Not a time to be a buy-to-let landlord

Shakethedisease

Looks like he's 'concerned' at the moment anyway.

The Bank of England has again expressed concern about the UK's buy-to-let property market.The Bank's governor, Mark Carney, said he was concerned about high levels of lending to landlords and that the Bank would take action.
"There are a number of things happening ... we are watching it closely and we will take action," he told the FT.
Mr Carney said in the interview that investors could seek to sell properties at the same time if house prices fell.
In September the Bank's Financial Policy Committee (FPC) made a similar warning about the buy-to-let market.

http://www.bbc.co.uk/news/business-35108952

padington

Concerned to insure positive house price inflation and no crash

Generali

Shakethedisease wrote: »

Looks like he's 'concerned' at the moment anyway.

http://www.bbc.co.uk/news/business-35108952

He's concerned enough to have asked for powers to intervene in the market to be able to force banks to reduce exposure to the sector.

mwpt

padington wrote: »

Property prices flying again in the third consecutive month of gains with a prediction of strong gains for 2016.

Also rents are soaring up.

http://www.cityam.com/230857/london-rents-cool-off-as-tenant-demand-softens

Figures published this morning by peer-to-peer mortgage lender Landbay show rents dropping 0.6 per cent compared with October. The monthly drop took annual London rental growth down to 3.1 per cent in November from 4.3 per cent. The dip in rental growth brings it more in line with pay growth.

padington wrote: »

Taxing the landlord is just a tax on the renter

Wow these renters are rich. I think the market will decide that, rather than you. It's not linear.

Electrum

Generali wrote: »

He's concerned enough to have asked for powers to intervene in the market to be able to force banks to reduce exposure to the sector.

The trend is going to be more tax on property one way or another, from now on tax raises on LLs and ALL real estate owners.

You never really own your house, the real owners can charge you whatever they like for having your name on the land registry, and if you dont like it then stop paying the taxes and see what happens.

Conrad

Electrum wrote: »

I have not raised them to work their butts off so idle landlords don't have to.

Your own pension / ISA is fed by dividends produced off the backs of other workers. You sit idly there watching the cash roll in by way of workers sweat that means there's less to pay them and to invest in the company.

A Landlord is akin to the person that kills and butchers their own meat, rather than leaving the dirty work to a third party. Those with equity investments leave the dirty work to a third party.

Conrad

Electrum wrote: »

The trend is going to be more tax on property one way or another, from now on tax raises on LLs and ALL real estate owners.

Typical income yield in buy to let is about 5%, not unreasonable, given the big risks and hassle involved (think how much hassle the upkeep and bills are on your one home, let alone having several of them).


Increased taxes = increased rents.
If your own pension / funds were suffering increased taxes, you would take action to mitigate / offset it, just as with people with property based investments.

Conrad

mwpt wrote: »

No, not sure I buy that. It sounds like protectionist propaganda from a BTL landlord. Besides, it works elsewhere, so we don't have to argue about theories, we have working examples in practice.

I owned a small cheap block in Germany. I assure you UK tenants enjoy rights that German tenants do not. I could give many live examples of tenants dealt with through my office running rings around good honest LL's.


Real abusive tenants that know every trick in the book, wreck the place and today one of these even having the bare faced cheek to claim his deposit must not be forfeited despite having cost the LL £10k in all, not to mention months of stress and sleeplessness. He may well win because he spends all day every day on forums like this learning new tricks (he does not work of course).

MFW_ASAP

Conrad wrote: »

Your own pension / ISA is fed by dividends produced off the backs of other workers. You sit idly there watching the cash roll in by way of workers sweat that means there's less to pay them and to invest in the company.

It would appear that this joker just sits on his backside and claims benefits while the rest of us work. His hypocrisy is comedy gold. :rotfl:

mwpt

Conrad wrote: »

Your own pension / ISA is fed by dividends produced off the backs of other workers. You sit idly there watching the cash roll in by way of workers sweat that means there's less to pay them and to invest in the company.

No, that is mostly untrue. Shares exist so that companies can use the equity for investment and growth. In order to obtain the equity they must offer a reward (dividend mostly, or potential for capital growth). These companies produce goods and services that enrich our lives (mostly, I don't want to get into semantics about tobacco or weapons). This is the productive capitalist economy at work.

A Landlord is akin to the person that kills and butchers their own meat, rather than leaving the dirty work to a third party. Those with equity investments leave the dirty work to a third party.

Your view is skewed. A borrow to let landlord commandeers a scarce resource through debt and then rents it back to the labourers you're talking about.

EDIT: I haven't been around this forum long enough to know, but it feels like I'm being trolled.