Monday, Feb 13, 2017

BTL snowball gains momentum

Torygraph: Buy to let lending plunges at Nationwide as market cools

A drop from 2.2billion to 900 million. Debt deflation awaits....

Posted by pete green @ 03:09 PM (5618 views) Add Comment

5 Comments

1. britishblue said...

I like the phrase, 'We have seen the buy to let market cool, to some degree,” he said.

By my reckoning a 900 million drop from 2.2billion is a decline of 41%. I suspect the month on month declines are now larger as these things always take time to trickle through.

Monday, February 13, 2017 03:34PM Report Comment
 

2. icarus said...

To be fair the quote is about the market as a whole while the figures are for Nationwide only. NW provides only one in seven BTL loans and it has been severely tightening its BTL lending criteria in the past year. Details are devils.

Monday, February 13, 2017 08:05PM Report Comment
 

3. mombers said...

I wonder how much corporate BTL has picked up? A little less terrible than amateur BTL and a much easier target for first world regulation

Friday, February 17, 2017 08:51AM Report Comment
 

4. libertas said...

My my measure, now would be the time to plough into Buy to Let. No seriously, this is a sudden collapse and that is the best time to get into a market, just after it has collapsed. This will precipitate a big rise in rents. Not sure First Time Buyers will plug the gap, but in London, those fleeing EU may plug it.

Saturday, February 18, 2017 09:47PM Report Comment
 

5. mombers said...

@4 The missing homes conundrum. Rents will rise because why? I'm not seeing despairing landlords knocking their BTLs down, they are selling them to owner occupiers or other landlords.

Monday, February 20, 2017 12:56PM Report Comment
 

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