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deadlyavenger

My First Post...(Potential Btl'er Put Off/uni Landlord Not Able To Fill House!)

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Hi all,


This is my very first post after a very (very) long time lurking (2008!)


Anyway I was gonna write a long rambling post in the main forum basically bemoaning how HPI/BTL/population increase/VI's/greed/stupidity/VI Politicians etc etc has been a scourge on us, but it appears only people on here can seen the madness!! Will write that post when i have the time and inclination


But to start with here's two anecdotes:

1) A work colleague who was seriously looking into BTL last year was put off by Osbornes policies...apparently the sums "did not add up"


2) I live very close to a university in a large east mids town (ex poly converted to a "new" university...thanks John Major you c0ck), so there is obviously (and tragically) a stupid amount of BTL around here, in what was actually once a nice area. <_<


Anyway tradesman who does work for several landlords in the nearby streets say one of his clients has not been able fill one of his properties for next term, the first time ever this has happened. This is primarily down to the building of (ridiculously) large blocks of student flats in the vicinity. My heart bleeds for said landlord...not (lolz). :D


So not only are the BTL brigade gonna find it harder with policy & tax changes, the once untouchable uni landlords appear to be struggling too, as i think the building of these super large student complexes is happening country wide?


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The explosion of Uni owned/run blocks has been going on in Scotland for a while, I think the days are gone when if you didn`t register early enough there would be no places in "Halls" and you would get handed a printed sheet with local landlords on it. Many students will still pile into a rented flat in their second year though so that they can go on the lash properly I believe. Pressure is coming to BTL from all directions though, yes.

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The explosion of Uni owned/run blocks has been going on in Scotland for a while, I think the days are gone when if you didn`t register early enough there would be no places in "Halls" and you would get handed a printed sheet with local landlords on it. Many students will still pile into a rented flat in their second year though so that they can go on the lash properly I believe. Pressure is coming to BTL from all directions though, yes.

Yes, sadly me and my family have to endure said partying students, but that's a whole different topic where i could do with some advice with actually.

But it's almost as if the government policies of the last 15-20 years i.e. pushing (and devaluing) higher education, actively pushing HPI, encouraging BTL etc are designed to deliberately ruin the lives of normal, average earning people. Pardon my language, but it's just completely & utterly sh!t...

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Yes in Southampton they are building alot on student accom blocks. Bad news for btl resi landlords.:)

Maybe the build to let by institutions like l&g which i hear is taking off will have similar impact.

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Yes in Southampton they are building alot on student accom blocks. Bad news for btl resi landlords.:)

Maybe the build to let by institutions like l&g which i hear is taking off will have similar impact.

I spent my uni days living in portswood and swaythling... would be great if ex BTL student properties start flooding the market there.

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One BTL on my street was bought & sold pre brexit (it's a small street), hadnt seen one on the market for a good 2-3 years.

Why would you sell if it's such a good money earner??

P.s. "build to let by institutions like l&g"??? What are these then? Purpose built flats for BTL only?

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Good news! Would be good to see student houses became family occupied once again.

In my area a large block of student flats have been built next to Norwich bus station. Rich students even get the option a penthouse at the top. :blink: A bit of a trek from the University of East Anglia (albiet with their own new blocks on campus) but bang on the bus route there and close enough walking distance to City College. There are plans for another block around the corner. Landlords of Student accommodation must be bricking it these days! :D

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@ Deadlyavenger - yes.. google L&G build to rent...you will read that they are funding the building of 1000's of homes that they intend to rent out...may be a game changer if other institutions follow and supply of rented accom increases dramatically and a disaster for your average idiot amateur BTLer

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One BTL on my street was bought & sold pre brexit (it's a small street), hadnt seen one on the market for a good 2-3 years.

Why would you sell if it's such a good money earner??

P.s. "build to let by institutions like l&g"??? What are these then? Purpose built flats for BTL only?

