If rents a booming and demand for rental property is booming...

[JoJoGabor]

Yep definitely different affects in different areas of the country. The 5000 or so with B+L are most likely to be outside of London. I have been living in Australia for nearly 3 years and nearly had a heart attack when I saw how much the rent has gone up here. Time to put my boardies and thongs on (maaaaate) and head back!!

[BlasterBates]

<puts plan to invest in BTL on the shelf>

[scooterscot]

...how come:



From Money Week.

Perhaps there is more than one type of landlord. The wannabe and the business owner who thinks twice before jumping on the bandwagon after reading 'how to become a property millionaire' in the daily mail.

[Moscow Mule]

It's going to take a while for rents to rise - people have to sell their houses first

Imagine what would happen if interests rates went back into double digits.

Lot of people who were "stretched" on their fixed rate two years ago are going to be "****ed"

[TimberWolf]

It's going to take a while for rents to rise - people have to sell their houses first

Imagine what would happen if interests rates went back into double digits.

[DimPrawn]

Perhaps because rents aren't booming in inner-cities where lots of silly folk have bought flats at inflated prices?

Panorama last night was interesting - Birmingham has a large oversupply of flats leading to much reduced rents leading to BTLers not being able to afford the message, leading to... DOOM!!!

Good news for AtW.

[Moscow Mule]

...how come:



From Money Week.

Perhaps because rents aren't booming in inner-cities where lots of silly folk have bought flats at inflated prices?

Panorama last night was interesting - Birmingham has a large oversupply of flats leading to much reduced rents leading to BTLers not being able to afford the mortgage, leading to... DOOM!!!

[The Lone Gunman]

...how come:



From Money Week.

Havent a lot of BTLers been funding their BTL mortgage with rent? Rate increases outstripping rent rises could kill a few off.
If there is to be a housing crash then the rental market is going to rise. People have to live somewhere.

[DimPrawn]

...how come:

Well, the main worries for other banks were in Bradford & Bingley's trading update. The group – which is Britain’s biggest buy-to-let mortgage lender – saw bad debts on its buy-to-let mortgages jump by a staggering 50% between the start of the year and the end of April.

More than 3,000 of B&B’s buy-to-let customers are now at least three months behind in their mortgage payments, from less than 2,000 at the start of 2008. Buy-to-let accounts for nearly 60% of the bank’s mortgage book.

From Money Week.