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pcernie
Legend
Joined: Sun Apr 26, 2009 12:30 pm
Posts: 45931
Location: Belfast
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Lending to landlords topped £5bn in the past three months, a period that preceded the Bank of England's pledge this week to keep interest rates low for the next three years. More than one in 10 mortgages are now being handed to a would-be landlord while first-time buyers are still struggling to get on the housing ladder. http://www.theguardian.com/money/2013/a ... -mortgages  _________________Plain English advice on everything money, purchase and service related:
http://www.moneysavingexpert.com/
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| Thu Aug 08, 2013 11:57 pm |
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Amnesia10
Legend
Joined: Fri Apr 24, 2009 2:02 am
Posts: 29240
Location: Guantanamo Bay (thanks bobbdobbs)
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So business as usual.
_________________Do concentrate, 007... "You are gifted. Mine is bordering on seven seconds." https://www.dropbox.com/referrals/NTg5MzczNTkhttp://astore.amazon.co.uk/wwwx404couk-21
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| Fri Aug 09, 2013 6:50 am |
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jonbwfc
What's a life?
Joined: Thu Apr 23, 2009 7:26 pm
Posts: 17040
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/facepalm
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| Fri Aug 09, 2013 8:18 am |
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Spreadie
I haven't seen my friends in so long
Joined: Fri Apr 24, 2009 6:06 pm
Posts: 6355
Location: IoW
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It would cost me more to rent a property similar to mine than is does to buy it (including buildings and life insurance).
The housing market is the UK is permanently FUBAR, because any measures taken to get it under control would cripple the buy-to-let landlords (who now number in the hundreds of thousands, apparently). I seriously doubt my children will ever be able to buy a house.
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Before you judge a man, walk a mile in his shoes; after that, who cares?! He's a mile away and you've got his shoes!
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| Fri Aug 09, 2013 9:28 am |
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Amnesia10
Legend
Joined: Fri Apr 24, 2009 2:02 am
Posts: 29240
Location: Guantanamo Bay (thanks bobbdobbs)
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Not without help from you. _________________Do concentrate, 007... "You are gifted. Mine is bordering on seven seconds." https://www.dropbox.com/referrals/NTg5MzczNTkhttp://astore.amazon.co.uk/wwwx404couk-21
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| Fri Aug 09, 2013 9:42 am |
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mikepgood
Doesn't have much of a life
Joined: Thu Apr 23, 2009 6:23 pm
Posts: 710
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I'm a buy to let landlord.
In the fortunate position that some endowments actually paid out and was able to buy somewhere for my son to live at Uni. Another student shares, which covers the costs and brings in more than I would get in interest.
Plus it's the north east where prices are lower.
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No Apples were used in the making of this post.
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| Fri Aug 09, 2013 10:20 am |
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pcernie
Legend
Joined: Sun Apr 26, 2009 12:30 pm
Posts: 45931
Location: Belfast
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Families priced out of London homes as mortgage lending soars http://www.theguardian.com/society/2013 ... elp-to-buy_________________Plain English advice on everything money, purchase and service related:
http://www.moneysavingexpert.com/
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| Sat Aug 10, 2013 9:53 pm |
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bobbdobbs
I haven't seen my friends in so long
Joined: Thu Apr 23, 2009 7:10 pm
Posts: 5490
Location: just behind you!
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most families have been priced out of london for the past decade Sent from my GT-I9505 using Tapatalk 4 _________________Finally joined Flickr
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| Sun Aug 11, 2013 10:01 am |
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Amnesia10
Legend
Joined: Fri Apr 24, 2009 2:02 am
Posts: 29240
Location: Guantanamo Bay (thanks bobbdobbs)
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It is just moving further up the income scale. _________________Do concentrate, 007... "You are gifted. Mine is bordering on seven seconds." https://www.dropbox.com/referrals/NTg5MzczNTkhttp://astore.amazon.co.uk/wwwx404couk-21
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| Sun Aug 11, 2013 10:36 am |
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