BTL Mortgages now 12.4% of all mortgages and safer bet

geneer

The CML has also announced that the value of new buy-to-let loans increased by 21% in the second quarter of 2011, driven mainly by remortgaging. It said there were 32,000 buy-to-let loans worth £3.5bn taken out from April to June, the highest number and value since the last quarter of 2008.

Looks like the shift towards investors continues to be no greater than it was in the winter of 2008.

zzzzzzzzzzzzzzzzzzzzz

robmatic

geneer wrote: »

All mortgages is a lot less than it used to be.

"proportion".

Its an interesting word isn't it.

Oh dear, I think you might need to read some key sentences in that article again. Or do you mean that the total number of mortgages in existence has dramatically decreased over the past few years?

JonnyBravo

robmatic wrote: »

Oh dear, I think you might need to read some key sentences in that article again. Or do you mean that the total number of mortgages in existence has dramatically decreased over the past few years?

Do you think the penny has dropped yet? :rotfl:

JonnyBravo

geneer wrote: »

All mortgages is a lot less than it used to be.

"proportion".

Its an interesting word isn't it.

Not as good as "numpty"

Thrugelmir

julieq wrote: »

The shift towards concentration of property ownership towards investors continues.

Reading the CML press release. Not a view they share.

"If you consider the buy-to-let recovery alongside the increase in first-time buyer numbers we published yesterday, it appears that first-time buyers are not being displaced by buy-to-let landlords but are holding their own in a restricted market.

Seems as if the tide is turning.

Pimperne1

Thrugelmir wrote: »

No. Banks improving margins by refusing consent to let to borrowers. Thereby forcing them onto commercial lending rates.

Is there a link to banks refusing consent to let to borrowers? Just that Woolwich/Barclays were very understanding when I decided to move elsewhere and wanted to let my PPR. They didn't even increase their fantastic base rate tracker. Only allowed for two years but that will be enough for me.

Aberdeenangarse

GENEER_GHUOL wrote: »

Good! Since I moved into BTl myself it has out performed my penson 10 times.

So under performed your Pension by 10 times

Thrugelmir

Pimperne1 wrote: »

Is there a link to banks refusing consent to let to borrowers?

Lenders aren't going to advertise their policies by issuing a press release. Seems a logical step in the face of a declining amount of money to lend. Banking will fundamentally change in the next decade.

the_flying_pig

HAMISH_MCTAVISH wrote: »

The inevitable consequence of mortgage rationing.

codswallop.

owner-occupation has been falling since 2003, i.e. the period in all of history at which there was least mortgage "rationing".

HAMISH_MCTAVISH

the_flying_pig wrote: »

owner-occupation has been falling since 2003, i.e. the period in all of history at which there was least mortgage "rationing".

Do you have some data to back up that assertion.... I thought it was 2005 that O/O percentages peaked?

And are you referring to absolute numbers of homeowners, or owner occupation as a percentage of total households?

Because obviously with growing population, increasing household formation, and house building failing to keep up even in the boom, let alone now, it is entirely possible in theory for the number of houses in owner occupation to grow whilst the percentage in owner occupation decreases. Up until the crash anyway....

Although I'll agree it's probably falling on both measures now, for obvious reasons.