hi5lo5 Posted September 27, 2016 Share Posted September 27, 2016 Another great news. In my search area(one of the shires) today 28 properties reduced and 30 new properties. It's all going to end up in tears for many. Quote Link to comment Share on other sites More sharing options...
Crumbless Posted September 27, 2016 Share Posted September 27, 2016 1 hour ago, hi5lo5 said: Osborne: Rich richer because of monetary policy ... http://www.bbc.co.uk/news/business-37484403 Shouldn't he be jailed for that? Knighted is what he'll get for that. Job well done. Got to love the way they become all honest when out of office. Quote Link to comment Share on other sites More sharing options...
GreenDevil Posted September 27, 2016 Author Share Posted September 27, 2016 3 hours ago, hi5lo5 said: Osborne: Rich richer because of monetary policy ... http://www.bbc.co.uk/news/business-37484403 Shouldn't he be jailed for that? Â Quote Link to comment Share on other sites More sharing options...
Crumbless Posted October 5, 2016 Share Posted October 5, 2016 This made me smile and in the Daily HPI Mail http://www.dailymail.co.uk/money/experts/article-3790516/Should-remortgage-buy-lets-early-escape-mortgage-crackdown.html I’ve just remortgaged one of my buy-to-let properties with The Mortgage Works who told me that far from needing my rent to cover my mortgage by an extra 25 per cent, it now needs to cover it by an extra 45 per cent. The change really threw me and meant that I ended up putting in extra equity to the property to pull the loan-to-value and rate down. I have four other buy-to-lets, all of which are due to be remortgaged fairly imminently but I am still in the period where I'll need to pay early repayment charges to remortgage now. Are all lenders going to require this much more rent or can I still remortgage on similar terms as before? I’m concerned that I don’t have the equity to top up another four properties. The answer was - go and boil your head you useless parasite. Harsh but fair. Quote Link to comment Share on other sites More sharing options...
Tapori Posted October 10, 2016 Share Posted October 10, 2016 ^Â Â - Like clockwork these articles are appearing in the pro BTL media sections. Good News. Oh the humanity! Won't someone please help the over-leveraged BTLer. They are the foundation of our economy, Whatever should she do? As the wise heads here once remarked: Sell. Sell Now. Sell Everything. Â Quote Link to comment Share on other sites More sharing options...
TheCountOfNowhere Posted October 10, 2016 Share Posted October 10, 2016 1 minute ago, Tapori said: As the wise heads here once remarked: Sell. Sell Now. Sell Everything. Â You are mistaken...it was me that said that. Â Quote Link to comment Share on other sites More sharing options...
Tapori Posted October 10, 2016 Share Posted October 10, 2016 Quote Link to comment Share on other sites More sharing options...
GreenDevil Posted October 10, 2016 Author Share Posted October 10, 2016 If the bankster scum keep threatening to leave perhaps it might finally happen. Get lost you're not welcome. https://www.ft.com/content/f00c4a58-384a-11e6-9a05-82a9b15a8ee7 Quote Link to comment Share on other sites More sharing options...
hi5lo5 Posted October 10, 2016 Share Posted October 10, 2016 3 minutes ago, GreenDevil said: If the bankster scum keep threatening to leave perhaps it might finally happen. Get lost you're not welcome. https://www.ft.com/content/f00c4a58-384a-11e6-9a05-82a9b15a8ee7 Didn't knew , Michelin star restaurants is a very important criteria Quote Link to comment Share on other sites More sharing options...
Automotive Engineer Posted October 11, 2016 Share Posted October 11, 2016 On 17/09/2016 at 9:26 PM, Si1 said: Donald trump's going to win the US election. Can't say I support him, but I despise Hillary. Hillary got reamed at the ast debate. Trump brought up Bill's numerous rapes and even brought the victims to the actual evemt. Absolute madman. Â TBH. I like Trump. If he starts a trade war with China so much the better. Time to bring back American factories to America and European factories to Europe. Quote Link to comment Share on other sites More sharing options...
GreenDevil Posted October 11, 2016 Author Share Posted October 11, 2016 https://www.theguardian.com/money/2016/oct/06/landlords-lose-legal-challenge-buy-to-let-tax-changes-cherie-booth Made my morning Quote Link to comment Share on other sites More sharing options...
Bruce Banner Posted October 11, 2016 Share Posted October 11, 2016 8 minutes ago, GreenDevil said: https://www.theguardian.com/money/2016/oct/06/landlords-lose-legal-challenge-buy-to-let-tax-changes-cherie-booth Made my morning  Indeed, although, unlike her fellow landlords she got paid for it. Great result all the same. Quote Link to comment Share on other sites More sharing options...
zugzwang Posted October 11, 2016 Share Posted October 11, 2016 Has she threatened to turn all those responsible into toads? Â Quote Link to comment Share on other sites More sharing options...
TheCountOfNowhere Posted October 11, 2016 Share Posted October 11, 2016 (edited) We all need some good news. https://www.theguardian.com/money/2016/oct/11/cut-stamp-duty-revive-housing-market-estate-agents-property-prices-haart  Haart, which has more than 100 branches across England, said UK house prices had dropped by 1.1% in September compared  " On a year-on-year basis, the average price of a property was 2.7% higher than in September 2015, at £226,229. " " The agency said the number of homes for sale was down by 2.3% on September 2015’s figure, while viewings had fallen by 10.3% over the same period. "  Edited October 11, 2016 by TheCountOfNowhere Quote Link to comment Share on other sites More sharing options...
