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  • Mortgages & Finance

    BTL transactions set to fall say Paragon

    Paragon has claimed that higher tax costs will lead to a lower level of buy-to-let remortgage transactions going forward.

    Paragon’s PRS Trends Report for Q1 2019, which tracks the experience of more than 200 landlords with an average of 12.8 properties and over 20 years’ experience in the UK’s Private Rented Sector (PRS), shows that while landlords in this group remain engaged in the sector, they are now prioritising measures to bolster financial strength over portfolio expansion.

    Specifically, the survey shows how landlords have scaled back their buying intentions, reduced their reliance on mortgage debt and improved affordability by spending less of their rental income on mortgage payments.

    https://bestadvice.co.uk/buy-to-let-remo...t-to-fall/

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    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.

    This quarterly Landlord Survey has shown over 20% of landlords intend to sell in the next quarter.

    This has been going on for 3 years now.

    I'm no statistician but by that reasoning shouldn't Landlords now an endangered species?

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    My posts are not financial advice, just a rambling guy passing time on a coffee break.
    The team at Bespoke Finance offers advice, including Limited Company Buy-to-Let , HMO Conversion and Cheap Life Insurance.

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    Give it time give it time ?and we will see more landlords sell up for one reason or another

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    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.

    We've been listening to the same "we are selling" nonsense for at least three years now.
    Yet estate agent windows are empty, we can wait more DL but...
    This typical landlord strop of "im selling" in which FTB and Government celebrate. Is getting a bit boring.

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    _________________________________________________________________________


    My posts are not financial advice, just a rambling guy passing time on a coffee break.
    The team at Bespoke Finance offers advice, including Limited Company Buy-to-Let , HMO Conversion and Cheap Life Insurance.

    _________________________________________________________________________

    Feel the same about the standard RLA/NLA/ARLA response of 'rents will rise'. They've been wheeling it out for years in response to every issue but... nothing of note actually happens. No wonder people just ignore them.

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    Ooh can I play? There's a third one to go along with those two - the number of time Fergus Wilson has claimed he has "just sold" all/most/some of his houses. It's been going on the longest!

    And the number he claims to own keeps fluctuating every time it's reported, too.


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    And again I'll ask the question, if everyone is throwing a strop and selling up, who is buying the houses that are being strop-sold ?

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