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Converted Lurker

Buy To Let Madness

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Interest rate rises fail to dent buy to let confidence in the lobotomy club

At what point to buy to let players finally 'get it'? Property is no longer rising in value (other than small pockets of opportunity throughout the UK), rents are static - if not falling ironically due to the increased competition provided by buy to let investors, and buy to let interest only mortgages currently have an average 'tag' of 7.5-8% meaning for every 100K borrowed they need to achieve £750-£800 per month rent simply to stand still...Madness...

http://firstrung.co.uk/articles.asp?pageid...&cat=44-0-0

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Interest rate rises fail to dent buy to let confidence in the lobotomy club

At what point to buy to let players finally 'get it'? Property is no longer rising in value (other than small pockets of opportunity throughout the UK), rents are static - if not falling ironically due to the increased competition provided by buy to let investors, and buy to let interest only mortgages currently have an average 'tag' of 7.5-8% meaning for every 100K borrowed they need to achieve £750-£800 per month rent simply to stand still...Madness...

http://firstrung.co.uk/articles.asp?pageid...&cat=44-0-0

yes, I'm sure they are optimistic - optimism of a type characterised by Adolf Hitler in his bunker during the spring of 1945.

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