Friday, Mar 02, 2012
You can run, but you can't hide
Telegraph: Accidental landlords return as home owners struggle to sell their homes
According to the Co-operative Bank, a fifth of its recent buy-to-let business has come from ‘accidental landlords' – where home owners choose to rent their existing property instead of selling it when they are looking to move to a new home.
Posted by dill @ 05:08 PM (960 views) Add Comment
8 Comments
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1. sibley's b'stard child said...
Brilliant, just brilliant. It's like a snake eating It's own tail.
2. Harrythecat said...
"...(ARLA). It indicates that the number of homes coming onto the rental market because they CANNOT be sold is increasing in some parts of the country..."
So - absolutely nothing to do with the fact that they COULD be sold tomorrow, if it wasn´t for deluded sellers insisting on grotesquely inflated prices ??????????
3. general congreve said...
Why have one mortgage, when you can have two?
4. Karen said...
If they just drop the price they would sell. There are loads of buyers around.
5. stuartking said...
You'll probably find that most of these 'buy to let' landlords are tenants themselves.
6. Harrythecat said...
"...(ARLA).It indicates that the nember of homes coming onto the rental market because they cannot be sold is increasing..."
Surely, this should read
" because they cannot be sold AT GROTESQUELY INFLATED ASKING PRICES is increasing..."
7. Coolsundayt said...
If you think your landlord is renting, you might want to check that he isn't having his own rent paid out of your taxes. There appears to be an increasing number of 'accidental lndlords' that forget to inform benefits agencies/councils that they have a second property when claiming housing benefit.
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