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Don't like the new format bu watching today 'cos item on BTL'er.

3 out of 19 empty

Oh dear, in 1990, he got £1700 p.m. Now lucky to get £1300 p.m.!

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Don't like the new format bu watching today 'cos item on BTL'er.

3 out of 19 empty

Oh dear, in 1990, he got £1700 p.m. Now lucky to get £1300 p.m.!

Surely he's in it for the long-term* though.

* The long term is that 7 out of 19 will be empty.

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he says he wont be buying any more for some time.

Might be because he has an appaulling credit record, what with banks taking him to court for possession several times. He aint getting any more credit anytime soon.

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Don't like the new format bu watching today 'cos item on BTL'er.

3 out of 19 empty

Oh dear, in 1990, he got £1700 p.m. Now lucky to get £1300 p.m.!

Never saw all of it but it looked like he had been in it for a long time so i thought he would have been pretty secure, yet he was having a good moan,May have to sell a couple of propertys (if i can get a buyer) :(

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Don't like the new format bu watching today 'cos item on BTL'er.

3 out of 19 empty

Oh dear, in 1990, he got £1700 p.m. Now lucky to get £1300 p.m.!

Hi Deflation,

Where was this please?

Also did they go into detail on his mortgages o/s or other detailed finances?

M21er

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Hi Deflation,

Where was this please?

Also did they go into detail on his mortgages o/s or other detailed finances?

M21er

West London!

The agent's phone number was 8997 xxxx if that helps.

If he's owned since 1990 I doubt that his mortgage is significant, but he did say that if the tenants didn't pay the rent he couldn't pay the mortgage - oh dear

tim

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Don't like the new format bu watching today 'cos item on BTL'er.

3 out of 19 empty

Oh dear, in 1990, he got £1700 p.m. Now lucky to get £1300 p.m.!

Can you explain these £ figures - they are nonsense without context.

Also can't believe that in 19 years his income has gone from £1700/month down to £1300/month - whatever these relate to

Edited by sleepless

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If he's owned since 1990 I doubt that his mortgage is significant, but he did say that if the tenants didn't pay the rent he couldn't pay the mortgage - oh dear

That puts the tenants in a rather strong position when it comes to their next rent appraisal, doesn't it. :)

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Hi Deflation,

Where was this please?

Also did they go into detail on his mortgages o/s or other detailed finances?

M21er

It was a 'viewers' experiences that they said will be a regular item showing 'real' people's experiences of the recession. It only lasted 5 minutes about half way through. Not on iplayer yet.

To be honest, it was all quotes from the fella (Raj?) and I think the idea of that rent fall, in real terms, sounds a but iffy.

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Deflation..

I saw this programme, very strange in parts....

I noted how he said when he gets into difficulty with the lender, the judge usually ends up on on his side, and tells the lender that they need to come to an agreement, and accomodate him.

Sounds like judges are being very lenient with the BTL business then, because he made it sound like he had been in trouble with payments a few times ? :unsure:

Also I am surprised that he quotes the rent he was getting as being so high 19 years ago ?

He said £1700pcm in 1990, and lucky to get £1300pcm now ? I think he was quoting the price per flat?

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Deflation..

I saw this programme, very strange in parts....

I noted how he said when he gets into difficulty with the lender, the judge usually ends up on on his side, and tells the lender that they need to come to an agreement, and accomodate him.

Sounds like judges are being very lenient with the BTL business then, because he made it sound like he had been in trouble with payments a few times ? :unsure:

Also I am surprised that he quotes the rent he was getting as being so high 19 years ago ?

He said £1700pcm in 1990, and lucky to get £1300pcm now ? I think he was quoting the price per flat?

It's now online. Working Lunch 23.01.09, about 19 minutes in.

What he said about charging £1700pcm in 1990 made no sense at all.

Maybe he meant £700 per month. :huh:

Actually, nothing he said made sense. He said he might have to sell 1 or 2 properties to stay out of trouble, then in the next sentence admitted he probably wouldn't be able to find a buyer for them. Total charlatan. The only person he's fooling is himself.

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It's now online. Working Lunch 23.01.09, about 19 minutes in.

What he said about charging £1700pcm in 1990 made no sense at all.

Maybe he meant £700 per month. :huh:

Actually, nothing he said made sense. He said he might have to sell 1 or 2 properties to stay out of trouble, then in the next sentence admitted he probably wouldn't be able to find a buyer for them. Total charlatan. The only person he's fooling is himself.

sounds par for the course for BTL accounting standards.

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More pent-up supply.

Deary me. Not another one. Re-Education camp for you my friend.

There is no such thing as pent up supply. Only pent up demand. 3 weeks in Cinzano Bay and you will understand this simple fact. Makes Guantanamo look like Butlins.

Good luck.

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Deary me. Not another one. Re-Education camp for you my friend.

There is no such thing as pent up supply. snip

tell that to the car makers

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tell that to the car makers

Indeed. Also tell that to Barrats, or Wimpy, or ROK.... :lol:

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It's now online. Working Lunch 23.01.09, about 19 minutes in.

What he said about charging £1700pcm in 1990 made no sense at all.

Maybe he meant £700 per month. :huh:

Actually, nothing he said made sense. He said he might have to sell 1 or 2 properties to stay out of trouble, then in the next sentence admitted he probably wouldn't be able to find a buyer for them. Total charlatan. The only person he's fooling is himself.

Yes <_<

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Never saw all of it but it looked like he had been in it for a long time so i thought he would have been pretty secure, yet he was having a good moan,May have to sell a couple of propertys (if i can get a buyer) :(

if cash flow is tight and credit too, then he may not be able to AFFORD to market them

WUHAHAHAHAHA!

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  • 284 Brexit, House prices and Summer 2020

    1. 1. Including the effects Brexit, where do you think average UK house prices will be relative to now in June 2020?


      • down 5% +
      • down 2.5%
      • Even
      • up 2.5%
      • up 5%



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