Bloo Loo Posted September 17, 2007 Share Posted September 17, 2007 I also wish he would just tell it like it is. This over exageration is soooo annoying. SO HOw many of the landlords are registering- haow many is many- is it 6? Quote Link to comment Share on other sites More sharing options...
Fudge Posted September 17, 2007 Share Posted September 17, 2007 Only if they can sell - whose buying? If my landlord decides to sell, I could be persuaded, if the price is right. Quote Link to comment Share on other sites More sharing options...
Scunnered Posted September 17, 2007 Share Posted September 17, 2007 I do hope Charlotte will be able feed herself somewhow. Mmmmffff! Quote Link to comment Share on other sites More sharing options...
R K Posted September 17, 2007 Share Posted September 17, 2007 Is there no BoE/Darling bail-out for all these BTL Pension investors that are going to get spanked then? Quote Link to comment Share on other sites More sharing options...
Agentimmo Posted September 17, 2007 Share Posted September 17, 2007 Friend working for a French bank in the south of France says that the last 2 weeks has seen frenzied activity from overseas customers phoning up to tell them they've put their flats/houses on the market. According to him, mostly the Brits, Irish and Dutch. Market was very calm over the summer. Now's the time of year you'd expect the buyers to be active, but he says it's the compete opposite. My take is that these are your usual MEW's and BTL's abroad who thought capital gains would keep them fine and pay the mortgage. Some even have euro mortgages from UK banks as the French bank wouldn't give them the loan. Interest rates and change of sentiment is seeing them pile out of the market just like RB has reported is happening in the UK. That compact and bijou 2 bed flat with a view over Nice may soon be mine....but I'll give it another 12 months yet..... Quote Link to comment Share on other sites More sharing options...
Realistbear Posted September 17, 2007 Author Share Posted September 17, 2007 Think in terms of "musical chairs." Only with a slight difference. They suddenly eliminated the chairs. Great Crash 2 did arrive in the UK "like a thief in the night" didn't it. Quote Link to comment Share on other sites More sharing options...
jimmyjazz 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? he's an old codger that's why Quote Link to comment Share on other sites More sharing options...
sign_of_the_times Posted September 17, 2007 Share Posted September 17, 2007 he's an old codger that's why gotta love him though ! Quote Link to comment Share on other sites More sharing options...
Access Denied 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. I pointed out this was showing up in Council homeless statistics back in June only to be rubbished by the bulls on here. It will be interesting to see how many more are bailing out when we do the end of quarter return in two weeks. Quote Link to comment Share on other sites More sharing options...
stonethecrows Posted September 17, 2007 Share Posted September 17, 2007 I pointed out this was showing up in Council homeless statistics back in June only to be rubbished by the bulls on here. It will be interesting to see how many more are bailing out when we do the end of quarter return in two weeks. You aint seen anything yet-wait til they're having to pay B&Bs to provide temporary accommodation again and hostels are opening back up! Quote Link to comment Share on other sites More sharing options...
Access Denied Posted September 17, 2007 Share Posted September 17, 2007 You aint seen anything yet-wait til they're having to pay B&Bs to provide temporary accommodation again and hostels are opening back up! Unfortunately, the taxpayer will be paying for it, along with bale-outs for Northern Crock, Bradford and Bungley et al. Quote Link to comment Share on other sites More sharing options...
Guest AuntJess Posted September 17, 2007 Share Posted September 17, 2007 I also wish he would just tell it like it is. This over exageration is soooo annoying. You just said that! Quote Link to comment Share on other sites More sharing options...
wotser Posted September 17, 2007 Share Posted September 17, 2007 (edited) First sign of a panic for BTLers is when rents are raised to cover higher costs ( increased interest rates and capital losses ). I think this has already happened but was presented in a distorted fashion by the media last week! Next they will find there is a ceiling for rents beyoond which tenants cant and wont pay. Not good. Then as capital values get more eroded and costs increase there will be a rush to sell. Meanwhile the smart ones have been selling over the past year, quietly, and have been taking profits. Having said that cutting your losses and selling on the way down once the market has turned is not a bad strategy. Especially if you move quickly Edited September 17, 2007 by wotser Quote Link to comment Share on other sites More sharing options...
erranta Posted September 17, 2007 Share Posted September 17, 2007 Think in terms of "musical chairs." Only with a slight difference. They suddenly eliminated the chairs.Great Crash 2 did arrive in the UK "like a thief in the night" didn't it. RB How many of them actually 'get' your Biblical quotes? Almost a waste of time - but then it says "if you don't warn you are just as culpable" - ya canny win! Quote Link to comment Share on other sites More sharing options...
Converted Lurker Posted September 17, 2007 Share Posted September 17, 2007 AND WHERE...are the buyers going to come from?? These turkeys never learn. You gotta sell "early", when there's still liquidity in the market. I'm glad i did by "sell early" do you mean 2004? Quote Link to comment Share on other sites More sharing options...
EmpiricalBear Posted September 17, 2007 Share Posted September 17, 2007 (edited) I don't believe the original story. I just looked at landlord.co.uk and as a site it sucks. This is just a PR puff to try to attract users to a moribund site. It may be true that BTL's are looking for an exit, but I don't believe this guy has research to back it up. I don't believe he has enough users to justify this. The comments about council tenants by an HPC poster seem to have more validity frankly. Edited September 17, 2007 by 2MeterBear Quote Link to comment Share on other sites More sharing options...
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