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The Fall in Rise of Buy To Let

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Comments

  • geneer
    geneer Posts: 4,220 Forumite
    robmatic wrote: »
    A bit of context and analysis on how this relates to your first post in this thread would be fascinating.

    You could maybe throw in a devastating argument as well? For old time's sake?


    The post was context. It relates to both CML and Buy-To-Let. We can tell this because the words CML and Buy-to-let appear in the text.

    How about you throw in a devastating counter-argument instead rob. Best of luck. :)
  • robmatic
    robmatic Posts: 1,217 Forumite
    geneer wrote: »
    The post was context. It relates to both CML and Buy-To-Let. We can tell this because the words CML and Buy-to-let appear in the text.

    How about you throw in a devastating counter-argument instead rob. Best of luck. :)

    Aww, bless :rotfl:
  • Loughton_Monkey
    Loughton_Monkey Posts: 8,913 Forumite
    Part of the Furniture Combo Breaker Hung up my suit!
    geneer wrote: »

    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
    2003 - There were 334,800 buy-to-let mortgages outstanding.

    Between 2003 and 2007 outstanding mortgages increased by 180%.

    Between 2007 and 2011 they increased just 42%.

    Well, well, well. I'm very impressed. Thanks, Geneer, for the good news.

    With the vastly mushrooming number of rentals going on, this is conclusive proof that all these BTL landlords are making so much money, they're now paying cash for them - or at least a lot of them.

    Brilliant. Nice to know that enterprise is not quite dead in UK. And once inflation starts biting, all those tenants who saved up their £30K and want to buy will be frozen out even longer when houses start inflating £100 a day.

    Then, eventually, the smart BTL'ers will sell up, on the high, to all those former tenants, and retire to Bali.

    Gin & Tonics all round......
  • heathcote123
    heathcote123 Posts: 1,133 Forumite
    geneer wrote: »
    Not being displaced. Hmmmmmm. Interesting.


    Hmm, displaced FTB's?

    I can't think of any.

    :rotfl::rotfl::rotfl::rotfl::rotfl:
  • mcc100
    mcc100 Posts: 624 Forumite
    Part of the Furniture 500 Posts Name Dropper
    I know several people who have been unable to sell their houses so have decided to rent them out ....... and surprise, surprise ...... have had to convert their mortgages to BTL's

    Not through choice but through necessity ..... and I'm sure that much of the increase in BTL's is for this reason.
  • geneer
    geneer Posts: 4,220 Forumite
    heathcote123 wrote: »
    Hmm, displaced FTB's?

    I can't think of any.

    :rotfl::rotfl::rotfl::rotfl::rotfl:


    You're still paying rent then eh fubra. ;)
  • Percy1983
    Percy1983 Posts: 5,244 Forumite
    Part of the Furniture 1,000 Posts Combo Breaker
    Loughton_Monkey wrote: »
    Brilliant. Nice to know that enterprise is not quite dead in UK. And once inflation starts biting, all those tenants who saved up their £30K and want to buy will be frozen out even longer when houses start inflating £100 a day.

    Enterprise? Really?

    Sorry that just made me laugh. :rotfl:
    Have my first business premises (+4th business) 01/11/2017
    Quit day job to run 3 businesses 08/02/2017
    Started third business 25/06/2016
    Son born 13/09/2015
    Started a second business 03/08/2013
    Officially the owner of my own business since 13/01/2012
  • Pimperne1
    Pimperne1 Posts: 2,177 Forumite
    geneer wrote: »
    You're still paying rent then eh fubra. ;)

    Do you know anyone else who is? :beer:
  • geneer
    geneer Posts: 4,220 Forumite
    robmatic wrote: »
    Aww, bless :rotfl:

    No devastating counter argument then. ;)
  • geneer
    geneer Posts: 4,220 Forumite
    Pimperne1 wrote: »
    Do you know anyone else who is? :beer:

    Of course.
    Thats a bit of a silly question really.
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