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Buy to Let Mortgages
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JoeK_3
Posts: 1,374 Forumite
As interest rates increase and the risks also, is it the end of the road for the buy to let market?
As property prices have been predicted to crash, is it time to bail out of the buy to let market?
What do landlords think?
Where do you invest for safety?
What do mortgage brokers thinks?
Where will your future mortgage market be?
http://money.guardian.co.uk/creditanddebt/debt/story/0,,2065344,00.html
Are you ready?
JoeK
As property prices have been predicted to crash, is it time to bail out of the buy to let market?
What do landlords think?
Where do you invest for safety?
What do mortgage brokers thinks?
Where will your future mortgage market be?
http://money.guardian.co.uk/creditanddebt/debt/story/0,,2065344,00.html
Are you ready?
JoeK
I am an Independent Financial Adviser.
Anything posted on this forum is for discussion purposes only. It should not be considered financial advice. Different people have different needs and what is right for one person may be different for another. If you feel an area discussed may be relevant to you, then please seek advice from an Independent Financial Adviser who can advise you after finding out more about your situation.0
Comments
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Buy to let is still viable in the right areas, and with a substantial deposit. As prices have risen there is greater demand for rental property.
The folk who will get their fingers burned are buying off-plan with builder deposits - they can't seem to grasp that the prices are inflated to cover this.I am a Mortgage AdviserYou should note that this site doesn't check my status as a Mortgage Adviser, so you need to take my word for it.This signature is here as I follow MSE's Mortgage Adviser code of conduct. Any posts on here are for information and discussion purposes only and shouldn't be seen as financial advice.0 -
This is not necessarily my own thoughts on the matter but you may find this interesting....
http://www.mortgageintroducer.com/story.asp?storycode=20550§ioncode=4&navcode=44I am a Mortgage Adviser
You should note that this site doesn't check my status as a mortgage adviser, so you need to take my word for it. This signature is here as I follow MSE's Mortgage Adviser Code of Conduct. Any posts on here are for information and discussion purposes only and shouldn't be seen as financial advice.0 -
Anyone who is still investing in BTL is an idiot. Pure and simple.
You missed the boat over 2 years ago, you morons!Baddass Mofo0 -
SloppySaver wrote: »Anyone who is still investing in BTL is an idiot. Pure and simple.
You missed the boat over 2 years ago, you morons!
that's really too simplistic - in certain areas I would agree but there are a lot of places with still relatively low house prices and high rental demand.I am a Mortgage AdviserYou should note that this site doesn't check my status as a Mortgage Adviser, so you need to take my word for it.This signature is here as I follow MSE's Mortgage Adviser code of conduct. Any posts on here are for information and discussion purposes only and shouldn't be seen as financial advice.0 -
Well, as a mortgage adviser you would say that.
I cant imagine you saying "hold on for a couple of years, put your money ina 2 year bond for safekeeping because there is a crash coming and that 100k BTL opportunity will cost you 80K in 2 years time, plus you'll have made a few k on your money while u wait". If you did that, then you'd go bust!
You dumbass!Baddass Mofo0 -
SloppySaver wrote: »Well, as a mortgage adviser you would say that.
I cant imagine you saying "hold on for a couple of years, put your money ina 2 year bond for safekeeping because there is a crash coming and that 100k BTL opportunity will cost you 80K in 2 years time, plus you'll have made a few k on your money while u wait". If you did that, then you'd go bust!
You dumbass!
which bond would that be, and when is the "crash" coming? Why wouldn't I advise a bond investment? The doom mongers were spreading the same story 2 years ago, and if they had taken your "advice" then their £100k would be worth £110k, and not the £140K they have achieved through buy to let in my area.
there are risks, as with any investment but if people go in for the medium/long term with their eyes open there are still opportunites.
I wouldn't want your pathetic ramblings to prevent someone making an informed choice.I am a Mortgage AdviserYou should note that this site doesn't check my status as a Mortgage Adviser, so you need to take my word for it.This signature is here as I follow MSE's Mortgage Adviser code of conduct. Any posts on here are for information and discussion purposes only and shouldn't be seen as financial advice.0 -
Do you have some research/evidence to back up your comments sloppy?I am a Mortgage Adviser
You should note that this site doesn't check my status as a mortgage adviser, so you need to take my word for it. This signature is here as I follow MSE's Mortgage Adviser Code of Conduct. Any posts on here are for information and discussion purposes only and shouldn't be seen as financial advice.0 -
MortgageMamma wrote: »Do you have some research/evidence to back up your comments sloppy?
Just what he's seen on Beavis & Butthead I reckonI am a Mortgage AdviserYou should note that this site doesn't check my status as a Mortgage Adviser, so you need to take my word for it.This signature is here as I follow MSE's Mortgage Adviser code of conduct. Any posts on here are for information and discussion purposes only and shouldn't be seen as financial advice.0 -
SloppySaver wrote: »Well, as a mortgage adviser you would say that.
!
I am a Mortgage Adviser as well as an Independent Financial Adviser and have put the thread together to get people's opinoins. Whilst the thread is suggesting a correction, it is nice to have and hear everyones opinionSloppySaver wrote: »I cant imagine you saying "hold on for a couple of years, put your money ina 2 year bond for safekeeping because there is a crash coming and that 100k BTL opportunity will cost you 80K in 2 years time, plus you'll have made a few k on your money while u wait". If you did that, then you'd go bust!
!
Most mortgage advisers work in all areas of the mortgage market other than Buy to Let mortgages and if this sector went down, there would be other sectors available to work in, remortgages for instance.SloppySaver wrote: »You dumbass!
What does that mean?
JoeKI am an Independent Financial Adviser.Anything posted on this forum is for discussion purposes only. It should not be considered financial advice. Different people have different needs and what is right for one person may be different for another. If you feel an area discussed may be relevant to you, then please seek advice from an Independent Financial Adviser who can advise you after finding out more about your situation.0 -
Just what he's seen on Beavis & Butthead I reckon
Oh shut up you big Dumbass!;) :rotfl:I am a Mortgage Adviser
You should note that this site doesn't check my status as a mortgage adviser, so you need to take my word for it. This signature is here as I follow MSE's Mortgage Adviser Code of Conduct. Any posts on here are for information and discussion purposes only and shouldn't be seen as financial advice.0
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