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Buy to let replacing first time buyers
Turnbull2000
Posts: 1,807 Forumite
The future is here...
http://www.moneyhighstreet.com/buy-to-let-news/buy-to-let-investors-ousting-first-time-buyers/
http://www.moneyhighstreet.com/buy-to-let-news/buy-to-let-investors-ousting-first-time-buyers/
Buy to let investors are replacing first time buyers as the driving force behind the property market as mortgage lenders favour these more experienced borrowers who also have larger deposits.
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This would all be fine. We just need better renting regulations in this country for those who have no choice but to rent.
Some of the stories I see on the house buying and renting board are just crazy. You have landlords suggesting the law allows it, and in the meantime, a family in complete upheavel. People need more protection if they are renting.
What's more, theres people posting, renting out their house which they couldnt sell, and asking forums what to do surrounding legislation and what they are repsonsible for. They are renting out places with no idea of the basic rules.0 -
Graham_Devon wrote: »This would all be fine. We just need better renting regulations in this country for those who have no choice but to rent.
Some of the stories I see on the house buying and renting board are just crazy. You have landlords suggesting the law allows it, and in the meantime, a family in complete upheavel. People need more protection if they are renting.
Strict licensing for landlords would be a good start.0 -
It would also be nice if people writing articles like that understood the difference between adverse and averse.Do you know anyone who's bereaved? Point them to https://www.AtaLoss.org which does for bereavement support what MSE does for financial services, providing links to support organisations relevant to the circumstances of the loss & the local area. (Link permitted by forum team)
Tyre performance in the wet deteriorates rapidly below about 3mm tread - change yours when they get dangerous, not just when they are nearly illegal (1.6mm).
Oh, and wear your seatbelt. My kids are only alive because they were wearing theirs when somebody else was driving in wet weather with worn tyres.
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I hate news stories like this. They state their case - in this instance BTLs replacing FTBs - without giving supporting evidence, just quotes from the industry. It's an interesting story if true, but where are the metrics?Please stay safe in the sun and learn the A-E of melanoma: A = asymmetry, B = irregular borders, C= different colours, D= diameter, larger than 6mm, E = evolving, is your mole changing? Most moles are not cancerous, any doubts, please check next time you visit your GP.
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Hm. An article espousing the virtues/genius of investing in residential property... which then goes on to ADVERTISE BTL MORTGAGES.Turnbull2000 wrote: »
Infomercial at best. Blatant spam at worst.
And backed up by Assetz. Credibility lol.Long live the faces of t'wunty.0 -
Graham_Devon wrote: »This would all be fine. We just need better renting regulations in this country for those who have no choice but to rent.
Very unlikely, particularly if the Tories remain in power. Those that would oppose measures improve tenant security are the most influential and vocal. There'd be uproar from lenders, property developers and landlord groups.Hi, we’ve had to remove your signature. If you’re not sure why please read the forum rules or email the forum team if you’re still unsure - MSE ForumTeam0 -
vivatifosi wrote: »I hate news stories like this. They state their case - in this instance BTLs replacing FTBs - without giving supporting evidence, just quotes from the industry. It's an interesting story if true, but where are the metrics?
Anecdotally my family EA member has seen a lot of lower end property (traditionally FTB) go to cash buyers. (I remember writing about it back in 2009 I think).
There is interest from FTB's but on some property they simply can't compete with current mortgage criteria.
If you live in a area where house prices average around £100K-125K but rents average £550-£600 on equiverlent property (around major towns, mean as I am not down south I dare say proportional figures also) I should imagine the investors are snapping up a fair few property.
I think the other evidence which we have seen for a year or so now is that proportionally of all house sales, cash sales make up a much higher percentage than pre crash (30%+ if I remember correctly)0 -
Turnbull2000 wrote: »Very unlikely, particularly if the Tories remain in power. Those that would oppose measures improve tenant security are the most influential and vocal. There'd be uproar from lenders, property developers and landlord groups.
probably true - more likely is to restrict the favourable tax regime that BTLers enjoy.
It's hardly going to be a crowning achievement if after 2 terms of Tory / coalition rule, the number of home owners continues to fall.0 -
Turnbull2000 wrote: »
Funny, the future seems a lot like the past.
Welcome to the new new paradigm. Same as the old.Buy to let investors generally have large cash deposits and a good mortgage repayment history,
:rotfl::rotfl::rotfl:Now they probably do.
But these are not the BTL muppets of the boom years.0
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