Buy-to-let investors who fear they may be left homeless

Pobby

brit1234 wrote: »

I know some buy to let investors really starting to panic now. They either can't get mortgages for new property or remortgages for existing properties. They are running round like a headless chicken from one lender to another. All their favourite lenders have gone so they are constantly chasing the next best lender before they stop lending. There are almost no lenders left for them as of this Tuesday whhich is raising their fear levels.:D

It great.

Yes.As predicted some years back.Folk were saying it would be the newbie buy to let merchants bailing out first.Then we didn`t factor in a ``credit crunch``that is going to make matters far worse.Then add to that all the new build that is still to be sold.Doesn`t look so good,does it.

clutton_2

""I don't doubt that lots of ordinary people have been duped by unscrupulous developers etc.""

there have been thousands and thousands of ordinary folks, just trying to buy an additional property for their pension (and what is wrong with that - we all know there will be precious little pension money for our kids) - and they have been duped and duped again by unscrupulous developers who have lied and lied and lied - and had incorrect prices put on the Land Registry (to back up their lies). It is an enormous scandal, and i think we are now just seeing the tip of the iceberg - when all the rest of the "over"-valuers-developers are brought to court (and some have already) we will see just how many folks have been cheated.

i find it sad that there is so much "gloating" on here whenever someone loses out on what they thought was a possible investment for their future.

granville_2

The two people mentioned in the Guardian article are suckers, plain & simple. They would have lost money whatever they had invested in.

Can we start a Darwin Award for people & financial disasters?
:rotfl:

MrDT

Turnbull2000 wrote: »

Geoff Morris - How to achieve financial freedom

Today's Guardian...

Oops!!

BWAHAHAHAHAHAHAHA! :rotfl:

poppy10_2

Lotus-eater wrote: »

http://horizonportfolios.com



I'm tempted to gain "immediate" access and see if I still get bumf sent through

Looks like it is just a copy-and-paste american template site - he's just added in his name. The site still uses dollars and american spellings.

http://www.propertyhorizons.com/about-us-p1.html

I tried giving him a call but his phone is on answerphone. Sounds like a right smarmy git anyway.

Lotus-eater

poppy10 wrote: »

Looks like it is just a copy-and-paste american template site - he's just added in his name. The site still uses dollars and american spellings.

http://www.propertyhorizons.com/about-us-p1.html

I tried giving him a call but his phone is on answerphone. Sounds like a right smarmy git anyway.

This sounds interesting from that page

For A Preview of "Property 911 - the TRUE Story" when it is released later this year

Is that anything to do with him. Is it about when his property empire collapses? Somehow I'm not that surprised his phone is on answermachine, I'm sure there are many people that would like a word.

Generali

michaels wrote: »

There seems to be a misunderstanding about bubbles - many people buy the upslope knowing it is a bubble because they think they will be able to get out a bit nearer the top, either on the way up or the way down. Its not that they don't know it is a buble it is just a matter of the timing. And many of the gloaters have got it wrong over the past few years forecasting the end of the bubble much sooner than it actually came. If you had sold to rent 3 years ago you would be much worse off now than if you had stayed in and sold today - yes the chance to sell at the peak has been missed but it is still much higher than 3 years ago. It is not hard to recognize a bubble and of course it is possible to stay out of the market but missing the up as well as the down is generally costly, the log term return on housing (or shares) beats cash hands down.

Not in my experience. People buy into a bubble because they believe that something has changed to allow for a wholesale revaluation of that asset class or that a new sort of asset has come into being that is worth a lot more than at present.

Usually that evidence is based on a few months or years of rises in value and also a lack of understanding of how compound interest works.

fc123

Generali wrote: »

Ah but the bubble message is particularly seductive.

You've got a few quid. You're no minimum wage slave and you haven't blown all your cash on plasma screen tellies and holidays. You work hard and fly straight.

You're a bright lad and canny too and with a bit of careful analysis can see that the future is in trading monopolies/the internet/houses/Turkish flowers popular with the Dutch (delete as applicable).

Your thrift, hard work and brains will now take you to the next level financially which is where you really belong.

That's the thing with the bubble message, it's even better than money for nothing because it flatters people so beautifully.

Q; Where is Dangerman??
Each generation thinks it has a new 'foolproof'way of doing things..........

m00m00

fc123 wrote: »

Q; Where is Dangerman??
Each generation thinks it has a new 'foolproof'way of doing things..........

that's because it's 'different this time'

CYBERCIDERSAVER

Another perfect example of the ridiculous loophole that is Gifted deposits.

And another chance to plug my petition about banning them on the No. 10 website....

http://petitions.pm.gov.uk/BAN-GDs/


:cool: