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BTL only for the rich now

sarkin
sarkin Posts: 785 Forumite
in Mortgages & endowments
http://news.bbc.co.uk/1/hi/business/7083446.stm

Looks like its all over for btl and are we surprised

Comments

  • Mr_helpful
    Mr_helpful Posts: 3,233 Forumite
    sarkin wrote: »
    http://news.bbc.co.uk/1/hi/business/7083446.stm

    Looks like its all over for btl and are we surprised

    I'd love to know which lenders accepted an 8% deposit for BTL in 2002. Obviously written by some jealous journalist who didnt buy at the right time
    I like to give people as many choices as possible to do what I want them to. (Milton H Erickson I think)
  • sarkin
    sarkin Posts: 785 Forumite
    I think that was the average thats why it looks strange. I'm not a great fan of averages I think it always helps to look at the mean and the mdeium.
  • chelseablue
    chelseablue Posts: 3,303 Forumite
    Part of the Furniture 1,000 Posts Name Dropper
    sarkin wrote: »
    http://news.bbc.co.uk/1/hi/business/7083446.stm

    Looks like its all over for btl and are we surprised

    Indeed, excuse me if I dont lose any sleep tonight
  • dunstonh
    dunstonh Posts: 121,163 Forumite
    Part of the Furniture 10,000 Posts Name Dropper Combo Breaker
    With rental yields so low and potential for growth appearing to be low, I would say its over for everyone except the experienced landlords and builders who know where to pick up properties below realistic value and have decent rental yields
    I am an Independent Financial Adviser (IFA). The comments I make are just my opinion and are for discussion purposes only. They are not financial advice and you should not treat them as such. If you feel an area discussed may be relevant to you, then please seek advice from an Independent Financial Adviser local to you.
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