L&g are a pension & investments company, and an insurer. Therefore they have a very large float of money that they need to invest and diversify. Owning a lot of very economical (ie identical units with common fittings) accommodation seems just another means of investing and diversifying their float. Other companies involved in this shenanigans appear to be m&g property investments (a sub company of the Prudential group) and Aviva (the modern day name for Norwich Union after several mergers). I expect them to hold onto these assets and not sell them individually to btlrs. In fact I would expect wealthy foreign portfolio buyers to be more interested in bulk projects like this, as partners, then in the Wilsons portfolio in Kent. Just sayin.

I suspect these rather large investments follow various government rule changes that cancelled out some nasty taxes that disfavoured large scale landlords in the past. This is REIT legislation, I believe, in my amateur understanding.

Edited by Si1

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One BTL on my street was bought & sold pre brexit (it's a small street), hadnt seen one on the market for a good 2-3 years.

Why would you sell if it's such a good money earner??

P.s. "build to let by institutions like l&g"??? What are these then? Purpose built flats for BTL only?

It could be due to divorce or something like that.

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Also in the news today (this week?) is that 50% of students are choosing to live at home because of costs. Also this morning, with A-level results out, heard that numbers applying to university are well down this year.

Yes, a lot of pressure on student landlords!

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Hi all,
This is my very first post after a very (very) long time lurking (2008!)
Anyway I was gonna write a long rambling post in the main forum basically bemoaning how HPI/BTL/population increase/VI's/greed/stupidity/VI Politicians etc etc has been a scourge on us, but it appears only people on here can seen the madness!! Will write that post when i have the time and inclination
But to start with here's two anecdotes:
1) A work colleague who was seriously looking into BTL last year was put off by Osbornes policies...apparently the sums "did not add up"
2) I live very close to a university in a large east mids town (ex poly converted to a "new" university...thanks John Major you c0ck), so there is obviously (and tragically) a stupid amount of BTL around here, in what was actually once a nice area. <_<
Anyway tradesman who does work for several landlords in the nearby streets say one of his clients has not been able fill one of his properties for next term, the first time ever this has happened. This is primarily down to the building of (ridiculously) large blocks of student flats in the vicinity. My heart bleeds for said landlord...not (lolz). :D
So not only are the BTL brigade gonna find it harder with policy & tax changes, the once untouchable uni landlords appear to be struggling too, as i think the building of these super large student complexes is happening country wide?

HAHAHHAHA , YOU'RE FROM HATFIELD RIGHT?

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HAHAHHAHA , YOU'RE FROM HATFIELD RIGHT?

HAHAHAHAHAHAHAHAHAHA!!!! .......................................................................err no. Unless Hatfield is now classed as the East Midlands?

Are you a student BTL'r by any chance? Apologies if you're not.

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HAHAHAHAHAHAHAHAHAHA!!!! .......................................................................err no. Unless Hatfield is now classed as the East Midlands?

Are you a student BTL'r by any chance? Apologies if you're not.

Automotive Engineer...Apologies for sarcasm in my last post, I wasn't sure what angle you were coming from...i.e. you recognise Hatfield as having similar issues to my home town, or the fact you're coming from the point of view of you being a student BTL'r yourself...either way I shouldn't have jumped to conclusions, think I'm having one of those mornings.

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I suspect you may be talking about Derby. I think Derby "Uni" has seven different buildings of specially built student accommodation. In my day a university with a video on their website giving reasons for students to come back to halls in their second and third years would be impossible, but looking on derby.ac.uk there it is.

I note that MMP a specialist student accommodation website still has more then 50% availability in late very late August. Their figure on the company website are starting to look a little concerning too.

I think this will attract more students to Derby and is likely to mean that Derby is a poor deal for BTL. The Derby I knew in the early 80s is long gone and my visits now are usually only to Costco and associated attractions on the nearby leisure park, although I have also been to the fantastic Derby Museum and art Gallery and walk around the city centre and market then too!

Edited by man o' the year

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The leveraged goons always cite the negative effect that removing them from the market would have on local tradesmen and B&Q. From my experience of 15 years living in and around a heavily Ghettoised student BTL area, if a proportion of these properties were to return to Owner Occupiers then said tradesmen and B&Q would heavily benefit from the work required to correct the absolute f*cking mess the landlords have made of them.

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Too make things worse once Brexit happens all those EU students entitled to loans and reduced fees will dry up - some places its up to 20%. Uni towns will be hit hard

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