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Realistbear

" Panicking B T L Landlords Running For The Door "

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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.”
:o

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 by Realistbear

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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! :o:blink::lol:

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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.”
:o

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! :o

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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?

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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.

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"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!

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Guest DissipatedYouthIsValuable
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.”
:o

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.

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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 by sprouty76

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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.

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Guest Popalot

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. :P

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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

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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?

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"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.

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"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.

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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.

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