Sunday, September 16, 2007

Go on, fill your boots, knock ya’self out

This is a good market to be a buy to let landlord - Property Secrets

The sub prime mortgage crisis in the US has pushed up the cost of money for lenders, leading them to raise the risk premium on mortgage rates. So even though the UK base rate was held last week, mortgage rates are still on the rise...Meanwhile, about half a million borrowers are coming to the end of fixed rate deals in the next 6-12 months and many of them are buy to let investors.

Posted by converted lurker @ 12:45 PM (977 views)
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7 thoughts on “Go on, fill your boots, knock ya’self out

  • Do these guys ever give up plugging property as a great investment ?

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  • Yet more assumptions that IRs have peaked. What about all that inflation in the pipe?
    Also, the article seems a little contradictory in that it says great time to be a sensible BTL landlord but offers no reason why – it seems to suggest amateur BTLers will be stuffed but doesn’t say what this might mean for prices.
    Anybody else spot why now might be a good time to be a BTL landlord?

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  • I think the illustration says it all…

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  • FirstRung is a site for first time buyers, but what actually constitutes a first time buyer? Is it someone who has never bought a property before, or someone who has not been a property owner for several years? The latter, if they sold their property in the late 1990s to enter rented accom may not be any better off than someone who had never owned at all.

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  • Only if the rent you get is 15-20% of what you pay for the property.and you would be lucky to get that.
    To be honest what has happened to me I find this business against my morals to be a BTLer even if I had money.

    Just morally against..

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  • crash bandicoot says:

    “My money will be going to those cities and countries that offer strong economic growth, plus long-term employment increases”

    Note that he says countries, I can’t imagine any UK city that fits his criteria, unless you count more and more coffee shops as strong economic growth.

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  • Ho ho ho ho ho said Santa to his dawarfs…

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