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As I've been saying for a long time, the BTL market is underpinned by sub prime mortgages and by definition these people cannot afford to subsidise the deficit between payment and rent ad infinitum. It's easy for us contractors to 'not get it' but a lot of these 'investors' are on average UK wages, which in most cases is below 30k.
Subsidising 30% of the rent is not an option, hence the correction that is on the way. The level of immigration isn't causing a demand for rental that outstretches supply.
The court heard Darren Upton had written a letter to Judge Sally Cahill QC saying he wasn’t “a typical inmate of prison”.
But the judge said: “That simply demonstrates your arrogance continues. You are typical. Inmates of prison are people who are dishonest. You are a thoroughly dishonestly man motivated by your own selfish greed.”
As I've been saying for a long time, the BTL market is underpinned by sub prime mortgages and by definition these people cannot afford to subsidise the deficit between payment and rent ad infinitum. It's easy for us contractors to 'not get it' but a lot of these 'investors' are on average UK wages, which in most cases is below 30k.
Subsidising 30% of the rent is not an option, hence the correction that is on the way. The level of immigration isn't causing a demand for rental that outstretches supply.
Ah yes, but how large a percentage of the BTL market have stretched themselves too far? Enough to cause a crash?
“The period of the disintegration of the European Union has begun. And the first vessel to have departed is Britain”
Ah yes, but how large a percentage of the BTL market have stretched themselves too far? Enough to cause a crash?
It appears to be significantly effecting the value of flats in large cities, the question is will it have a knock on to the rest of the market? I'm not sat here with a voodoo doll wishing for a crash, I have property myself, but it's clear to see the lending policies of the banks became riddiculous, and their mismanagement will effect everyone in the wider economy eventually.
The court heard Darren Upton had written a letter to Judge Sally Cahill QC saying he wasn’t “a typical inmate of prison”.
But the judge said: “That simply demonstrates your arrogance continues. You are typical. Inmates of prison are people who are dishonest. You are a thoroughly dishonestly man motivated by your own selfish greed.”
As I've been saying for a long time, the BTL market is underpinned by sub prime mortgages and by definition these people cannot afford to subsidise the deficit between payment and rent ad infinitum. It's easy for us contractors to 'not get it' but a lot of these 'investors' are on average UK wages, which in most cases is below 30k.
Subsidising 30% of the rent is not an option, hence the correction that is on the way. The level of immigration isn't causing a demand for rental that outstretches supply.
More bollocks. Do you have any figures to back up these random firings of your limited neurons?
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