July 2018 Archive

Thursday, July 26, 2018

Warning of the risks of buy to let incorporation


A detailed look at the issues buy to let landlords need to consider when contemplating moving a rental property business into a limited company structure.

Posted by andrew pelis @ 03:30 PM 0 Comments

Wednesday, July 25, 2018

Borrowing subsidy

Evening Standard: Playing too safe on pensions is costing companies

Unusually excellent article from london standard. Points out that returns on stocks are 7% but for gilts slightly negative in real terms, but that pensions are forced to calculate on known returns. There are no guaranteed equity returns so they are forced into gilts. My view is that pension funds are forced to provide free loans to government. Anyway, -if- pensioners every manage to do anything about being fleeced (which they have known about for ages without doing anything, in fact legislation to force lending to gov. is worse) then borrowing costs would be going up, and a lot. What is also interesting is that you might think stocks have gone up a lot because of QE, but they would have gone even further with pension purchases.

Posted by stillthinking @ 12:27 PM 4 Comments

Monday, July 23, 2018

Blamed on surge in sellers

Guardian: UK house price slump

A surge in homeowners putting their property on the market – just as buyers melt away in summer – is depressing house prices, according to the biggest property website, Rightmove.

Posted by peter_2008 @ 08:34 PM 3 Comments

1995 all over again ?

BBC: Rise in lenders valuing homes below sale price

Actually I have just spotted a massive error in their title. The sale price is determined at completion. Any figures before then are just indicative. The comments are interesting many mirroring what many people hear have been saying for years. On a personal note I am guessing this is what happened to me in 1995 when my "Buyers" who had offered £52K couldn't get a big enough mortgage. That was for a house that I had paid £65K for in 1989 (but with only a £40K mortgage).

Posted by tenyearstogetmymoneyback @ 06:50 PM 1 Comments

Friday, July 20, 2018

Extraordinary, councils asking landowners to pay for services!

Daily Mail / This is Money: A buy-to-let register by the back door? Councils are introducing landlord licence schemes costing up to £1,000

If a tenant doesn't pay their council tax, the rubbish still gets collected, the roads still get maintained and lit, courts and police will enforce the landlord's property rights, etc. The landlord gets all of this for free, it's only fair that councils attempt to get some revenue from landlords. Much simpler solution is to just make council tax payable by the LL. Viola - bad debt eliminated, collection departments can go down to a fraction of their size as there won't be nearly as many changes on the account payer, etc. And the ridiculous 25% reward for living alone could be scrapped.

Posted by mombers @ 12:52 PM 14 Comments

Monday, July 16, 2018

Dollar demand

Business Insider: Venezuela's inflation hits more than 40,000%

Venezuela has a population of 30 million, is oil rich, is screwed at the moment. When all the smoke settles if they every sort themselves out they will be on a dollar standard. Another 30 million to soak up federal easing side effects.

Posted by stillthinking @ 08:45 PM 5 Comments

Friday, July 13, 2018

Stalemate or Crash?

BBC: Properties taking longer to sell in sluggish market, says RICS

Properties in the UK are taking longer to sell than a year ago owing to the "uninspiring" housing market, according to surveyors. Last spring it typically took 16 weeks between a home being listed and being sold, the Royal Institution of Chartered Surveyors (RICS) said.

Posted by peter_2008 @ 06:27 PM 2 Comments

Wednesday, July 11, 2018

Flipping housing ministers

Moneyweek: Britain must stop flipping housing ministers

Might be of some interest to the HPC brethren

Posted by frizzers @ 10:19 AM 0 Comments

Monday, July 2, 2018


Torgraph: Equity release warning

BoE peddles the lie that house prices can be removed from inflation indices despite being -the- most inflationary price of all, coming mainly from new as opposed to pre-existing credit expansion, has decided to step in on equity release. Equity release, is credit expansion without even bothering with the courtesy of a signatory to the obligation. Housing is different from apple production, you have to double production of apples, houses you just need double the amount of willing sellers and et voila (effective) supply is doubled. Equity release not only removes a house from the sale pool (only) delaying an increase in supply, but also by insinuation set valuations without any real input from the real marketplace. The classic disconnect.It must be on the increase and becoming significant

Posted by stillthinking @ 09:32 PM 7 Comments

Sunday, July 1, 2018

Many dreams can come true it can happen to you if ....

The Guardian: Landlords react with fury to three-year tenancy plans

I think the "reacting with fury" is a bit of an exaggeration . Lets see what happens with the Consultation. Prima facie sounds like a good idea to me... over to you mombers?

Posted by techieman @ 05:58 PM 2 Comments

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