Wow!

GeorgeHowell

Bantex wrote: »

I have my own small business. Doubt if could spend as much time poncing about on here if I worked for someone else.

Depends on who you were working for and what doing. I believe that a lot of companies pay people to spend inordinate amounts of time poncing about on computers with personal stuff. This is especially true of companies that don't block things like eBay, Facebook, Rightmove, and Trip Advisor on their servers, because they think that allowing that latitude is good for "inclusivity".

IveSeenTheLight

PasturesNew wrote: »

At least it'd be a more level playing field! I'd be competing against others who were up against the same issues, so could look at ways to improve my position and feel assured it was achievable.

When I see BTLers swooping and scooping I just think "no point trying is there..... they'll always be able to out-swoop and out-scoop me".

Sorry PN, but that is a defeatist attitude and not necessarily reflective of what can happen in the marketplace.

I've invested in BTL's and can recall I offered on one flat that I was significantly outbid by a FTBer.
I was not perturbed at missing out on the opportunity as I had completed by business model and the money offered was not viable as an investment.

My recommendation is to offer what you believe a property is worth to you and the market will determine whether that is sufficient or not.

Of course, to increase likelihood of being successful, you must put in a realistic offer.

IveSeenTheLight

Bantex wrote: »

I have my own small business. Doubt if could spend as much time poncing about on here if I worked for someone else.

Interesting.
What is your small business?

Bantex_2

IveSeenTheLight wrote: »

Interesting.
What is your small business?

Selling IT stuff to other businesses. Why do you ask?

IveSeenTheLight

Bantex wrote: »

Selling IT stuff to other businesses. Why do you ask?

I'm just interested in what you do as a small business as you are filling a gap in the market in order to be successful.

Same with supermarkets who sell food

Or home builders who supply homes

Or Energy companies who produce utility and fuel energy

Or BTL who supply rental homes

Each is a business where there is a gap in the market in order for that business to fulfill.

None are parasites and have adapted to meet the needs of the population for that particular product.

You've chosen BTL to lambast, but the root cause is a chronic shortage of homes. This was created through the government policy of selling off social housing under the RTB scheme.

Simply put, if there was an excess of private and social housing, you would not be seeing the BTL business as it is today, but would indeed actually have a different type of problem.

Bantex_2

IveSeenTheLight wrote: »

I'm just interested in what you do as a small business as you are filling a gap in the market in order to be successful.

Same with supermarkets who sell food

Or home builders who supply homes

Or Energy companies who produce utility and fuel energy

Or BTL who supply rental homes

Each is a business where there is a gap in the market in order for that business to fulfill.

None are parasites and have adapted to meet the needs of the population for that particular product.

You've chosen BTL to lambast, but the root cause is a chronic shortage of homes. This was created through the government policy of selling off social housing under the RTB scheme.

Simply put, if there was an excess of private and social housing, you would not be seeing the BTL business as it is today, but would indeed actually have a different type of problem.

Difference is that we are not taking advantage of a shortage and causing problems for others. If we lease a piece of equipment to someone, this does not stop someone else from buying as production will be upped to fill the demand. So nol comparison really.

IveSeenTheLight

Bantex wrote: »

Difference is that we are not taking advantage of a shortage and causing problems for others.

It's interesting when you self reflect you often overlook some key factors.

Where do you source your products from?

I'm guessing being "IT Stuff" there is a huge likelihood (in order to be competitive) that you have sourced from overseas.

Surely this is directly affecting the opportunities for employment in the UK

How does this sit in with your philosophy of not causing a problem with others?

Surely your philosophy would edict that you should procure from UK manufacturers (note manufacturers, not suppliers) and not from overseas

I therefore repeat, the gap was created by the governments who sold through the RTB scheme.
There was a need for rental properties, hence a gap emerged which made it financially viable as a business to invest in.
BTL properties have only PARTIALLY filled the gap created by social housing sell off and indeed the PM has cited there is a need for more private renting properties

You may find this interesting
https://www.gov.uk/government/policies/improving-the-rented-housing-sector--2/supporting-pages/private-rented-sector

Private rented sector

The private rented sector has grown and improved enormously in recent years and accounts for approximately 16.5% of all households, or nearly 3.8 million homes in England.

The private rented sector offers a flexible form of tenure and meets a wide range of housing needs. It contributes to greater labour market mobility and is increasingly the tenure of choice for young people.

The government wants to see a bigger and better private rented sector and believes that the most effective way to make rents more affordable is to increase the supply of new homes.

We are investing £1 billion in a Build To Rent Fund, which will provide equity finance for purpose-built private rented housing, alongside a £10 billion debt guarantee scheme to support the provision of these new homes; and up to 30,000 additional affordable homes.

Bantex_2

IveSeenTheLight wrote: »

It's interesting when you self reflect you often overlook some key factors.

Where do you source your products from?

I'm guessing being "IT Stuff" there is a huge likelihood (in order to be competitive) that you have sourced from overseas.

Surely this is directly affecting the opportunities for employment in the UK

How does this sit in with your philosophy of not causing a problem with others?

Surely your philosophy would edict that you should procure from UK manufacturers (note manufacturers, not suppliers) and not from overseas

I therefore repeat, the gap was created by the governments who sold through the RTB scheme.
There was a need for rental properties, hence a gap emerged which made it financially viable as a business to invest in.
BTL properties have only PARTIALLY filled the gap created by social housing sell off and indeed the PM has cited there is a need for more private renting properties

You may find this interesting
https://www.gov.uk/government/policies/improving-the-rented-housing-sector--2/supporting-pages/private-rented-sector

We do source some product from overseas, but all support, programming, installation is UK based.

The point I am making is that the supply is limitless and rather than just filling a gap in the market we actually create a gap by introducing new ways of doing things and helping our customers expand and grow their businesses.

Wheras every home bought by an investor is one less home for an owner occupier. BTL produces no wealth apart from a few quid for the landlord, in fact research shows that rental properties tend to have less spent on them than owner occupied.

Percy1983

Bantex wrote: »

Difference is that we are not taking advantage of a shortage and causing problems for others. If we lease a piece of equipment to someone, this does not stop someone else from buying as production will be upped to fill the demand. So nol comparison really.

Don't worry about it they have attacked my business before for offering an affordable service which doesn't stop anybody else doing the same and there is no short of stock for me to buy to to increase prices.

It even went as far as saying I should work with children as a don't have a DBS (CRB) check in place, yet nobody ever asked if I did (for information I do have an always valid check thanks to the DBS update service).

In short don't bother arguing, as the more you can defend how you run your business (I guess in a moral way with the best of intentions) the more they will make to try and make you look bad.

IveSeenTheLight

Bantex wrote: »

The point I am making is that the supply is limitless

Ah, here you understand the difference.
The problem is that there is not a limitless supply of properties, yet still a huge need for rental properties.

BTL is simply filling a gap for those in NEED to rent.

It is naive to think that every property could be owner occupied and even if the magic wand could be waved, there is still a shortage.

The balance between rental and owner occupied property is a fine balance and where there is a shortage of properties for the demand, it pushes up prices of both rents and prices until the demand is effectively reduced.

This does not mean that demand has totally eased, but it has reverted to desire.