Tuesday, February 26, 2008

Revival of BBC comedy

Buy-to-let market still thriving

"None of this is surprising, this is the most prime sort of lending," said Malcolm Harrison of the Association of Residential Letting Agents (ARLA).

Posted by cheekie charlie @ 12:44 PM (869 views)
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3 thoughts on “Revival of BBC comedy

  • Cheekie Charlie says:

    Heard the joke about the prisoner who was approved for 9 BTL mortgages!!

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  • “And the repossession rate was just 0.1%, compared with the 0.23% rate seen for the whole market.”

    The BBC is being dishonest for taking this claim at face value. Most of the properties are sold off cheaply and quietly as “distressed seller” auctions (in other words buy to let landlords facing repossession).

    Thoroughly irresponsible reporting.

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  • It probably does have a lower rate of repo – in a rising market. BTL landlords have their earned income as well as their tenants bood (I mean rent money) with which to pay the mortgage. They can tehn reap the rewards of capital gains.

    If there are any.

    If not, they will soon start handing their keys back.

    In a rising market they are least likely to be distressed sellers. In a falling market they are most likely to be distressed sellers.

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