10,000 tenants behind with their rents

G_M

Natalie - advertising your letting agency here is against the rules. Please delete either your posts, or remove your company namefrom them.

The-Joker

Wait until housing benefit is really cut back, then see how many tenants will be behind with the rent.

Mr._Pricklepants

The-Joker wrote: »

Wait until housing benefit is really cut back, then see how many tenants will be behind with the rent.

Hi Joker.

Can you provide us an update on your 1 May 'strike', your attempt to bring down the global financial system? Was it a big success?


http://forums.moneysavingexpert.com/showpost.php?p=60772285&postcount=1

The-Joker

Yes it was a big success. The manipulation has now been proved.

The paper price of silver continues to go down looks like capitulation. If there really is capitulation in silver then there would be lines outside dealers around the world people selling silver. There are indeed lines around the block at silver dealers all around the world especially in the East.

But the lines of people are all BUYING! At the same time the manipulators push the paper price even lower. Those of us who stack silver love the manipulation, it is the greatest gift the manipulators can give us.

The paper price will continue to go down along with any paper derivatives of silver while real silver bullion is getting very hard to get and very expensive compared to the paper price.

But back on topic. In Spain as just one example (there are may places following) There are huge numbers now squatting. They just cant afford to pay their rents or mortgages but the authorities can not deal with the numbers involved. Some are evicted for sure, but they just go and squat somewhere else.

Could the same thing happen here if or when the government stop paying peoples high rents and mortgage payments?

The-Joker

Anyone find the numbers for how many behind with the rent now since the cuts?

chucky

The-Joker wrote: »

Anyone find the numbers for how many behind with the rent now since the cuts?

It was recently reported that nearly 165 million tenants in the UK are now behind with their rents but the whole Panzi system has a band aid plaster on it to support it because the chef at Downing Street is heavy into BTL.

chucknorris

chucky wrote: »

It was recently reported that nearly 165 million tenants in the UK are now behind with their rents but the system has a band aid plaster on to support it because the chef at Downing Street is heavy into BTL.

41 of our 8 tenants are now behind with their rent chucky, I just don't know how we managed to find ourselves in this mathematically impossible situation. If only we had invested in Railtrack or Northern Rock shares instead, we wouldn't be in this mess. Problem is that it has just got even worse, apparently we have to also pay back the interest only mortgages too, we never seen that one coming!

IveSeenTheLight

The-Joker wrote: »

Anyone find the numbers for how many behind with the rent now since the cuts?

No, sorry, I've not investigated this.
How about you research and provide links to your finding.

On another point with BTL: -

Buy-to-let lending tops £5 billion in second quarter

Lenders advanced 40,000 mortgages, worth £5.1 billion, to buy-to-let investors in the second quarter of 2013, according to data published today by the CML. Both the number of buy-to-let loans, and the value of lending, were the highest since the third quarter of 2008.

Buy-to-let lending is continuing to recover strongly, but from a low base. The number of loans advanced in the second quarter was 19% higher by volume and 21% higher by value than in preceding three months (when lenders advanced 33,500 mortgages, worth £4.2 billion). Year-on-year, buy-to-let lending was 19% higher by volume and 31% higher by value (33,600 loans in the second quarter of 2012, worth £3.9 billion).

Lending for house purchase accounted for around half the buy-to-let loans advanced, and increased by 15% by volume and 19% by value over the preceding quarter. But the growth in remortgaging was stronger, with an increase over the same period of 24% by volume and 29% by value. This growth in remortaging partly reflects improved conditions in funding markets and more widespread availability of mortgage credit.

By the end of June, buy-to-let mortgages accounted for 13.3% of outstanding lending in the UK (up from 13.1% in the preceding quarter and 12.9% a year earlier). The number of outstanding mortgages totalled 1.48 million, worth £168.5 billion.

Buy-to-let mortgages in arrears of over three months accounted for 8.4% of the total, up slightly from 8.3% in the preceding quarter but down from 9.7% a year earlier. The possession rate, at 0.09%, was higher than the 0.07% in the wider mortgage market, but fell from 0.11% in the previous quarter.

Commenting on the data, the CML's head of policy Jackie Bennett said:

"Strong rental demand is contributing to the continuing expansion of the buy-to-let sector, but growth is also being helped by improved conditions in funding markets and more widespread availability of mortgages. These conditions are creating more opportunities for landlords to remortgage, as well as helping to fund increased activity in the mortgage market more generally. This spring, we have seen the highest levels of lending to first-time buyers since 2007, alongside the continuing recovery in the buy-to-let market."

The-Joker

The-Smoker wrote: »

Wait until housing benefit is really cut back, then see how many tenants will be behind with the rent.

Looking like this will be the case if the tories win again, me Im voting labour all the way.

Percy1983

All the more reason to vote tory if you ask me, sky TV and cigarette companies should suffer the most.