The Rise and Rise of Buy To Let.....

HAMISH_MCTAVISH

Some fascinating figures from the CML, with thanks to ISTL for posting in another thread.

2011- There are 1.34 million buy-to-let mortgages outstanding

2010- There were 1.26 million buy-to-let mortgages outstanding

2008 - There were 1.1 million buy-to-let mortgages outstanding

2007- There were 938,500 buy-to-let mortgages outstanding

But to let has continued to grow all the way through the recession, and yet rents have also now risen to new highs.

Not the outcome some of our crashaholic posters had in mind.....;)

nembot

Yeah, and not one of those BTL's is yours, so much for mouth and money - you never put it where is matters do you?

Hamish the landlord (with his gifted house he didn't even buy) either purchases more houses or shut the f00k up....

Graham_Devon

nembot wrote: »

Yeah, and not one of those BTL's is yours, so much for mouth and money - you never put it where is matters do you?

Never a truer word said.

Some of these pimperne / hamish threads are showing the real situation the vested interest rampers are in.

Losing_the_way

So of the posters on this thread how many of you are/have expanded your portfolio since 2008?

That's the bottom line, be interesting to see how many if any.

Mallotum_X

Absolute figures are interesting for absolute trends.

These dont give the number of btl bought for cash, and also dont give any indication of btl that were previously on a residential mortgage and have now changed.

Also i'd be keen to get some understanding on who is taking on these proprties, larger (corporate) investors or mom and pop types? Plus the regions they relate to. Also the type of properties - how much is flats for instance compared to differing property sizes.

Is this something happening accross the country or just in certain hot spots.

However that all said, I must admit personally to being slightly surprised just how much the BTL market appears to have grown. Flight to assets is clearly a strategy being used to protect value.

In a few years time it would also be of interest to see how many of these properties are kept as long term investments, or whether if/when the economy picks up there is a flight into a different asset class. Time will tell.

Percy1983

As said before you can't stop greed.

ess0two

Percy1983 wrote: »

As said before you can't stop greed.

Whats greedy about it?

B_Blank

nembot wrote: »

Yeah, and not one of those BTL's is yours, so much for mouth and money - you never put it where is matters do you?

Hamish the landlord (with his gifted house he didn't even buy) either purchases more houses or shut the f00k up....

Yes funny how house prices are sure to go up yet hamish isnt trying to beg borrow and steal as much money as he can to get as big a property portfolio as possible. Basically means his opinion shouldnt be respected as he cant truely believe what he spouts and probably just does it argue now!

B_Blank

ess0two wrote: »

Whats greedy about it?

BTL is scummy! Its capitalising on young/poor people being unable to buy property and locking them into paying rent for the rest of their life. Its wrong and disgusting. We made progress removing the landed classes which had dominated britian for about 1000 years before the 20th century. Now these scum are returning under a different guise. That of the the BTL landlord. Artificially pushing up prices to freeze people out of owning land and thereby increasing the pool of these people who then need to rent their product off them.

Its similar to the cigerette companies who got people hooked on their damaging product and then rinsed them.

BTL Landlords are selfish and its disgusting. There is no flaw to my logic, but I welcome a counter arguement as long as it isnt rude/name calling. Lets have a mature discussion if you dare.

Loughton_Monkey

Satellite TV is scummy! Its capitalising on young/poor people being unable to watch affordable television and locking them into paying subscriptions for the rest of their life. Its wrong and disgusting. We made progress removing the landed classes which had dominated britian for about 1000 years before the 20th century. Now these scum are returning under a different guise. That of the Virgin and the Sky Television. Artificially pushing up prices to freeze people out of network sport and thereby increasing the pool of these people who then need to rent their product off them.

Its similar to the cigerette companies who got people hooked on their damaging product and then rinsed them.

Subscription media companies are selfish and its disgusting. There is no flaw to my logic, but I welcome a counter arguement as long as it isnt rude/name calling. Lets have a mature discussion if you dare.

IveSeenTheLight

Losing_the_way wrote: »

So of the posters on this thread how many of you are/have expanded your portfolio since 2008?

That's the bottom line, be interesting to see how many if any.

I bought one in Jan 2007 and am in process of making an offer on another this week.