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

geneer

IveSeenTheLight wrote: »

If the 70% club are demonstrably ignored because their membership according to you is 2, what does that say about the BTL Market is dead club with 1 member

Actually lite, it was the bulls who demonstrated that the fabled, much discussed "70% club" actually consisted of 2 posters.

But there is a common theme here.

If the numbers are actually massively smaller and wildly different to what is inferred, its probably not worth getting all that excited about it, and the bulls probably will anyway.

IveSeenTheLight wrote: »

Do you wear a sandwich board for your day job?

Speaking of day jobs, probably best that you don't give yours up eh. :T

IveSeenTheLight

brit1234 wrote: »

Aren't buy to let mortgages interest only? I also thought that interest only mortgages also now have to have repayment vehicles. Surely that will have an effect on profitability.

You've said you thought this before.
Like before your wrong.

I've just went through a BTL mortgage application and whilst previously I repayed my BTL mortgages, with the interest rates as they are and likely to be in the following years, I've went with the interest only option to invest the profits elsewhere.

brit1234 wrote: »

On top of that those who have been gearing their properties are more exposed to property price falls.

How are they more exposed to potential falls than other types of properties?
there's no distinction to say X property is a BTL thus it must fall further

brit1234 wrote: »

Buy to let repossessions are already starting to rise and represent the section of the market most likely to get repossessed.

By representing the section of the market most likely to get reposessed, you qualify this with??????
Buy-to-let market returned to growth in the second quarter of the year

For the first time since 2008, arrears rates for buy-to-let mortgages are lower than in the owner-occupied sector

CML Reports little change in mortgage repayment problems in the second quarter

The current forecast is for a total repossession rate of 0.35% this year, and 0.4% in 2012, equating to 40,000 cases of repossession in 2011 as a whole, and 45,000 next year

geneer

IveSeenTheLight wrote: »

I've just went through a BTL mortgage application...I've went with the interest only option.

Nice one. :rotfl:

IveSeenTheLight

geneer wrote: »

If the numbers are actually massively smaller and wildly different to what is inferred, its probably not worth getting all that excited about it

Indeed, I'm glad your in agreement that your comments are insignificant.

geneer wrote: »

Speaking of day jobs, probably best that you don't give yours up eh

I've no intention at the moment.
I'm in a very good place and it's helping to provide security for my family and my future.
Indeed, it is helping with my planning that one day I will be able to give it up and enjoy early retirement.

While I'm on plan to be able to retire in my early 50's, I guess at your rate you'll have to keep working beyond the governments extended retirement age to keep paying your rent

IveSeenTheLight

geneer wrote: »

Nice one. :rotfl:

Why thanks.
With rates being so low, I'm able to release the previously built up equity and utilise the funds elsewhere.
I'll also see a greater return on profits monthly ensuring I have more cash at my disposal to re-invest as I wish.

There's a good chance that I'll get a better return on my investments than the saving I would have made in paying down the capital, meaning that I'll be able to clear off more capital if and when rates rise.

There's nothing wrong with having a good diverse portfolio. :T

brit1234

Data from the Council of Mortgage lenders shows the number of buy-to-let repossessions rose 12%

http://www.mortgagestrategy.co.uk/buy-to-let/dodgy-clubs-stoke-rise-in-landlord-repossessions/1036530.article

And this is just the start

geneer

IveSeenTheLight wrote: »

Indeed, I'm glad your in agreement that your comments are insignificant.

I'd suggest not.
And sadly, your previous repeated efforts also suggest that you consider my comments more significant than you now admit.

IveSeenTheLight wrote: »

I've no intention at the moment.
I'm in a very good place and it's helping to provide security for my family and my future.
Indeed, it is helping with my planning that one day I will be able to give it up and enjoy early retirement.

While I'm on plan to be able to retire in my early 50's, I guess at your rate you'll have to keep working beyond the governments extended retirement age to keep paying your rent

Of course. You're in such a good, healthy place you have absolutely no compulsion to engage in self agrandisement on a faceless internet forum.
Glad we got that settled.

geneer

IveSeenTheLight wrote: »

Why thanks.
With rates being so low, I'm able to release the previously built up equity and utilise the funds elsewhere.
I'll also see a greater return on profits monthly ensuring I have more cash at my disposal to re-invest as I wish.

If only you could invest all your money in something much more profitable. :rotfl:

Sadly its a bit harder to offload BTLs in this failing market eh.

robmatic

geneer wrote: »

Of course you've clearly demonstrated what a big, mature, deep thinker you are right? :rotfl:

I guess that would be relative...

geneer

robmatic wrote: »

I guess that would be relative...

Yes. Relative to the content and value of your contributions.