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Bbc - "after March Buying Spree, Landlords Flood Rental Market"

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news article from the beeb :

Landlords who scrambled to buy homes earlier this year are beginning to rent them out, providing tenants with a flood of properties, research suggests.

A record number of sales took place in March, as buyers tried to beat last month's Stamp Duty deadline.

That has resulted in an 11.5% rise in rental properties being listed in April, according to data from the website Rightmove.

Some towns, like Worcester, have seen rental listings surge by nearly 50% .

Even in London, the number of homes for rent rose by 9.1% last month, says the research conducted by investment firm Property Partner.

It looked at 90 towns and cities across the UK, and found that the supply of properties went up in 82% of them.

nice. Make the BTL'ers sweat it with a few more voids, and if they think they can jack up prices to cover S.24 etc then best of luck!! B)

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nice. Make the BTL'ers sweat it with a few more voids, and if they think they can jack up prices to cover S.24 etc then best of luck!! B)

4UZLVrSN.jpg

NCyJoMTW.jpg

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news article from the beeb :

Landlords who scrambled to buy homes earlier this year are beginning to rent them out, providing tenants with a flood of properties, research suggests.

A record number of sales took place in March, as buyers tried to beat last month's Stamp Duty deadline.

That has resulted in an 11.5% rise in rental properties being listed in April, according to data from the website Rightmove.

Some towns, like Worcester, have seen rental listings surge by nearly 50% .

Even in London, the number of homes for rent rose by 9.1% last month, says the research conducted by investment firm Property Partner.

It looked at 90 towns and cities across the UK, and found that the supply of properties went up in 82% of them.

nice. Make the BTL'ers sweat it with a few more voids, and if they think they can jack up prices to cover S.24 etc then best of luck!! B)

Interesting bit later in that article:

In theory, increased supply should mean a fall in the cost of renting.

But according to the Reed Rains buy-to-let index, rents have been falling in any case since September 2015.

I thought all the landlords were talking of putting up rents to compensate for the changes in the budget?

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Interesting bit later in that article:

I thought all the landlords were talking of putting up rents to compensate for the changes in the budget?

We're in the market for a new rental up here in the Midlands and we've been watching the market for a year.Last year anything nice was flying off the shelf.Of late particularly in the last two months,some nice places have been stuck and not shifted.

Prices are definitely down too.

One rental we looked at was on at £1200.We offered £1000pcm and got turned down by the LL's because,well, 'it's worth more'.One month later they've come back to ask us to split the difference.Sadly,for them we've just scored a nice place for £800pcm.

This place is typical of this.£800 pcm.Not the prettiest town but good commuting links.4 bed detached.

http://www.rightmove.co.uk/property-to-rent/property-41813217.html

This next one is in a pretty village.Last year this would have been gone in a day or two.£1100 pcm 4 bed detached

http://www.rightmove.co.uk/property-to-rent/property-53901637.html

There does appear to be a dislocation occurring in the rental sector.

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It's almost like it's playing out exactly as HPC predicted.

Next stop - crashville as those clever landlords work out their first year losses and run for the exit.

I'm going LONG popcorn and gigglesticks for 2017.

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That baby is not mine; I have sister and a load of brothers.

We're all HPC. They're all senior professional working couples, who've been done over by housing financialisation.

Just had fun the other day just making T-shirts with the message we all agree on, whilst the BTLers are trying to label S.24 a Tenant Tax now.

Some will have to sell, triggering bankruptcy CGT claims for their BTLing greed.

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We're in the market for a new rental up here in the Midlands and we've been watching the market for a year.Last year anything nice was flying off the shelf.Of late particularly in the last two months,some nice places have been stuck and not shifted.

Prices are definitely down too.

One rental we looked at was on at £1200.We offered £1000pcm and got turned down by the LL's because,well, 'it's worth more'.One month later they've come back to ask us to split the difference.Sadly,for them we've just scored a nice place for £800pcm.

This place is typical of this.£800 pcm.Not the prettiest town but good commuting links.4 bed detached.

http://www.rightmove.co.uk/property-to-rent/property-41813217.html

This next one is in a pretty village.Last year this would have been gone in a day or two.£1100 pcm 4 bed detached

http://www.rightmove.co.uk/property-to-rent/property-53901637.html

There does appear to be a dislocation occurring in the rental sector.

Rental market has been out of kilter for a while. BTL have distorted by buying where's there's no demand.

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That's brilliant, where's your site selling it?

This is the best topic I've read on here in months. Its delicious.

Haha selling them? I'm pretty sure on commercial level would need to get permission from site owners for that.. but it would be funny. Would not expect many orders - very few - for you'd have to be total steel with confidence, to go out and around with such a HPC design and message - vs - all the hard HPI/BTL VI out there in the world - including older owners with no mortgage but who still want HPI (I know a few).

Now there's an idea. What t shirt printing company did you use venger?

Just homemade fun spunko2010, whilst looking after some other young children the other evening (although adults did the scalpel cutting of the letters) - before they begin on tie die kit - on order - for rainbow colourful designs t-shirts.

YouTube:

. Although we had special child-safe gloopy spray paint, and not the aerosol type spray paint as in this example.

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Interesting... Somewhere like spreadshirt would make them to order, but the difficulty is finding a high quality logo. I had to upscale it and it's quite poor quality still:

https://www.spreadshirt.co.uk/affiliate/1246955/-C59/product/139821486/view/1/sb/1463222443_Tab_O_O_LS

Not sure if the site owners want to investigate this, spreadshirt pay commission for each order :)

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Well that works both ways pig - including not recognising that 'hpcer' as a troll from LLZ the other day, even after he admitted to being a 3 property BTLer after all his slamming of HPC. Not just an ordinary bloke working out what to do.

However thanks - and you have your good moments too - but I'm focussed on HPC, not 'collective responsibility' / 'failed as a nation' - all individual actions in the market and have many BTLers are not going to get 'price fixing' solutions to their future problems.

The only way out of the 'crisis' I can see is through social housing, mainly as a short to medium term fix to prices and security of tenure, but could this have a positive macro-economic effect too ?

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4UZLVrSN.jpg

NCyJoMTW.jpg

Loving the baby-grow!

I hope that Section 24 and all of the other policy measures against leveraged speculators do their job and she gets to grow up in a family home with security of tenure. :)

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Loving the merch, one minor point though - thought it was clause 24 :ph34r:

It is Section 24. It struck me the other day that there's a passingly amusing joke to be had by saying that the pwoperdee mad BTL tw@ts over at Poverty Later have been Sectioned.

In the same way that we lock away some people who are profoundly mentally ill, both for their protection and for everybody else's also, it strikes me that the same thing has happened to the BTL tw@ts. They've had their latitude to employ bonkers leverage restricted in the same way some people suffering different forms of madness have their liberty restricted.

"Barry, I see your portfolio's shrunk? What gives?"

"I've been Sectioned."

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