Funding for Lending extended to Buy-to-let?

Turnbull2000

http://blogs.channel4.com/faisal-isl...-lending/18112

Looks like another shot in the arm for house prices is imminent.

Turnbull2000

Another source...

http://www.edmundconway.com/2013/04/funding-for-what/

this will encompass buy-to-let providers such as Paragon and Precise, it will leave the Bank and Treasury open to the accusation of trying to inflate another bubble in the housing market (alongside the Help to Buy scheme).

With the BoE set to suppress savings rates till 2019, seems there's only one place the government want you to put your money - property.

My forecast of double digit UK HPI in 2014 is looking ever more reasonable by the week.

Graham_Devon

Things get ever more desperate it seems.

Funding for lending for BTL's on interest only mortgages really is scrapping the bottom of that barrel.

Like how the article mentions all the failed projects beforehand.

Turnbull2000

Graham_Devon wrote: »

Things get ever more desperate it seems.

Funding for lending for BTL's on interest only mortgages really is scrapping the bottom of that barrel.

Like how the article mentions all the failed projects beforehand.

Yup, BTL could be heading for quite a frenzy next year. The gov are doing everything possible to push prices higher and higher. First-time-buyers will need plenty of assistance to enable them to compete for our limited property supply. Guess that's where Help to Buy comes in.

Graham_Devon

Turnbull2000 wrote: »

Yup, BTL could be heading for quite a frenzy next year. The gov are doing everything possible to push prices higher and higher. First-time-buyers will need aplenty of assistance to enable them to compete for limited property supply. Guess that's where Help to Buy comes in.

Yep - and look what they have achieved with all their projects...

Turnbull2000

Graham_Devon wrote: »

Yep - and look what they have achieved with all their projects...

London and large swathes are the SE have risen quite strongly. And other than rubbish new build flat, everywhere else probably been fairly static. Very few people are actually selling at a loss.

But the support mechanisms now emerging are on another level, and will be combined with substantial population growth and very little house building since 2008. Afraid 2013 could be the last chance to buy somewhere at current prices levels, as state support will be priced into values from 2014.

the_flying_pig

a magnificent policy, this FFL .

TruckerT

I really wish I could understand why so many people complain bitterly about the increases in food prices and petrol prices, but celebrate increases in property prices.

TruckerT

Sibley

I think the reason they have done this.
Renters have been given the chance to get out of the hole.
They haven't taken it. Better let the people with a bit of go in them earn more.

Thrugelmir

Paragon lent £184 million for BTL according to their 2012 accounts.

To put that number in perspective.

HSBC advance around £59 million per working day in mortgage advances.

So hardly making an impact.

Graham_Devon

Turnbull2000 wrote: »

London and large swathes are the SE have risen quite strongly. And other than rubbish new build flat, everywhere else probably been fairly static. Very few people are actually selling at a loss.

But the support mechanisms now emerging are on another level, and will be combined with substantial population growth and very little house building since 2008. Afraid 2013 could be the last chance to buy somewhere at current prices levels, as state support will be priced into values from 2014.

Like 2010,11 and 12?

One thing that is guarenteed is that within 6 months, a new project will have you saying "this is going to see prices rise".