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Half of current landlords would not enter the buy-to-let market for the first time now.
Rather than invest, they would stay out of the market, citing government intervention, regulatory changes, economic uncertainty and a lack of returns.
Out of 738 landlords asked for their opinions, 40% said they would still invest in buy-to-let, saying it provides better returns than other types of investment and they believe property can still deliver capital growth.
Only one in four landlords said they intended to increase rents over the course of the next 12 months, while a majority of landlords believe they are renting out at least one of their properties below market rental value.
Half (51%) called for the Government to U-turn on policies designed to squeeze private landlords – specifically, the 3% Stamp Duty surcharge on the purchase of buy-to-let properties, and the phasing out of mortgage interest tax relief.
The landlords were taking part in a poll commissioned by mortgage lender Foundation Home Loans.Source articleObviously 738 of 2.5 million landlords is a very small survey, so not sure how accurately it reflects landlord sentiment.On an anecdotal level, Property Tribes has never been busier and we have new landlords joining every day who are just starting out. They understand the challenges and are seeking to educate themselves to overcome them, but they still want to invest in property.If you are a new landlord starting out, please let us know your thoughts on this topic!SEE ALSO - Graham Rowan - "BTL in 2019? I'm out!"UP NEXT - State of BTL - No more "Rich Dad, Poor Dad"DON'T MISS - Let's hear your CURRENT BTL success stories!NOW WATCH:
Vanessa Warwick Landlord and Co-Founder of PropertyTribes.com **If you have got value from Property Tribes, find out how you can support it in remaining a free to use community resource**
My own findings are from Agents and Mortgage Brokers is new purchases for BTL have fallen off the cliff
Brokers I find are busy with Remortgages
BTL has a tail wind Bank Rates are Low and folk are looking for a better deal to provide and income or a Pension or a nest egg to pass on
But the Tail wind can give a false impression A great number of potential Landlords just see the History of BTL and House Prices and they come to BTL thinking what was achieved in the past 20 years can and will happen again
A new BTL Landlord can make money but they need a lot of Money in the bank to start with and that is a major difference from 20 years ago
My own feeling is large Landlords will get larger they should have larger Bank Accounts to fund Deposits and Fees
This, in my opinion , is the 40% who say they will buy
Taxation and regulation has effected the Market
But If you really want something and you're dedicated, the prize of wealth is there for the ones who have a large cash pot now.
Learn Change and Adapt ?????
All comments are for casual information purposes only. If you wish to rely on any advice I have given please ensure you obtain independent specialist advice from a third party. No liability is accepted for comments made.
Well said DL. Still plenty of opportunity for those with a large starting cash pot who educate themselves and structure their business in the most efficient manner possible!
My findings are the ones who are expanding are the ones who treated BTL is a business from the start
We will see what I call the "Dinner Party Landlord" stagnate or leave in general.
I love a dinner party - pass the grilled prawns please! and am still here still doing it...
DL you are right, you need cash. That doesn't really exclude anyone who could have been a landlord before (except from some rare periods where lending was out of control), you have always needed assets or income to borrow money. If you have income, you can create cash. It's the age old formula:
Income - Expenditure = Cash or Debt. We get to choose.
Im desperate to buy more currently, but must admit ive never looked as far away from usual 3 mile area as there's just nothing worth buying currently, even big national agents are 40% down on stock compared to last year. Its a funny time at the minute.
I didnt see the word Toxic in there maybe i missed it ?
Toxic means poisonous .
So 40% of the minute 0.04% LL`s surveyed are still investing in BTL
So they are deliberately killing themselves it seems .
I don`t think so . Must be a typo surely
For Toxic - read - Non Toxic
Jonathan Clarke. http://www.buytoletmk.com
No mention of "toxic" in the article. Please forgive the artistic licence used in the title JC. I was struggling to find a title that fit in the number of characters available!!
Ooh perfect reasoning V . I like it
Fortunately one doesnt have the restraint of characters in the free text reply space
And as I`ve just renewed my artistic licence last week l will make an edit .. So here goes