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buy-to-let will lose money in 91pc of regions

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Comments

  • Mistermeaner
    Mistermeaner Posts: 3,024 Forumite
    Part of the Furniture 1,000 Posts
    Well that looks like the end of that discussion
    Left is never right but I always am.
  • ging84
    ging84 Posts: 912 Forumite
    Part of the Furniture Combo Breaker
    wymondham wrote: »
    So what happens when private landlords offload their property? who will perform the role of Britains social housing then?

    No one
    all the houses will be sold foreign investors and shipped away brick by brick to asia without btl landlords performing thier vital role
  • westernpromise
    westernpromise Posts: 4,833 Forumite
    kinger101 wrote: »
    I believe the average advance on a BTL is around 66% (which includes remortgages).

    IIRC the average mortgaged house has 55% equity in it so not so very different.
  • MobileSaver
    MobileSaver Posts: 4,376 Forumite
    Part of the Furniture 1,000 Posts Name Dropper
    Thrugelmir wrote: »
    Vast majority of BTL are highly leveraged.

    Do you have any evidence of this or have you just made that up?
    Every generation blames the one before...
    Mike + The Mechanics - The Living Years
  • mwpt
    mwpt Posts: 2,502 Forumite
    Sixth Anniversary Combo Breaker
    tkane wrote: »
    A lot of Buy to let properties are bought for cash. I remember reading a statistic that about 40% of all London transactions involve no mortgage.

    Staggering amount of wealth about...

    No mortgage that you or I can see. A friend of mine bought a property in Spain for "cash". The "cash" came from remortgaging his London home.
  • wotsthat
    wotsthat Posts: 11,325 Forumite
    mwpt wrote: »
    No mortgage that you or I can see. A friend of mine bought a property in Spain for "cash". The "cash" came from remortgaging his London home.

    I'm in the same situation with my second home. Second place owned outright and about 50% LTV on my main home. Total LTV about 30%.

    i.e. not highly leveraged and neither is your friend.
  • mayonnaise
    mayonnaise Posts: 3,690 Forumite
    Thrugelmir wrote: »
    Vast majority of BTL are highly leveraged.
    Graham_Devon wrote: »
    (silence)
    cells wrote: »
    majority of BTL has no mortgage at all...
    Graham_Devon wrote: »
    Evidence? or just another made up statistic?

    Love it how just cells has to provide evidence. :)
    Don't blame me, I voted Remain.
This discussion has been closed.
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