BTL DOOM

[DimPrawn]

Next stop, BTL crashville!

Hope it takes all the lenders with them. Bwankers meet job centre, job centre, meet bwanker.

[jamesbrown]

Next stop, BTL crashville!

Not until the BoE has had a chance to meddle They're intensely relaxed about property speculation, right up until they aren't anymore.

[AtW]

This article is so devoid of anything useful, that it could have been written by an 8 year old - probably like most of the Tories' manifesto on housing policy.

They got the gist right though.

[AtW]

Over 1m BTL mortgages taken out under 13 years of Labour government, all subsidised by the tax payer.

That's rubbish really, if there wasn't a relief for interest then people would use Ltds, mortgage costs would be a bit higher but with much bigger market risks would be the same for banks.

This so called Conservative Govt isn't creating new houses, they are just forcing redistribution, that's no different from scum Labour policies only Tories increased taxes on top of Labours.

[BrilloPad]

Buy To Let - I have no problem with.

Borrow To Let - No, the cheap easy central bank money is meant for productive businesses is not for pushing up the price of homes and making property spekulators rich and renters poor. Sorry, it's distorting the market it must be stopped completely.

I disagree with this post strongly. It implies that being a landlord is only for the rich.

Buy and Borrow to let distort the market. Or at least where there are more immigrants coming to the UK than new houses being built.

Though the bigger distortion is overseas money invested in the UK, especially London.

The rich, individuals and large companies, sometimes have a very unlevel playing field.

[GB9]

That's rubbish really, if there wasn't a relief for interest then people would use Ltds, mortgage costs would be a bit higher but with much bigger market risks would be the same for banks.

This so called Conservative Govt isn't creating new houses, they are just forcing redistribution, that's no different from scum Labour policies only Tories increased taxes on top of Labours.

No, it was driven by Labour policy.

Why did it increase by over 1m under Labour and not previously the Tories?

[MarillionFan]

Yup, will to be interesting if we see interest rates go up sharply if we get the shock Brexit. Would stuff a lot of BTLers up. And a lot of people who have over-borrowed on their main residences. Could be carnage.

Yes, but as some of us landlords are also sitting on shed loads of cash, as the interest rates shoot up, economy collapses and loads of negative equity and repossessions kick in, I'll just pay in cash, but at a third of the value.

[BrilloPad]

Yes, but as some of us landlords are also sitting on shed loads of cash, as the interest rates shoot up, economy collapses and loads of negative equity and repossessions kick in, I'll just pay in cash, but at a third of the value.

You will pay in cash at true value. Then watch as prices treble. As without immigration and rising house prices the government is stuffed.

[BrilloPad]

You will pay in cash at true value. Then watch as prices treble. As without immigration and rising house prices the government is stuffed.

Oh. I forgot. That assumes you still have cash. I thought you used up all your cash on those sledges.

[AtW]

No, it was driven by Labour policy.

Why did it increase by over 1m under Labour and not previously the Tories?

Because Labour were in power for a generation and during that time house prices experienced explosive growth, same tulip would have happened under Tories also who'd use BTL as means of maintaining demand for housing at the time when normal buyers could not afford it.