Generation Rent Fuels Buy-To-Let Boom

geneer

DervProf wrote: »

In a cage next to yours ?

Hamishes granny lives rent free.
Thats why hamish had to buy a place. In 2007.

But hey, failing to cash in on a massive housing bubble by selling up at the right time.....well thats nothing to do with Timing, is it?

chucky

Both the number of lenders offering landlord loans and the volume of landlord lending grew by 20 per cent last year.

interesting... it must be London that has skewed the numbers

Pimperne1

geneer wrote: »

Hamishes granny lives rent free.
Thats why hamish had to buy a place. In 2007.

But hey, failing to cash in on a massive housing bubble by selling up at the right time.....well thats nothing to do with Timing, is it?

Talk about timing - the BtL data that your provided is a year out so when you talk about 2010 you mean 2011 etc.

Anyway, I am surprised there are any BtL muppets taking out mortgages as the received wisdom on the HPC site was that they would be leaving BtL in droves.

geneer

Pimperne1 wrote: »

Talk about timing - the BtL data that your provided is a year out so when you talk about 2010 you mean 2011 etc.

Anyway, I am surprised there are any BtL muppets taking out mortgages as the received wisdom on the HPC site was that they would be leaving BtL in droves.

Typo now corrected. Thanks pimp!

Now, to reitterate.

2007. 89550.
2011. 27600.

Now what was it you were saying?
Something about BTL not falling off a cliff?

Pimperne1

geneer wrote: »

Typo now corrected. Thanks pimp!

Now, to reitterate.

2007. 89550.
2011. 27600.

Now what was it you were saying?
Something about BTL not falling off a cliff?

Yes well there was supposed to be a flood of BtL investors leaving the market, looks like they are joining in droves.

STing

HAMISH_MCTAVISH wrote: »

Generation Rent Fuels Buy-To-Let Boom

Loughton_Monkey

It was a cloudy day, but good enough to go to the local Heavy Horse show in Enfield. While watching about 10 shires being paraded around, I was intrigued by a conversation behind me. Two women. One with a couple of kids, and another dressed in blue with [what I assumed was] her husband.

Woman in Blue: "Hi Shirley. 'Aven't seen you for a while. Ow's things then?"

Shirley [I assume]: "Well.... you know... surviving. But I swear I'm going to murder that Ron."

Woman in Blue: "Wadya mean? Thought all that divorce was well finished. Came out of it OK dintya? Kept the 'ouse dintya?"

Shirley: "Huh. Wish I had. No. He moved out of course. But he got the house. Just that he had to pay me half what 'e'd put in, but that weren't much. But he kept it and I just rent it from him."

Woman in Blue: "Weird."

Shirley: "Weird ain't the word. B4stard's just put me bloody rent up."

Not bad for an 'accidental' BTL landlord?

geneer

Pimperne1 wrote: »

Yes well there was supposed to be a flood of BtL investors leaving the market, looks like they are joining in droves.

Gotta be hard to leave the market when they're in negative equity eh. :rotfl:


But hey, BTL numbers almost 75% less than at peak. Woo hoo.
What a stunning recovery.