Sunday, May 06, 2007
BTL enthusiasm to vane?
BBA: Drop in mortgage demand - buy to let mortgages
I am posting some recent news (see more links in the comments). Long and short of it, BTLers are reducing their portfolios, but there are not many new BTLers buying, so FTBers are having a chance. Because of affordability issues, I expect this to result in some decline of aggregated price statistics, but it will take couple of months to become visible. Just highlighting this trend... thought it was more interesting looking at potential "leading indicators" of market sentiment rather than the latest in lenders' spin
Posted by confused76 @ 01:20 PM (189 views) Add Comment
1 Comment
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1. confused76 said...
Lenders scraping the bottom of the barrel
http://www.citywire.co.uk/News/NewsArticle.aspx?VersionID=91768&MenuKey=News.Home
Rental yields are collapsing
http://business.scotsman.com/index.cfm?id=700192007
Clear signs of a bubble: BTLers ignore facts (falling yields) and rely on collective "optical illusions" and lenders' fairy tales
http://www.thriftyscot.co.uk/Finance-News/052007/buytolet-landlords-optimistic.html
http://www.houseladder.co.uk/Property_News/2007/05/Landlords_optimistic_about_future_of_buytolet_552.aspx
http://www.easier.com/view/UK_Property_News/General/article-113669.html