New Members
  • Content count

  • Joined

  • Last visited

About monkey100

  • Rank
    HPC Poster

    Just wanted to quickly pop on here to say we have had a sudden influx of landlords sprucing up BTL houses (mostly student) and then putting them for sale. Lots of reductions locally too and today an unprecedented 102 new properties on RM with more than half reduced by biggish chunks. A lot of places at 300 or close too presumably because of the stamp duty and a real variation in them in terms of size style location and what they would have been marketed at a year ago. This really feels like it is it here nothing selling and agents being oddly NICE
  3. The Brighton mega bubble

    I live in brighton Some of the cheaper areas are really dire and nowhere near schools and transport etc so you end up spending the difference to get anywhere. It is really dreadful I work in property (maintenance not sales) and there has been a quite big shift in buy to let landlords selling up but thats the only thing I've noticed. It is a lot slower here but prices still insane and everything sells eventually.
  4. The rent received is 1100 per month the mortgage is 190
  5. Do you think its possible for someone to have had a BTL mortgage on a flat for 12 years and never have been contacted re tax or anything in all that time?
  6. A lot of people I know with properties that have gone up in value have remortgaged to accommodate their extravagant lifestyles and/or spend according to teh value they think is in their home that they could release of they ever needed to
  7. Rightmove Aug 17 -0.9% MoM

    Agents here in brighton put sold and then they appear to let within a few days. Quite a few that I thought had sold around Xmas are back on so I think they were let on 6 month tenancies and those are now up
  8. How does this happen? Is there no registry or anything? I know someone who has a BTL since 2008 and never paid a penny although he rents it to a family member so that may make it different

    I mainly look at BN1 and BN2 not Hove

    Things are speeding up here We have very little new university LL work and think we will be seeking to spread wings into different sectors now like Holiday homes etc Prices still falling here Last 24hrs rightmove 72 listings with 43 of those reductions of at least 25k
  11. Stamp Duty

    I really don;t know what she is complaining about She is at a massive advantage having 2 houses and has no comprehension that her purchasing a house elsewhere probably outpriced a local so that she could 'invest'
  12. Stamp Duty Aw suspect will be seeing a lot more of this
  13. Daily Mail...we are on the brink
  14. From what I can tell at work (maintenance co for BTL) lots of the university landlords bought biggish ex council houses and paid a premium as the valuation was done on potential letting income eg 500 per month per room in a bog standard 3 bed which they fiddled into a 5 bed by using living and dining rooms as bedrooms. This meant houses in not great areas here in brighton were selling for 400k plus and were being sold in days. Most of the landlords we do work for are now trying to spruce up to sell and cancelling ongoing maintenance contracts with us but they are selling into owner occupier market and value has dropped sharply to around 300k and they re freaking out