Saturday, December 22, 2007

And now let us cheer up with festive news!!! BTL is dead!

Buy-to-let in crisis if not in freefall

"One of the biggest pressures on surveyors currently is on rental value. We get hundreds of calls a week from buy-to-let investors who want to push rental figures as high as they will go. But surveyors have a responsibility and a duty to the lender to give realistic advice." P.doff, where are you? can you please comment to the role of surveyor in this BTL craze. Similar to the role of equity analysts in the dot-com bubble. "the perfect storm would be if legislation were to affect the offset of interest payments on a loan against tax. More than a quarter BTLs would offload significant parts of their portfolios." Well, well, well... Alistair Darling sure will need some cash going forward... less City taxes, less oil taxes...AHAHHAHHAHA

Posted by confused76 @ 11:41 AM (831 views)
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2 thoughts on “And now let us cheer up with festive news!!! BTL is dead!

  • “What would cause the perfect storm would be if legislation were to affect the current facility for investors to offset interest payments on a loan against tax.”

    No, Mr Darling (with Gordo’s hand up his arshe) is too obsessed with ruining small business and free-lancers with CGT and IR35.

    He turns a blind eye to the BTL and off-shore scummers. Wonder why ?

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  • dohousescrashinthewoods says:

    Sayanara to the orange landladies. If prices halve and a BTL has 2 properties, they will lose the full price of one house in today’s money. Poor sods, especially as that will be the price of 2 houses in the future.

    We’ve seen what has happened to big banks operating on leverage – and they are cunning enough to dump their problems on others. BTL are going to be financially disembowelled.

    I look forward to buying a home for cash.

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