Wednesday, June 18, 2008

BTL is the UK subprime

BTL landlords are touching the 'void'

"More than 50 per cent of landlords admitted having experienced a "void" time when their property did not generate rent. As a result of these voids, 17 per cent of landlords missed a mortgage payment in the past 12 months – up from 9 per cent in quarter four 2007 and the highest level since the research began. still significant demand for the rental sector with people coming off fixed-rate mortgage deals and others selling their property portfolios amid credit uncertainty" Run for cover... Loads of contraddictions!

Posted by confused76 @ 08:52 AM (1071 views)
Please complete the required fields.



7 thoughts on “BTL is the UK subprime

  • “Six per cent of landlords said they had already bought a repossessed property and a further 65 per cent said they were interested in buying one.”

    BTL is a debt-based business – purchases must be financed through borrowing. So how are BTL landlords proposing to borow to fund further purchases without enormous deposits?

    Reply
    Please complete the required fields.



  • “BTL landlords are touching the ‘void'”

    touching cloth more like.

    Reply
    Please complete the required fields.



  • The Bradford and Bingley share price reflects the future of buy to let.

    Reply
    Please complete the required fields.



  • The sentence 17% of landlords missed a payment because of a void.

    If they’re running that close to the edge then there will be serious trouble ahead.

    As the business is based on managing debt, a bad credit rating marks the beginning of the end.

    Reply
    Please complete the required fields.



  • Yep, beat a few of us to it.

    So to add on….. I bet landlords are finding it hard to keep the turtles head under reigns.

    :o)

    Reply
    Please complete the required fields.



  • Still-waiting says:

    inbreda – look up ‘touching the void’ in the viz online profanisaurus.Seems someone at the FT has a sense of humour!

    Reply
    Please complete the required fields.



Add a comment

  • Your email address is required so we can verify that the comment is genuine. It will not be posted anywhere on the site, will be stored confidentially by us and never given out to any third party.
  • Please note that any viewpoints published here as comments are user´s views and not the views of HousePriceCrash.co.uk.
  • Please adhere to the Guidelines

Your email address will not be published. Required fields are marked *

You may use these HTML tags and attributes:

<a href="" title=""> <abbr title=""> <acronym title=""> <b> <blockquote cite=""> <cite> <code> <del datetime=""> <em> <i> <q cite=""> <s> <strike> <strong>