Jump to content
House Price Crash Forum
Sign in to follow this  
strbear

Rise In Companies Buying Debt Hit Homes

Recommended Posts

Anecdotal but demonstrative of the changing landscape - interesting they pay 70-80% of current 'value' - clearly not run by an HPCer then!

“A year ago, we had about 20-25 competitors in this sector. Now we have more than 200,” said Keith Woodward, a spokesman for Approva Homebuyers.

http://www.ft.com/cms/s/38545f12-1b72-11dc...0b5df10621.html

Share this post


Link to post
Share on other sites
In return, sellers can rent their homes for less than their previous monthly mortgage payments.

I wonder what impact this will have on rental yields, as effectively these companies could become major land lords, at least in the short term (I suspect many will only be around in the short term).

Share this post


Link to post
Share on other sites
I wonder what impact this will have on rental yields, as effectively these companies could become major land lords, at least in the short term (I suspect many will only be around in the short term).

They are buying 'below market', so the yield for them will be higher than if they had paid 'full retail price' for the houses.

Share this post


Link to post
Share on other sites
They are buying 'below market', so the yield for them will be higher than if they had paid 'full retail price' for the houses.

A popular theory is that repos of hard pressed OO and BTL will flood the market and cause a crash. These companies are hoovering them up so does it mean the general public wont get a look in and therefore the crash injection wont happen?

Share this post


Link to post
Share on other sites

Join the conversation

You can post now and register later. If you have an account, sign in now to post with your account.

Guest
Reply to this topic...

×   Pasted as rich text.   Paste as plain text instead

  Only 75 emoji are allowed.

×   Your link has been automatically embedded.   Display as a link instead

×   Your previous content has been restored.   Clear editor

×   You cannot paste images directly. Upload or insert images from URL.

Loading...
Sign in to follow this  

  • Recently Browsing   0 members

    No registered users viewing this page.

  • 356 The Prime Minister stated that there were three Brexit options available to the UK:

    1. 1. Which of the Prime Minister's options would you choose?


      • Leave with the negotiated deal
      • Remain
      • Leave with no deal



×
×
  • Create New...

Important Information

We have placed cookies on your device to help make this website better. You can adjust your cookie settings, otherwise we'll assume you're okay to continue.