Banks Pull The Plug On Btl Landlords, Tommorrows Times

Discussion in 'Just Talk' started by boris the blade, Apr 26, 2008.

  1. boris the blade

    boris the blade New Member

    http://business.timesonline.co.uk/tol/business/money/property_andmortgages/article3818913.ece

    The era of the amateur landlord has all but ended, with banks effectively refusing to lend to new entrants to the buy-to-let market.

    Thousands of existing landlords also face huge increases in the cost of remortgaging, experts said yesterday.

    The warning came as HBOS, Britain’s biggest group of lenders, imposed the third increase in the cost of residential mortgages in as many weeks. Cheltenham & Gloucester, the fourth-biggest lender, also increased some of its rates for the second time in three weeks.

    First-time landlords, including parents eager to buy a house for their student children, will now find it almost impossible to enter the housing market.

    The development comes as senior figures in the housing industry predict up to two years of declining house prices. The problems in the buy-to-let market are compounded by fears that the target of many would-be landlords – apartment blocks in cities such as Birmingham, Manchester and Cardiff – are facing a rapid decline in their value.
     
  2. el diablo

    el diablo New Member

    jesus you wrote that at 12.26 am... you really need to get out more perhaps go to the pub etc...i`m not trying to be rude , but you really are a boring git
     
  3. boris the blade

    boris the blade New Member

    jesus you wrote that at 12.26 am... you really need
    to get out more perhaps go to the pub etc...i`m not
    trying to be rude , but you really are a boring git

    He says....at 12:33am lol
     
  4. Burlington Bertie

    Burlington Bertie New Member

    Well if that's not trying to be rude it's a pretty good attempt :^O
     
  5. ponty01.

    ponty01. New Member

    Why post a link and then cut and paste the same text into your posting?

    IWS: It Was Senseless :)
     

Share This Page

  1. This site uses cookies to help personalise content, tailor your experience and to keep you logged in if you register.
    By continuing to use this site, you are consenting to our use of cookies.
    Dismiss Notice