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Smiley George

BTL is dead...So how about Buy To Sell?!

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Had this nonsense emailed to me this morning - http://nethouseprices.com/news/show/2267/the-renaissance-of-buy-to-sell?mc_cid=3807525c57&mc_eid=469ae85ad5#

looks like the penny has dropped re BTL, even from one of the most pro-BTL websites, the following comment is telling.

"This is a minor point in many ways, but to landlords, it can seem that there is a persistently negative public narrative around their activities. They are made to feel as though they are part of the country's chronic housing problem, rather than part of the solution. This is despite the fact that the vast majority of landlords provide safe, clean and secure housing for people who need homes. While property developers do attract occasional criticism, the vitriol isn't continuous and is nowhere near as lurid or toxic as that directed at landlords."

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"Buy to sell" isn't anything new. Builders have always descended on run-down or "tired" properties (often probates) with a view to doing them up and selling them on.

It's a totally different business from BTL and requires the participant to actually do some work, especially in a flat market. Covering costs is definitely going to be harder than ever now, what with prices no longer rising and the costs associated with buying and selling higher than in the past.

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3 hours ago, Broken biscuit said:

"Buy to sell" isn't anything new. Builders have always descended on run-down or "tired" properties (often probates) with a view to doing them up and selling them on.

It's a totally different business from BTL and requires the participant to actually do some work, especially in a flat market. Covering costs is definitely going to be harder than ever now, what with prices no longer rising and the costs associated with buying and selling higher than in the past.

Indeed.

Also may help put further downward pressure on prices. With margins squeezed, lower offers will be required to maintain profitability for anyone doing this to make money.

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Wayward   

Buying genuinely run down properties and doing them up to sell is productive and to be welcomed...not remotely comparable to BTL which is parasitic and deserving of the vitriol...

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longgone   

try buying one through an agent , i spent the last 5 years trying to get my hands on these type of houses and failed every time. 

The corruption is unreal , EA`s mate`s get all the cheap houses 

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Wayward   
17 minutes ago, buckers said:

Quite a few BTL are properties that have extensively been refurbished to make them ready for letting. You can't easily let a run down property when your competition has fitted new kitchen/bathroom/double glazing/boiler, made the electrics certifiably safe, etc

okay but many btlers do 0. Their attitude is they own property and therefore England owes them a living, ask them why and they will spit in your eye.

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