Realistbear Posted September 17, 2007 Share Posted September 17, 2007 (edited) http://www.citywire.co.uk/Blogs/Property/E...rsionID%3d96504 12:03 Monday 17 September 2007 Panicking buy to let property landlords running for the door and heading overseas There might be a whole lot of property being dumped on the market soon. According to Tim Warrington of property portal landlord.co.uk: ‘Our in-house research suggests that many of the 14,000 landlords registered with our site are selling their properties at once. “Too many landlords selling in the UK could send the property market into freefall, as many properties in the buy to let industry are going up for sale. We believe landlords should hold their nerve through these tricky times and look at the UK as a long term investment. “We can understand landlords wanting to cash in on the money they’ve made over the last few years. Unfortunately, their desire to dump their UK properties may start a ‘domino effect’ with other landlords. If the majority follow suit, it could be very damaging for the UK housing market.” Just when we thought the news couldn't get better--it just got better. I'm off for a nice cuppa and a few McVities to celebrate. All we need now is The Sun to go to print with the "C" word on page 1 and its over-bar the counting. Edited September 17, 2007 by Realistbear Quote Link to comment Share on other sites More sharing options...
0q0 Posted September 17, 2007 Share Posted September 17, 2007 I know a few BTL landlords, one has put everything on the market and had a bite but the bite has b-ed off now, so back on the market again, he asked me if I want to buy it! Quote Link to comment Share on other sites More sharing options...
the_duke_of_hazzard Posted September 17, 2007 Share Posted September 17, 2007 "Our in-house research suggests that many of the 14,000 landlords registered with our site are selling their properties at once." is not the same as: "14,000 BTL properties listed all at once" why don't you read things properly? Quote Link to comment Share on other sites More sharing options...
SHERWICK Posted September 17, 2007 Share Posted September 17, 2007 http://www.citywire.co.uk/Blogs/Property/E...rsionID%3d9650412:03 Monday 17 September 2007 Panicking buy to let property landlords running for the door and heading overseas There might be a whole lot of property being dumped on the market soon. According to Tim Warrington of property portal landlord.co.uk: ‘Our in-house research suggests that many of the 14,000 landlords registered with our site are selling their properties at once. “Too many landlords selling in the UK could send the property market into freefall, as many properties in the buy to let industry are going up for sale. We believe landlords should hold their nerve through these tricky times and look at the UK as a long term investment. “We can understand landlords wanting to cash in on the money they’ve made over the last few years. Unfortunately, their desire to dump their UK properties may start a ‘domino effect’ with other landlords. If the majority follow suit, it could be very damaging for the UK housing market.” Just when we thought the news couldn't get better--it just got better. I'm off for a nice cuppa and a few McVities to celebrate. All we need now is The Sun to go to print with the "C" word on page 1 and its over-bar the counting. RUN FOR THE HILLS! RUN FOR THE HILLS! Quote Link to comment Share on other sites More sharing options...
Its time to buy Posted September 17, 2007 Share Posted September 17, 2007 I suspect Landlords to have more than one property - so the number could be greater than 14,000 Quote Link to comment Share on other sites More sharing options...
Bloo Loo Posted September 17, 2007 Share Posted September 17, 2007 I wonder what will happen to those two teachers that own half of Kent? anybody done a calculation on their position if it all goes to rats? Quote Link to comment Share on other sites More sharing options...
Fudge Posted September 17, 2007 Share Posted September 17, 2007 This cant be right because they are in it for the long term. That is as long as house prices go up. Even if their were any greater fools left, nobody will lend them the money. Oh dear, what a shame, nevermind. Quote Link to comment Share on other sites More sharing options...
Realistbear Posted September 17, 2007 Author Share Posted September 17, 2007 "Our in-house research suggests that many of the 14,000 landlords registered with our site are selling their properties at once."is not the same as: "14,000 BTL properties listed all at once" why don't you read things properly? Bee Oh El El Cee Kay Ess! Quote Link to comment Share on other sites More sharing options...
runforthehills Posted September 17, 2007 Share Posted September 17, 2007 RUN FOR THE HILLS! RUN FOR THE HILLS! You called sir? No I am not buying a bl**dy BTL.... Quote Link to comment Share on other sites More sharing options...
Guest DissipatedYouthIsValuable Posted September 17, 2007 Share Posted September 17, 2007 http://www.citywire.co.uk/Blogs/Property/E...rsionID%3d9650412:03 Monday 17 September 2007 Panicking buy to let property landlords running for the door and heading overseas There might be a whole lot of property being dumped on the market soon. According to Tim Warrington of property portal landlord.co.uk: ‘Our in-house research suggests that many of the 14,000 landlords registered with our site are selling their properties at once. “Too many landlords selling in the UK could send the property market into freefall, as many properties in the buy to let industry are going up for sale. We believe landlords should hold their nerve through these tricky times and look at the UK as a long term investment. “We can understand landlords wanting to cash in on the money they’ve made over the last few years. Unfortunately, their desire to dump their UK properties may start a ‘domino effect’ with other landlords. If the majority follow suit, it could be very damaging for the UK housing market.” Just when we thought the news couldn't get better--it just got better. I'm off for a nice cuppa and a few McVities to celebrate. All we need now is The Sun to go to print with the "C" word on page 1 and its over-bar the counting. Good Lord. Such terrible tragedy. Baxter pass my handkerchief, I'm barely able to stifle a tear. I do hope Charlotte will be able feed herself somewhow. Quote Link to comment Share on other sites More sharing options...
