Banks shut of BTL lifesupport.

geneer

http://forums.moneysavingexpert.com/showpost.php?p=47238195&postcount=35

Buy-to-let as a term was coined in 1995 as a marketing badge for a finance initiative launched by the Association of Residential Letting Agents (ARLA), although this type of lending had existed for many years.

Would be nice to see a link.
But the sentiment chimes with what I've been saying.
There always has been landlords, there always will be.
The fact that a trickle of people consider property worth investing in is hardly grounds for claims that BTL remains the same as it ever was.

For a start, investement is right. A significant number of new BTLs are remortgages.
Of those that are left, I've be interested in knowing what the average deposit was.
Quite different from 2007 I suspect.

BTL as was is dead. It may still exist in name, but its quite a different animal.

Thrugelmir

geneer wrote: »

Of those that are left, I've be interested in knowing what the average deposit was.
Quite different from 2007 I suspect.

Significantly better than the old regime.

Indexed LTV's for B&B and NR are 81.6% and 82.9% respectively. (at 30/06/11). Which dispels the myth that BTL has many a hugely successful investment for many.

IveSeenTheLight

Kennyboy66 wrote: »

The huge advantage of pensions are:

1) Your employer may contribute.

2) You can take 25% tax free lump sum of your pot on retirement.

3) For many higher rate tax payers, they will get tax relief at 40%, but only eventually pay basic rate tax on their retirement income (annuity or drawdown).



And thats why

And that's why I have a pension.
Still doesn't give me any confidence of what I might expect as a pension in the future.

IveSeenTheLight

geneer wrote: »

Not that you have any compulsion to go on and on and on about it at the slightest provocation. :rotfl:]


Anyone else know why the forums biggest boasters seem to be the most insecure?

Who's insecure?

I think your obsession to try and put down those that have, is because of your jealousy that you have not.

Get over it and get on with life.

geneer

IveSeenTheLight wrote: »

And that's why I have a pension.

I'm sure the global financial meltdown has done wonders for the same.

robmatic

geneer wrote: »

I'm sure the global financial meltdown has done wonders for the same.

Are you an experienced investor, geneer?

Diversification and a long-term perspective are key.

GDB2222

I have 3 legs to my investments: property, shares, and cash. Some of the investments are in pensions, by the way. What's eating me up is that the cash element is losing money in real terms, whilst I am not confident at all about investing it in either property or shares.

geneer

robmatic wrote: »

Are you an experienced investor, geneer?

Diversification and a long-term perspective are key.

Yes. I recall quite a few Bulls telling us they were in it for the long term come 2008.l

robmatic

geneer wrote: »

Yes. I recall quite a few Bulls telling us they were in it for the long term come 2008.l

Errm, okay. I guess those arguments that you had with internet randoms 3 years ago are really important to you.

Thrugelmir

GDB2222 wrote: »

Some of the investments are in pensions, by the way. What's eating me up is that the cash element is losing money in real terms, whilst I am not confident at all about investing it in either property or shares.

Best to hold cash in ISA's. As deposit rates in majority of SIPP's is base rate i.e. 0.5%.

Since base rate dropped low I've remained fully invested in the SIPP. Riding the waves up and down.