Patient London FTB Posted November 12, 2016 Share Posted November 12, 2016 Just reading through The Times' Friday property section and have come across an interesting stat: "There were more landlords selling than buying in September and October this year. This reduced Britain's rental pool by 6,180 homes over two months." Great news obviously, but slightly annoying that they have not said where that stat comes from. Does anyone know? Link to comment Share on other sites More sharing options...
Exiled Canadian Posted November 12, 2016 Share Posted November 12, 2016 4 minutes ago, Patient London FTB said: Just reading through The Times' Friday property section and have come across an interesting stat: "There were more landlords selling than buying in September and October this year. This reduced Britain's rental pool by 6,180 homes over two months." Great news obviously, but slightly annoying that they have not said where that stat comes from. Does anyone know? So by P118 logic over 6,000 UK houses have just vanished in a puff of smoke. I must admit I missed that in the news..... Link to comment Share on other sites More sharing options...
Patient London FTB Posted November 12, 2016 Author Share Posted November 12, 2016 2 minutes ago, Exiled Canadian said: So by P118 logic over 6,000 UK houses have just vanished in a puff of smoke. I must admit I missed that in the news..... Just thought. The articles don't say who bought those houses. It could be anyone, including other landlords. So how do they know it's reduced the rental pool? Link to comment Share on other sites More sharing options...
spyguy Posted November 12, 2016 Share Posted November 12, 2016 23 minutes ago, Exiled Canadian said: So by P118 logic over 6,000 UK houses have just vanished in a puff of smoke. I must admit I missed that in the news..... I didnt know Graham Norton was a LL and smoked.... Well, fckme backwards with a cactus. What a surprise! Just wait til rates start ticking upwards. Remember Fatty Fergus himself said they were screwed when mortgage APR were above 4% Link to comment Share on other sites More sharing options...
long time lurking Posted November 12, 2016 Share Posted November 12, 2016 1 hour ago, Patient London FTB said: Just thought. The articles don't say who bought those houses. It could be anyone, including other landlords. So how do they know it's reduced the rental pool? Because more landlords sold than bought is the obvious answer Link to comment Share on other sites More sharing options...
Digsby Posted November 12, 2016 Share Posted November 12, 2016 22 minutes ago, long time lurking said: Because more landlords sold than bought is the obvious answer Link to comment Share on other sites More sharing options...
Patient London FTB Posted November 12, 2016 Author Share Posted November 12, 2016 2 hours ago, long time lurking said: Because more landlords sold than bought is the obvious answer D'oh! Link to comment Share on other sites More sharing options...
long time lurking Posted November 12, 2016 Share Posted November 12, 2016 1 minute ago, Patient London FTB said: D'oh! I have done far worse Link to comment Share on other sites More sharing options...
Digsby Posted November 13, 2016 Share Posted November 13, 2016 8 hours ago, Patient London FTB said: D'oh! I came back here for that moment. Link to comment Share on other sites More sharing options...
Blod Posted November 13, 2016 Share Posted November 13, 2016 Haha, so 6180 properties have been sold without being replaced in BTL portfolios. I thought that that wasn't possible. We've been told by BTLer that it's only them who could own these properties. Moar, please. Link to comment Share on other sites More sharing options...
Wayward Posted November 13, 2016 Share Posted November 13, 2016 so is the proportion of the population in rented falling...must be. Evidence of change in this long term trend would be significant news... Osborne tried to achieve this so he claimed with his cynical schemes. Seemed all that has needed was to remove some tax advantages for btl...who would have thought it...???! Link to comment Share on other sites More sharing options...
interestrateripoff Posted November 13, 2016 Share Posted November 13, 2016 Bought by hard working families? Link to comment Share on other sites More sharing options...
Patient London FTB Posted November 13, 2016 Author Share Posted November 13, 2016 7 hours ago, Digsby said: I came back here for that moment. Lol! Link to comment Share on other sites More sharing options...
clloyd Posted November 14, 2016 Share Posted November 14, 2016 21 hours ago, interestrateripoff said: Bought by hard working families? How very dare they! Link to comment Share on other sites More sharing options...
Tapori Posted November 14, 2016 Share Posted November 14, 2016 Link to comment Share on other sites More sharing options...
Timbuk3 Posted November 14, 2016 Share Posted November 14, 2016 I rent a room in London during the week in a 5 bed house and landlord just gave notice to move out in April as he is selling up. Link to comment Share on other sites More sharing options...
John The Pessimist Posted November 14, 2016 Share Posted November 14, 2016 Telegraph piece in the same vein. http://www.telegraph.co.uk/investing/buy-to-let/one-in-four-buy-to-let-investors-sell-up-due-to-new-tax/ Bring it on! And may each and every one get shafted! Link to comment Share on other sites More sharing options...
Fairyland Posted November 14, 2016 Share Posted November 14, 2016 Why wait till 2020 to phase it out. Just get done with it in one go as soon as possible... Link to comment Share on other sites More sharing options...
long time lurking Posted November 14, 2016 Share Posted November 14, 2016 3 hours ago, hotairmail said: I thought you might have been being more clever than the raw statement. Indeed, how do we know they are REALLY landlords buying or selling. Perhaps we ought to use the BBC terrorist-style epithet...."so-called". It`s not 100% reliable but the land reg keeps and now publishes such data they also capture all properties bought with BTL mortgages ,in there "additional price paid transactions " data" ? Link to comment Share on other sites More sharing options...
dances with sheeple Posted November 14, 2016 Share Posted November 14, 2016 2 hours ago, Timbuk3 said: I rent a room in London during the week in a 5 bed house and landlord just gave notice to move out in April as he is selling up. Hope you are all moving out immediately? Link to comment Share on other sites More sharing options...
LondonBound Posted November 14, 2016 Share Posted November 14, 2016 25% of BTL landlords to see post tax changes. http://www.telegraph.co.uk/investing/buy-to-let/one-in-four-buy-to-let-investors-sell-up-due-to-new-tax/ Link to comment Share on other sites More sharing options...
Mrs Bear Posted November 15, 2016 Share Posted November 15, 2016 On 14/11/2016 at 5:09 PM, Timbuk3 said: I rent a room in London during the week in a 5 bed house and landlord just gave notice to move out in April as he is selling up. April? He'll be counting on the good old Spring Bounce, when all the daffodils are tossing their merry little heads in the breeze - guaranteed to have buyers queueing up with sealed bids. (Cackle cackle) Link to comment Share on other sites More sharing options...
Bruce Banner Posted November 15, 2016 Share Posted November 15, 2016 1 hour ago, Konig said: I don't call you renter scum. Why on Earth would you do that? I smell a rodent! Link to comment Share on other sites More sharing options...
Sancho Panza Posted November 15, 2016 Share Posted November 15, 2016 On 14/11/2016 at 5:09 PM, Timbuk3 said: I rent a room in London during the week in a 5 bed house and landlord just gave notice to move out in April as he is selling up. seeing loads of HMO's or 5/6/7 flat houses for sale in Leicester.All being sold on 4 to 5% gross yields so will likely not sell as all the guys who could afford to buy are selling as well. I presume the professional LL's are being advised to sell by their accountants. The amount of 1 or 2 house BTLers I know (and I know quite a few) who actually have even heard of section 24, I can count on 2 fingers. Link to comment Share on other sites More sharing options...
Tapori Posted November 15, 2016 Share Posted November 15, 2016 H to The M-O B to the T-L Fo shizzle, Ma Nizzle they be in Over-leveraged drizzle. Link to comment Share on other sites More sharing options...
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