Thursday, November 8, 2007
Amatuer BTL is a Dead Duck
Buy-to-let is now only for the rich
RICS say that the buy-to-let market is officially stagnant as would-be-investors now need 500 percent more capital to put down as a deposit than they did five years ago which makes BTL investments an unattractive proposition for vast swathes of the population.
Posted by enuii @ 08:38 PM (656 views)
2 thoughts on “Amatuer BTL is a Dead Duck”
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confused76 says:
“Amatuer BTL is a Dead Duck”
the article says quite differently: profitable BTL is history
amateurs and professionals are in the same boat: at current price levels, they have to bankroll BTL investments either from own pocket or from past capital profits…. so what’s the point in keeping investing??
Tulipmania says:
“Rising interest rates and rental cover ratios for mortgages have made investment an unattractive proposition for vast swathes of the population”
What a stupid comment. Firstly “vast swathes of the population” will never save enough money to put in their piggybank let alone BTL. Secondly if “vast swathes of the population” were invested in BTL who would be renting the properties? The stupidity of some commentators amazes me!