Patient London FTB

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About Patient London FTB

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  1. Btl Scum Regrouping And On The Offensive. -- Merged

    So much for the just raise the rents innit strategy ... Rent rises continued to slow in 2017, hitting £895 at the end of the last quarter, up 1.5% annually. This compared with 2.4% a year ago. Tenant demand is also growing more slowly too. Just 5% more landlords reported rising tenant demand than those reporting it fall, the lowest balance in at least five years. Kent Reliance’s lending data shows that in the first three quarters of 2017, seven in ten buy-to-let applications for house purchase were via limited companies, up from 45% in 2016 as a whole.
  2. Buy To Let Finance Watch

    Another factor is the hike reduces the amount new BTL buyers are willing to pay for your property, and by extension hits your lender's valuation of your property and chips away at your LTV.
  3. Reduced For 1 Day Only....

    lol just under the stamp duty 'saving' threshold, so they're trying to whip up some competitive bidding from FTBs
  4. The Death of London

    Newer data here, for the following quarter, directly from the rail regulator. London and South East journeys down 4.5% year on year in the most recent quarter!
  5. The Death of London

    Good call. I'd add a couple of other things to watch. 1) High rents in London will eventually discourage graduates from coming from the rest of the UK to London to work. It seems rents in London have just about peaked now. 2) The stamp duty exemption for first-time buyers will also provide another incentive for young people to stay away from London. Their deposit will go further. 3) Clustering. Once enough people have left London to find a better cost of living / qualify of life balance, their friends will follow them.
  6. Buy To Let Finance Watch

    Aye. I saw it earlier (not on HPC) and clicked through expecting to be enraged by lenders' duplicity, but it was a big ball of 'meh'.
  7. London House prices are being battered !!!

    Could the South East be in more trouble than London?
  8. Is Prime London Crashing? - Merged Threads

    Hey I never said it was fair value :-) ... just a lot lower than the seller aimed for and reflective of prices falls really starting to get underway. The property in your link is currently on the market for £1.095m and looks like a BTLer is trying to get out. Internal condition looks average from the pictures too.
  9. Is Prime London Crashing? - Merged Threads

    Yes, freehold. Here's an old particulars doc for the details. It shows an asking price of £1.1m but it originally went on for £1.275m.
  10. Is Prime London Crashing? - Merged Threads

    Just realised a two-bed house near me that went on the market for £1.275m in May 2016 has been confirmed on the Land Registry as sold for £925,000 in Sep 2017. Was in very good condition internally, zone 1, small garden. It's on.
  11. Btl Scum Regrouping And On The Offensive. -- Merged

    Just spent a few minutes browsing the 'Landlord Investor' magazine linked to in the post above. Came across something from the June 2016 issue that I've clipped below - anyone got a view on how legit it is and how HMRC would treat it?
  12. Is Prime London Crashing? - Merged Threads

    Got a great deal - picked up two for £1.8m
  13. Is Prime London Crashing? - Merged Threads

    That's one of the developments that featured in this investor seminar I went to in early September.
  14. Is Prime London Crashing? - Merged Threads

    Last time I checked I think they closed their short sometime this month
  15. Should be called the 'estate agent desperation to get instructions in a slow market' index