Is BTL still worth it

silvercar

ReadySteadyPop said:

newsgroupmonkey_ said:

BikingBud said:

Also anticipated and historic capital growth figures might have run their course and where previously you knew the properties was gaining year on year, you might now find that capital is also under threat.

Can I ask, are you, like Crashy, renting?

It sounds to me like you missed a bubble and are bitter about it.
I don't see this changing anytime soon. Obviously, peaks and troughs happen, but overall, property has always beaten inflation.

And as gets pointed out, there's a housing crisis in many parts of the country - there just isn't enough to go round.

Where do all the people live?

With their parents, in HMOs, lodging with people who did buy….

ReadySteadyPop

silvercar said:

ReadySteadyPop said:

newsgroupmonkey_ said:

BikingBud said:

Also anticipated and historic capital growth figures might have run their course and where previously you knew the properties was gaining year on year, you might now find that capital is also under threat.

Can I ask, are you, like Crashy, renting?

It sounds to me like you missed a bubble and are bitter about it.
I don't see this changing anytime soon. Obviously, peaks and troughs happen, but overall, property has always beaten inflation.

And as gets pointed out, there's a housing crisis in many parts of the country - there just isn't enough to go round.

Where do all the people live?

With their parents, in HMOs, lodging with people who did buy….

Actual homeowners, without mortgage debt, probably wouldn`t entertain the idea of lodgers because it is a shortcut to a less favourable quality of life but if people are living somewhere and they won`t buy at today`s prices that doesn`t bode well for multi-property borrowers who get into trouble?

BikingBud

newsgroupmonkey_ said:

BikingBud said:

Also anticipated and historic capital growth figures might have run their course and where previously you knew the properties was gaining year on year, you might now find that capital is also under threat.

Can I ask, are you, like Crashy, renting?

It sounds to me like you missed a bubble and are bitter about it.
I don't see this changing anytime soon. Obviously, peaks and troughs happen, but overall, property has always beaten inflation.

And as gets pointed out, there's a housing crisis in many parts of the country - there just isn't enough to go round.

No mate, homeowner! So what?

But I'm unsure who crashy is and I'm also unsure why anybody who feels HPI has screwed over the generations to come get berated so much on a money saving site. In the same way that carpet bagging killed off building societies for instant gain and gratification, we seldom consider the longer term aspects of the immediate greed so many people showed.

And perhaps most relevant, unsure why you feel it necessary to have a personal dig at a post that appropriately advises a naive poster of the reality of the world of BTL ownership.

ReadySteadyPop

daveyjp said:

No different than it has ever been, right property in the right location and it is a good option, but its not a passive investment.

A few of the properties around us are BTL, one tenant has served notcice and the landlord has had viewings every day for about a week.  The rent he will achieve is about 25% more than the current passing rent.

I disagree, the credit conditions that made BTL an option for the masses are gone, different world now, as many posters have said the OP is best to steer well clear of BTL debt.

ReadySteadyPop

https://thenegotiator.co.uk/news/rental-market/buy-to-let-exodus-hits-prs-savills-warns-landlords/

Are they actually selling though, or just advertised for sale, the affordability for the average person who would purchase an ex- BTL is WAY lower than it used to be?

BikingBud

@newsgroupmonkey_

Thanks for the apology mate!

ReadySteadyPop

silvercar said:

ReadySteadyPop said:

newsgroupmonkey_ said:

BikingBud said:

Also anticipated and historic capital growth figures might have run their course and where previously you knew the properties was gaining year on year, you might now find that capital is also under threat.

Can I ask, are you, like Crashy, renting?

It sounds to me like you missed a bubble and are bitter about it.
I don't see this changing anytime soon. Obviously, peaks and troughs happen, but overall, property has always beaten inflation.

And as gets pointed out, there's a housing crisis in many parts of the country - there just isn't enough to go round.

Where do all the people live?

With their parents, in HMOs, lodging with people who did buy….

Living with parents can work for some people, I spoke to someone a while back saving about 2k a month living with parents, no idea if the landlord found another tenant though.

Albermarle

ReadySteadyPop said:

daveyjp said:

No different than it has ever been, right property in the right location and it is a good option, but its not a passive investment.

A few of the properties around us are BTL, one tenant has served notcice and the landlord has had viewings every day for about a week.  The rent he will achieve is about 25% more than the current passing rent.

Makes you wonder how the media can come up with stories like this....

https://www.telegraph.co.uk/money/property/house-prices/properties-for-sale-flood-market-house-prices-plumment/

I found this comment confusing;

"This is not primarily a market correction prompted by falling demand, but one triggered by an inescapable imbalance: too many sellers, not enough serious buyers.”

I would have thought that was textbook "lack of demand"!

Firstly it is best not to believe everything you read in the 'newspapers', especially ones desperate for clickbait traffic.

However assuming there is some truth in it, then your average buyer living in a typical UK town, is unlikely to come across any second home sellers, and will probably veer away from most ex BTLs as they tend to be not the best located, ( or may still have a sitting tenant) although some might be OK.
Seeing the experience of a family member house hunting for over a year, it is still not easy finding suitable property when you have certain criteria to pass,  including price levels,  and I do not think they would be unusual in that. 

MEM62

ReadySteadyPop said:

newsgroupmonkey_ said:

BikingBud said:

Also anticipated and historic capital growth figures might have run their course and where previously you knew the properties was gaining year on year, you might now find that capital is also under threat.

Can I ask, are you, like Crashy, renting?

It sounds to me like you missed a bubble and are bitter about it.
I don't see this changing anytime soon. Obviously, peaks and troughs happen, but overall, property has always beaten inflation.

And as gets pointed out, there's a housing crisis in many parts of the country - there just isn't enough to go round.

Where do all the people live?

House sharing, inter-generational families in one house, kids not leaving home until later in life and such like..  

ReadySteadyPop

Albermarle said:

ReadySteadyPop said:

daveyjp said:

No different than it has ever been, right property in the right location and it is a good option, but its not a passive investment.

A few of the properties around us are BTL, one tenant has served notcice and the landlord has had viewings every day for about a week.  The rent he will achieve is about 25% more than the current passing rent.

Makes you wonder how the media can come up with stories like this....

https://www.telegraph.co.uk/money/property/house-prices/properties-for-sale-flood-market-house-prices-plumment/

I found this comment confusing;

"This is not primarily a market correction prompted by falling demand, but one triggered by an inescapable imbalance: too many sellers, not enough serious buyers.”

I would have thought that was textbook "lack of demand"!

Firstly it is best not to believe everything you read in the 'newspapers', especially ones desperate for clickbait traffic.

However assuming there is some truth in it, then your average buyer living in a typical UK town, is unlikely to come across any second home sellers, and will probably veer away from most ex BTLs as they tend to be not the best located, ( or may still have a sitting tenant) although some might be OK.
Seeing the experience of a family member house hunting for over a year, it is still not easy finding suitable property when you have certain criteria to pass,  including price levels,  and I do not think they would be unusual in that. 

In my experience most BTL properties are in better locations ( for shops, pubs, nightlife etc.) than many New-Build type estates, some of which have a shocking lack of amenities nearby.