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BTL Mortgages now 12.4% of all mortgages and safer bet
Comments
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You appear to be an expert Johnny. Why don't you enlighten us.
I'm surprised. I admit my post had a small amount of baiting in it but I still expected some kind of reasoned response.
Two options have presented themselves.
a) You still dont genuinely understand. It would therefore take an age to explain. I'm not interested.
b) You do now understand, but your ego won't allow you to make any concession. I've poked you enough for others to see your intransigence, arrogance and obstinancy. I'm still not interested but others, with more patience, will no doubt continue to engage you until you pique my interest again.0 -
JonnyBravo wrote: »yet the number of BTL mortgages in total can also be at their highest proportion since the 1990's
Easy to answer. In 2000 there were only 30,000 BTL loans in existance. So statistically not hard to set new records compared to the 90's.0 -
JonnyBravo wrote: »I'm surprised. I admit my post had a small amount of baiting in it but I still expected some kind of reasoned response.
Two options have presented themselves.
a) You still dont genuinely understand. It would therefore take an age to explain. I'm not interested.
b) You do now understand, but your ego won't allow you to make any concession. I've poked you enough for others to see your intransigence, arrogance and obstinancy. I'm still not interested but others, with more patience, will no doubt continue to engage you until you pique my interest again.
So basically, your fantastic explanation isn't forthcoming then.
You know, I didn't see that coming.
0 -
Sorry mate - I've been packing for a holiday. If you're that interested check the following links:
1) Number of FTB’s taking mortgages highest since August 2010 (June 2011 numbers)
Source: http://www.cml.org.uk/cml/media/press/3000
2) Number of BTL mortgages at highest proportion of total mortgages since the 1990’s (Q2 2011 numbers)
Source 1: http://www.cml.org.uk/cml/media/press/3001
Source 2: http://www.bbc.co.uk/news/business-14488734 (Quoted in the OP).
Conclusion FTB mortgages (total) up and proportion of BTL mortgages up.
It's a surprise to nobody (well nearly
) that both of the above could be true because condition 1 is related to a snapshot of a single month and condition 2 is a ratio of outstanding BTL mortgages to total mortgages outstanding.
So it's perfectly possible that the following can be true....
and this
Sorry Wotsat, you appear to have linked articles already linked, and restated conclusions already given.
I was rather interested in how this proves JulieQ assertion that FTBs are being pushed out by BTLs.
Particularly as one analysis says,it appears that first-time buyers are not being displaced by buy-to-let landlords
Looks like both you and Johnny Bravo have failed to live up to expectations.0 -
Thrugelmir wrote: »Easy to answer. In 2000 there were only 30,000 BTL loans in existance. So statistically not hard to set new records compared to the 90's.
Which is fine, of not particularly meaningful.0 -
I was rather interested in how this proves JulieQ assertion that FTBs are being pushed out by BTLs.
Total BTL mortgages have increased from 1,260,000 to 1,340,000 this past 12 months.
That's a further 80,000 houses FTB's won't be buying.
The true figure is of course much higher as BTL cash buyers aren't included.If I don't reply to your post,
you're probably on my ignore list.0 -
You know, you're not fooling anyone with your tired tactic of getting other people to explain what you do not understand. It's as plain as a pikestaff that you're a person with a very average intellect trying desperately to appear more intelligent and failing badly.
Still, it's great fun for the rest of us, so please keep it up.
Well that would be all well and good if they actually could explain what I don't understand Forest. Only it appears they can't.
Which rather explains why I didn't understand it.
Care to have a punt at it yourself? 0 -
Total BTL mortgages have increased from 1,260,000 to 1,340,000 this past 12 months.
That's a further 80,000 houses FTB's won't be buying.
The true figure is of course much higher as BTL cash buyers aren't included.
Yet straight from the CML hotline...it appears that first-time buyers are not being displaced by buy-to-let landlords 0 -
You know, you're not fooling anyone with your tired tactic of getting other people to explain what you do not understand. It's as plain as a pikestaff that you're a person with a very average intellect trying desperately to appear more intelligent and failing badly.
Still, it's great fun for the rest of us, so please keep it up.
Waaaaaaaaaaaiiiiiiiiiiiiit a minute.
Joined August 2011.
Yet another sockpuppet. :rotfl:
Ignore I think.0
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