pension payment increases, rising inflation & wage freezes .

So I have to disagree profoundly with OP.

And it will be btl landlords who prop up the otherwise ailing UK housing market - which will be welcomed by most homeowners on this site including me.

baby_boomer (Not a btl landlord now or ever - I couldn't stand the hassle.)

The_Fox_3

diable wrote: »

Maybe all LL's should go out on strike and on a set date serve the relevant papers and evict their tenants and accept no new people, leave it for a month so people who want to rent are desperate then double the prices.

Just a thought.........

Do you honestly think that tactic would work in your favour, and from the landlords that i know in general they would be far too greedy to even miss a day of rental income, not to say in many would be in serious financial trouble.

Actually you idea has got legs, but not from the way you see it, if tenants were to do what you suggest then you and your BTL friends would be in serious trouble, but from a tenants point of view your idea is a very easy option.

If tenants were to campaign and all on the same day say to themselves for 6 months we are going to sit it out. They could sleep on the mates sofa, they could grit their teeth and go back to mum and dads for 6 months, stay with a mate, go on that 6 month trip abroad they always wanted to do, if they have to rent try and squeeze that one or two extra people in. All they have to do is suffer just a little but do anything but hand your money over to a BTL landlord.

Of course not everyone could do this, but there are enough that could make a huge difference, this would stuff the BTL greedy fat cats.

Basically mate your idea is just a dumb one, you type could not survive, where as the tenants would be just put out a little.

JonnyBravo

The_Fox wrote: »

Basically mate your idea is just a dumb one, you type could not survive, where as the tenants would be just put out a little.

Put out a little?

Not every renter has belongings they can fit on a holdall.
What's a family to do?
Where does the furniture go?
You obviously have no idea of the upheaval of "moving out for a couple of weeks".
On one hand we have tenants moaning it's too easy to be thrown out, suffer massive upheaval, and have to move through no fault of their own (a position I have sympathy with) and on the other hand we have the marvellous Mr Fox proclaiming they should all move out and live on a mates sofa.
I know who I think is the daydreaming fool.

Don't judge your fellow renters by your own standards.