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Mapatasy

Buy-to-let struggle... long may they suffer.

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Buy-to-let landlords struggling to pay mortgages hit a two-year high... before tax grab even kicks in

Unfortunately records have only been running for 2 years but hopefully it's an indication of worse better to come.

https://www.landlordtoday.co.uk/breaking-news/2017/1/number-of-buy-to-let-landlords-struggling-to-pay-mortgages-hits-2-year-high

 

Landlords forced to hike rents to get a mortgage

"On January 1, Kensington Mortgages began forcing landlords to charge at least 175 per cent of the mortgage payments in rent, up from 150 per cent. So if your mortgage bill was £1,000 a month, you'd need to charge at least £1,750 in rent.

http://www.thisismoney.co.uk/money/buytolet/article-4107216/Landlords-forced-hike-student-rents-lenders-set-tough-new-conditions-buy-let-mortgages.html

 

Ooops! ;) 

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they will have no option but to increase rents because we all know LL's are benevolent and are currently charging rents below what can be achieved in the market.

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14 hours ago, Mapatasy said:

Buy-to-let landlords struggling to pay mortgages hit a two-year high... before tax grab even kicks in

Unfortunately records have only been running for 2 years but hopefully it's an indication of worse better to come.

https://www.landlordtoday.co.uk/breaking-news/2017/1/number-of-buy-to-let-landlords-struggling-to-pay-mortgages-hits-2-year-high

 

Landlords forced to hike rents to get a mortgage

"On January 1, Kensington Mortgages began forcing landlords to charge at least 175 per cent of the mortgage payments in rent, up from 150 per cent. So if your mortgage bill was £1,000 a month, you'd need to charge at least £1,750 in rent.

http://www.thisismoney.co.uk/money/buytolet/article-4107216/Landlords-forced-hike-student-rents-lenders-set-tough-new-conditions-buy-let-mortgages.html

 

Ooops! ;) 

Anyone with half a brain would have sold 12 months ago.

Better to keep 80% of your ill gotten gains than -20%

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Going through the comments, the same old mentality "I suffered so others should also suffer", "my first house was bad so it is a norm" kind of ... as if people, FTBs in particular, are meant to be(entitled to be) victims of bad properties? They don't deserve to use high tech gadgets etc..

And then, in the same post they complain the sense of entitlement that the young generation feels. Why does this home owning brigade feel entitled to have things that non home owners should not have?

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27 minutes ago, Fairyland said:

Going through the comments, the same old mentality "I suffered so others should also suffer", "my first house was bad so it is a norm" kind of ... as if people, FTBs in particular, are meant to be(entitled to be) victims of bad properties? They don't deserve to use high tech gadgets etc..

And then, in the same post they complain the sense of entitlement that the young generation feels. Why does this home owning brigade feel entitled to have things that non home owners should not have?

Because they are dumb stnuc.

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On 11/01/2017 at 10:40 PM, Mapatasy said:

Landlords forced to hike rents to get a mortgage

"On January 1, Kensington Mortgages began forcing landlords to charge at least 175 per cent of the mortgage payments in rent, up from 150 per cent. So if your mortgage bill was £1,000 a month, you'd need to charge at least £1,750 in rent.

http://www.thisismoney.co.uk/money/buytolet/article-4107216/Landlords-forced-hike-student-rents-lenders-set-tough-new-conditions-buy-let-mortgages.html

 

Ooops! ;) 

That article is by the Daily Mail's Paul Smith. He seems very interested about the plight of landlords e.g. other articles:

http://www.thisismoney.co.uk/money/buytolet/article-3572054/Buy-let-investors-set-pay-extra-10-000-mortgage-crackdown-dangerous-debts.html

http://www.thisismoney.co.uk/money/buytolet/article-3833226/Rent-hikes-looming-million-landlords-plan-beat-tax-crackdown.html

Paul Smith used to be editor at Mortgage Strategy http://www.responsesource.com/bulletin/news/mortgage-strategy-editor-moves-daily-mail/

There is a certain irony that while there, he won the "Mortgage Journalist of the Year" award. Here is an article by Paul Smith about it. There is a certain irony that the event was hosted by Tony Blair's mate Alistair Campbell, given Cherie's Blair's court action.

  https://www.mortgagestrategy.co.uk/ms-deputy-editor-crowned-mortgage-journalist-of-the-year-again/

 

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