Saturday, Jun 28, 2008
Don’t bank on buy-to-let
MoneyWeek: Don’t bank on buy-to-let
More than two-fifths of buy-to-let landlords are still bullish. But with some investors so close to the wire already, repossessions are a distinct possibility....
Posted by damien @ 03:05 PM (415 views) Add Comment
3 Comments
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1. Davros said...
How any of these bullish landlords think that 'riding it out' rather than cashing in, is a sensible way to invest is amazing. Say it all really.
2. drewster said...
Wow, look at those figures!
"The average gross rent was £30,140 a year, and the average “portfolio size” £697,670; so even rental yields before deductions averaged just 4.3% – well below the cost of borrowing."
Pretty soon those guys will realise there's no point in holding on to a depreciating asset. That's the next flood to hit the market.
3. taffee said...
most uk workers don't even know how to budget but banks have lent these people hundreds of thousands of pounds without knowing weather they are business like