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Rents' Are Soaring!!!!!!!!!!
Comments
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And before anyone mentions this myth about 15% deposits for BTL, don't forget that the 15% more likely than not has been MEWed from another property. In effect meaning most BTLs are actually bought with 100% mortgages.
Utter b0llocks, some may be but not more likely than not.
Even if they have MEWed, they would still have had to maintain an LTV on their original property essentially meaning that both properties were acceptable to the risk ratio.:wall:
What we've got here is....... failure to communicate.
Some men you just can't reach.
:wall:0 -
Very true, if you have good tenants, be a good landlord and try to keep them. both parties can benefit from a good relationshipGuy_Montag wrote: »Good tenants are probably worth keeping rather than losing them.Guy_Montag wrote: »I posted this elsewhere recently - not that it proves rents are dropping, only that asking rents are dropping in one area. Thanks PropertyBee.
This does not mean prices have dropped, just the asking price.
If the property was previously rented out for 350 per month and the rent asking price increased to 450 per month before dropping to 400 per month then this is still a rent increase (if a tenant is found) despite the asking price being reduced.
I also notice that in your example, the price on all three dropped within 2 days of being entered. It's possibly that the wrong information was initially entered and then corrected.:wall:
What we've got here is....... failure to communicate.
Some men you just can't reach.
:wall:0 -
if its going to be harder to get credit and mortgage deals then landlords are surely more likely to increase rent because they are in the driving seat if demand is going to be higher in rental than ownershipThe average woman would rather have beauty than brains,
because the average man can see better than he can think.
Many people's view of the world is down to their experience, perception and what they have been conditioned to,this isnt any old MSE reply this is a important and experienced MSE reply :rotfl:0 -
santashelper wrote: »if its going to be harder to get credit and mortgage deals then landlords are surely more likely to increase rent because they are in the driving seat if demand is going to be higher in rental than ownership
Also with all the droves of BTL's being sold after April 01st (reported on here) there will be less rental property available
:wall:
What we've got here is....... failure to communicate.
Some men you just can't reach.
:wall:0 -
Well, my very nice tenants agreed to the 4% increase in rent and a 6 month tenancy with a 3 month break clause rather than two 3 month tenancy's where I have to pay charges to the LA twice :rolleyes:
I'm happy with that
Whether you think you can or you can’t, you’re probably right ~ Henry Ford0 -
IveSeenTheLight wrote: »Also with all the droves of BTL's being sold after April 01st (reported on here) there will be less rental property available
Are you sure it is not the 6th of April ?All my life my mother told me the storm was coming (c) Terminator 30 -
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PasturesNew wrote: »No. I have class and find them tacky.
.
Penarth is not tacky, of course you have to live in the right part, as you do in all places and perhaps not a studio flat.0
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