Tuesday, Apr 29, 2008
Buy to Let strong
introducer: Buy to Let strong
Constant streams of tenants....
Posted by matthew @ 09:50 AM (492 views) Add Comment
10 Comments
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1. hpwatcher said...
so how come Inside Track have gone bust??
Rents are falling; it's because so many home owners now need tenants to pay their mortgage.
2. Jackas said...
Matthew,
try posting a link that isn't VI horsesh*t. That way you will have some credibility.
However, I'm impressed you can still find them though...congratulations.
3. growler said...
Read the "about us" page
A load of propaganda from DECLARED vested interest "intermediaries".
"Introducer today is part of Angels Media, which is an online interactive company. It was set up to develop websites and offer clients within the Mortgage Intermediary market an on-line solution to Advertising and Marketing through the web. Introducer Today was launched on Monday 16th April 2007, offering you the latest news, views and lifestyle tips making us the UK’s first intermediary website to mix business with pleasure and offering the broker market the just the right cocktail making #website# the website of choice"
4. need-a-crash said...
Rents may be going up slightly but servicing mortgage debt is going through the roof so any new landlord will still struggle to cover their mortgage with rental income, let alone all the other costs of running a property. In any case most landlords go into BTL for the capital growth... and how much of that will they see over the next few years...!!
5. James said...
Well, y'know, I can believe it. I've just moved out of a shared house to get my own place. A 1-bed flat for £1100 a month (this is London, after all!). That's almost double what I was paying in my last (shared) house.
Now, why am I happy to chuck away money on rent? Because the flat was probably worth about £300k last year. Even assuming only 5% down this year, it'll cost the landlord £15k in capital. Given my rent payment totals £13.2k, I'm £1800 better off through renting - before we consider that I'm not servicing a mortgage and my house deposit is happily generating me moderate interest.
I'm sure a lot of people are doing the same - there's a lot of potential FTBs about who are just waiting. We'll only enter the market when it can comfortably be afforded - until then, rents are probably going to hold up ok.
6. Davros said...
Believe it if you want to. More fool you if you do.
7. doomwatch said...
Is this a joke site like
8. doomwatch said...
Is this a joke site like http://www.thedailymash.co.uk/section/news/
9. new user 2007 said...
This is the first time I have found a VI site amusing. One of the most pointless and made up stories to date ASSetz without the pretension. It must indeed be a sister site of the dailymash.
10. James said...
Davros - did you read my post? Do you believe rents will fall, even as house prices do? Why?
The point is that even if rents hold up, my landlord's capital losses are likely to EXCEED the total amount of rent I pay, even before he's serviced his mortgage!