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

robmatic

B_Blank wrote: »

Being a BTL landlord is like being someone who mugs people on the street. The end result is the same. And people who excuse them are like people who know who the muggers are but protect them from the police.

!!!!!!?

To be honest, when I was a student, and when I was in my 20s with an uncertain career path, I was quite happy being 'mugged': renting from a private landlord suited my circumstances.

Do you live at home with your parents?

B_Blank

robmatic wrote: »

Hypothetical morals are brilliant, aren't they? How much of your earnings do you give away?

I do alot for charity. Given away £1500 directly and about 15 hours a week so far this year to charities.

ess0two

BTL = Business,its these business's that are filling the void that councils no longer provide by council housing.

geneer

HAMISH_MCTAVISH wrote: »

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.....;)

More interesting would be the % of reluctant landlords unable to sell.


Anyway, Lets apply some context and analysis to these figures.

September 2003 outstanding mortgages were 334800.

So between 2003 and 2007 outstanding mortgages increased by 180%.
Between 2007 and 2011 they increased just 42%.

An astonishing 76% crash in the rate of increase.

In otherwords, BTL as we knew it pre-crash, dead as a do-do.


In other news:-

http://www.cml.org.uk/cml/media/press/3001

"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. So, this is encouraging news for those who want to rent, as long as it is realised that much of the current increase is for remortgage rather than house purchase."

Graham_Devon

ess0two wrote: »

BTL = Business,its these business's that are filling the void that councils no longer provide by council housing.

It's not really filling a void though is it.

It's taking over. And council rents would not have done what BTL rents are doing.

Further, there are plenty of reports to suggest BTL are taking over, and being preferencially treated over first time buyers, therefore buying the assets before others are able to buy, therefore 'forcing' people to rent.

If you'd suggested Housing Associations and housing benefit had filled the void left over from council house sell off's, I'd agree. But BTL landlords filling any void is a bit wide of the mark.

robmatic

Graham_Devon wrote: »

Further, there are plenty of reports to suggest BTL are taking over, and being preferencially treated over first time buyers, therefore buying the assets before others are able to buy, therefore 'forcing' people to rent.

People aren't being forced to rent by BTL: it's deposit requirements which are the stumbling block for potential FTBers. With the market as slow as it it is nobody with deposit/finance in place should struggle to buy.

robmatic

geneer wrote: »

Anyway, Lets apply some context and analysis to these figures.

Errm, go on then?

ess0two

Graham_Devon wrote: »

It's not really filling a void though is it.

It's taking over. And council rents would not have done what BTL rents are doing.

Further, there are plenty of reports to suggest BTL are taking over, and being preferencially treated over first time buyers, therefore buying the assets before others are able to buy, therefore 'forcing' people to rent.

If you'd suggested Housing Associations and housing benefit had filled the void left over from council house sell off's, I'd agree. But BTL landlords filling any void is a bit wide of the mark.

Well i aint see much HA building going on near me,its BTL who are providing houses for girls with kids in pushchairs eating Sayers sausage rolls.

Its easy enough to buy a 2 bed terrace for 60k tops,kitchen / bathroom and decoration.

heathcote123

B_Blank wrote: »

Aw, I wondered when someone would roll out this sad little arguement.

You see it cuts both ways. And I would argue that it is people like you who expect everything. Or rather, who have learnt to expect everything on a silver platter.

You have received unprecedented government intervention (which flys in the face of a free market) to prop up the housing market, which is causing rents to rise. This is completely wrong. The banks should of been left unsupported. The people who cant paY their mortgages shouldnt receive government help. Housing benefit should be capped at about half what it is currently.

You are the one who is expecting and getting everything on a silver platter. I just want things to be fair and right.

Things have never been fair & right, and expecting them to be so has been the downfall of most of the bears. This religious expectation that the meek will inherit the earth !!!!!!!! is simply dangerous to ones finances.

The system is rigged. You have to figure out which side of the equation you want to be on.

geneer

heathcote123 wrote: »

Things have never been fair & right, and expecting them to be so has been the downfall of most of the bears. This religious expectation that the meek will inherit the earth !!!!!!!! is simply dangerous to ones finances.

The system is rigged. You have to figure out which side of the equation you want to be on.

Or you could hedge your bets, sit on the fence, and only buy half a house.

Who do we know who did that I wonder?