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The Wool Is Pulled Over The Eyes

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Two further friends of mine have been unsuccessful in selling their houses and have been convinced by the EA to rent out the property.

These people are not real BTL, they are duped into letting their houses o the promise of higher gains in two years time whilst having their mortgages paid in the mean time.

But these are the people who are holding up the market. Because they now don't have to sell there is less pressure on prices.

But I would not class these people as BTL more as duped to let DTL.

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One of the roads I walked down tonight had a to-let sign outside not so long ago. Its now got a small car parked on the garden. Cool eh? :)

Adds loads of value to the area. That'll be the second rented on on that street.


Edited by SarahBell

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You should be grateful for this fab development...

What it actually means is that the supply of rental property is INCREASING, and some of it is being offered by DESPERATE wannabe landlords.

Make a guess where rents will go on the back of that increase in supply.

Oh, and BTW, the worst hit will be BTL landlords - this amateur competition will make their unappealing 'business model' REALLY stink, even to the clowns with no noses.

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  • 301 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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