Fairyland Posted October 11, 2016 Share Posted October 11, 2016 On 10/5/2016 at 10:39 PM, Crumbless said: This made me smile and in the Daily HPI Mail http://www.dailymail.co.uk/money/experts/article-3790516/Should-remortgage-buy-lets-early-escape-mortgage-crackdown.html I’ve just remortgaged one of my buy-to-let properties with The Mortgage Works who told me that far from needing my rent to cover my mortgage by an extra 25 per cent, it now needs to cover it by an extra 45 per cent. The change really threw me and meant that I ended up putting in extra equity to the property to pull the loan-to-value and rate down. I have four other buy-to-lets, all of which are due to be remortgaged fairly imminently but I am still in the period where I'll need to pay early repayment charges to remortgage now. Are all lenders going to require this much more rent or can I still remortgage on similar terms as before? I’m concerned that I don’t have the equity to top up another four properties. The answer was - go and boil your head you useless parasite. Harsh but fair. Why are banks expecting more coverage from rental income? Is BTL IR going to rise? IO mortgage being phased out? Quote Link to comment Share on other sites More sharing options...
TheCountOfNowhere Posted October 11, 2016 Share Posted October 11, 2016 4 minutes ago, Fairyland said: Why are banks expecting more coverage from rental income? Is BTL IR going to rise? IO mortgage being phased out? House prices are going to collapse. Â You heard it here first Quote Link to comment Share on other sites More sharing options...
Fairyland Posted October 11, 2016 Share Posted October 11, 2016 3 minutes ago, TheCountOfNowhere said: House prices are going to collapse. Â You heard it here first Just when I was thinking I shouldn't have joined this forum 10-11yrs ago ... Quote Link to comment Share on other sites More sharing options...
Tapori Posted October 11, 2016 Share Posted October 11, 2016 (edited) In foreign media, here is an article form a popular Gulf daily. Encouraging freeholders of London property to sell or see gains wiped away:  http://www.khaleejtimes.com/business/markets/lessons-of-sterlings-ghastly-crash  I expect the current bloodbath in the bond market will intensify - and lead to foreign panic selling in gilts. The cost of borrowing will surge as the markets, not Carney, hedge inflation risk from the sterling crash and $52 Brent (So taxi rides from Heathrow to West End hotels rise to £100 a pop?). London property prices can well fall by 20-30 per cent as the macro milieu unravels. Tessa has gone populist to compete with UKIP's loony right. The Bank of England is clueless about inflation risk. The French want to avenge Brexit, Waterloo and Agincourt. I remain a sterling bear! Edited October 11, 2016 by Tapori Quote Link to comment Share on other sites More sharing options...
Venger Posted October 11, 2016 Share Posted October 11, 2016 Panic first. Â Got to wonder if there are margin calls set to come into play for those who've already gone hard into UK/London property at ever insane prices in recent years. Â It was a Singapore bank(s), iirc, who said they were putting a stop on lending to buy UK property, a few months ago. So for those who have already borrowed to buy.... Thanks for link Tapori. Quote Link to comment Share on other sites More sharing options...
GreenDevil Posted October 11, 2016 Author Share Posted October 11, 2016 Currency now is getting headlines on MSM as a full blown crisis. Looks like the HPC is getting closer. Sack carney the gimp and we can start raising rates, but even without his invervention (cant see it) , i would expect start to see property starting to really fall over the christmas doldrums. Bring on the HPC. Quote Link to comment Share on other sites More sharing options...
GreenDevil Posted October 14, 2016 Author Share Posted October 14, 2016 Sterling crisis well underway now, first house price drop in years and banks making more threats to vacant London. http://www.mortgageintroducer.com/first-uk-house-price-fall-four-years/#.WACZgI8rJaR http://www.bloomberg.com/news/features/2016-10-14/where-in-europe-will-bankers-fleeing-london-go-after-brexit Good news coming thick and fast. Quote Link to comment Share on other sites More sharing options...
TheCountOfNowhere Posted October 14, 2016 Share Posted October 14, 2016 On 11/10/2016 at 7:08 PM, GreenDevil said: Currency now is getting headlines on MSM as a full blown crisis. Looks like the HPC is getting closer. Sack carney the gimp and we can start raising rates, but even without his invervention (cant see it) , i would expect start to see property starting to really fall over the christmas doldrums. Bring on the HPC. Quote Link to comment Share on other sites More sharing options...
Tapori Posted October 16, 2016 Share Posted October 16, 2016 (edited) delted Edited October 16, 2016 by Tapori Quote Link to comment Share on other sites More sharing options...
TheCountOfNowhere Posted October 17, 2016 Share Posted October 17, 2016 11 hours ago, Tapori said: delted Is that some sort of hipster talk for share buying ? Quote Link to comment Share on other sites More sharing options...
Tapori Posted October 17, 2016 Share Posted October 17, 2016 Quote Link to comment Share on other sites More sharing options...
Recommended Posts
Join the conversation
You can post now and register later. If you have an account, sign in now to post with your account.