Birmingham bedsit price crash special

[Xenophon]

By Graham Ruddick (AtW's comment: Graham - change name to Riddick, it would sound cooler.)

[DimPrawn]

weren't - drops that big make me tempted. BTL anyone?!

Cash buyer or via a BTL mortgage?

Cos, there ain't any BTL mortgages out there now that make financial sense.

[b0redom]

Yeah, I've been looking for a B2L providor. I've found a really good deal in probate, but when I put in 80% L2V I didn't even get 1 hit from Charcol, 75% gave me about 5 hits, but they were all rubbish rates.

Foiled again!

[SantaClaus]

Good family houses will always be a better investment than flats, especially in London. There just isnt room to build any more.

[ASB]

Cash buyer or via a BTL mortgage?

Cos, there ain't any BTL mortgages out there now that make financial sense.

Were there ever?

I'm on base -0.26% with A+L (no collar). To be fair it is residential, they used to give permission to let for 3 years and now only give it for a year (at roughly the same fee). I've just renewed it and whined. They did seem to suggest they were reviewing their entire loan book when it came to finance of anything non owner occupied. So I think I can see what's probably coming.

[DimPrawn]

Good family houses will always be a better investment than flats, especially in London. There just isnt room to build any more.

Good family houses in London are so cheap too.

[sasguru]

Middle class houses and period conversion garden flats in good areas of London have been for hundreds of years, still are and will be going forward, excellent long term investments. Current dip nothwithstanding.
Just waiting for said props to hit bottom.

HTH

[BrilloPad]

A property is only worth what someone will pay."


Izzat a fact ?

Then Ah'll gieye a fiver firrit

value = vanity : debt = reality

[AtW]

Middle class houses and period conversion garden flats in good areas of London have been for hundreds of years, still are and will be going forward, excellent long term investments.

Not just before 1666 they weren't.

[sasguru]

Not just before 1666 they weren't.

Oh yes they were. Suburban houses rose in value hugely due to lack of supply, I bet.