sprouty76 Posted September 17, 2007 Share Posted September 17, 2007 (edited) I suspect Landlords to have more than one property - so the number could be greater than 14,000 Yep, any with fewer than 1 isn't much of a landlord - the average must be higher than 1 property per landlord. Edited September 17, 2007 by sprouty76 Quote Link to comment Share on other sites More sharing options...
Lander Posted September 17, 2007 Share Posted September 17, 2007 I agree, once panic sets in amongst the lemmings, it will be a race to the bottom. Quote Link to comment Share on other sites More sharing options...
Bloo Loo Posted September 17, 2007 Share Posted September 17, 2007 so thats 14000 tenants on the streets- whos the loser now Quote Link to comment Share on other sites More sharing options...
sprouty76 Posted September 17, 2007 Share Posted September 17, 2007 so thats 14000 tenants on the streets- whos the loser now Only after the property is sold, and that might take a while by the sounds of it. Quote Link to comment Share on other sites More sharing options...
Realistbear Posted September 17, 2007 Author Share Posted September 17, 2007 Retirement warning issued months ago--but who listened? : http://www.thisismoney.co.uk/retirement/ar...mp;in_page_id=6 Buy-to-let retirement warning Jo "Joanne" Thornhill, Mail on Sunday 30 April 2007 Buy-to-let investors are taking a massive risk by relying on property to fund their retirement. That is the claim of experts who say banking on one type of asset could be a recipe for disaster. Now its too late. Buy low and sell high--snooze you loose. Quote Link to comment Share on other sites More sharing options...
SHERWICK Posted September 17, 2007 Share Posted September 17, 2007 You called sir? No I am not buying a bl**dy BTL.... Quote Link to comment Share on other sites More sharing options...
0q0 Posted September 17, 2007 Share Posted September 17, 2007 Bee Oh El El Cee Kay Ess! you missed the second 'oh' oh I geddit, irony... Quote Link to comment Share on other sites More sharing options...
Guest Popalot Posted September 17, 2007 Share Posted September 17, 2007 Next come the price drops as the BTLers compete with eachother in the wolf pack to be the one to offload at the "least price cut"....... The EAs, faced with this deluge of supply will make a quick calculation. Volume will take over from value and they will press the sellers hard into price drops. Quote Link to comment Share on other sites More sharing options...
Furby Posted September 17, 2007 Share Posted September 17, 2007 so thats 14000 tenants on the streets- whos the loser now Only if they can sell - whose buying? Quote Link to comment Share on other sites More sharing options...
killerbee Posted September 17, 2007 Share Posted September 17, 2007 I suspect Landlords to have more than one property - so the number could be greater than 14,000 I read an article in the Telegraph recently that suggested 130,000 btl investors have over 100 properties in their portfolios. Has anybody got accurate btl figures? kb Quote Link to comment Share on other sites More sharing options...
Its time to buy Posted September 17, 2007 Share Posted September 17, 2007 er 14,000+ empty BTL properties Quote Link to comment Share on other sites More sharing options...
Ash4781 Posted September 17, 2007 Share Posted September 17, 2007 This cant be right because they are in it for the long term. That is as long as house prices go up.Even if their were any greater fools left, nobody will lend them the money. Oh dear, what a shame, nevermind. If they can't sell and cash is king doesn't this put the renters in demand? Quote Link to comment Share on other sites More sharing options...
Flat Bear Posted September 17, 2007 Share Posted September 17, 2007 "Our in-house research suggests that many of the 14,000 landlords registered with our site are selling their properties at once."is not the same as: "14,000 BTL properties listed all at once" why don't you read things properly? I also wish he would just tell it like it is. This over exageration is soooo annoying. Quote Link to comment Share on other sites More sharing options...
Flat Bear Posted September 17, 2007 Share Posted September 17, 2007 "Our in-house research suggests that many of the 14,000 landlords registered with our site are selling their properties at once."is not the same as: "14,000 BTL properties listed all at once" why don't you read things properly? I also wish he would just tell it like it is. This over exageration is soooo annoying. Quote Link to comment Share on other sites More sharing options...
symo Posted September 17, 2007 Share Posted September 17, 2007 I wonder what will happen to those two teachers that own half of Kent? anybody done a calculation on their position if it all goes to rats? Yeah I did, they're f!cked. Anything else you need to know? To be honest a lot of their property was bought 2000 onwards, but I know "she" went mental buying nearly 100 or so after the put in 2005. Was in the Times last in 2005. Quote Link to comment Share on other sites More sharing options...
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