Friday, Oct 12, 2007
More lambs to the slaughter ...
thisismoney: Buy-to-let lending soars despite warnings
Buy-to-let investors are continuing to dive into property despite warnings the market may have peaked. CML figures released this week for August mortgage lending showed strong property investing was propping up the market with the 'other lending category' covering buy-to-let up by almost 40% on the same month last year.
Posted by uncle chris @ 08:32 AM (762 views) Add Comment
7 Comments
- If you do not have an admin password leave the password field blank.
- If you would like to request a password allowing you to add comments and blog news articles without needing each one approved manually, send an e-mail to the webmaster.
- Your email address is required so we can verify that the comment is genuine. It will not be posted anywhere on the site, will be stored confidentially by us and never given out to any third party.
- Please note that any viewpoints published here as comments are user's views and not the views of HousePriceCrash.co.uk.
- Please adhere to the Guidelines
1. inbreda said...
MEW perhaps?
To cover the mortgage the tenants are not, perhaps?
2. little professor said...
Anyone going into BTL at this late stage of the game deserves everything they get. Even the mainstream media are covering the downturn in the housing market now, they've got no excuse for it.
3. Should Of Banked It said...
I could understand the BTL'er if they had no pension & their age was working against them, they may be willing to subsidise their tenants rent....surely it's best to wait a couple of years, till the prices have dropped!
4. sold 2 rent 1 said...
Every asset bubble has a final blow-off stage (of Joe Public amature investors) before it bursts.
This one is no different.
5. Flapjack said...
Buy to Debt on BBC2 7.00pm tonight. Sounds like fun!
6. Jonathan said...
"Don't jump on the bandwagon when you can hear the wheels go past" These BLT investors will only help tip it all over the edge. Always happens..
7. Subtext said...
These figures are from August though, as sold2rent says it's the final surge before the credit crunch kicked in