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  • Buy-to-Let

    How much further for Government intervention?

    Ok, there is contradictory evidence regarding the negative effects Private Housing Providers have had on the ability of first time buyers to buy into the market, most of it suggesting that the effect was fairly insignificant given the overall size of the UK housing sector. It’s certainly not a problem anymore anyway! Few private housing providers are in the market and many are leaving. Yet demand for rental accommodation continues to rise and rise. There is only so much imbalance of supply and demand that can be sustained without a lot of public grief surfacing to attract the attention of politicians.

    Question is ‘ how will they react? Will they kill off the Private housing providers and exacerbate the demand continuim, spend money they won’t have subsidising the growth of public housing, leave it to the corporates who won’t be interested in providing anything ‘affordable’ for most renters or just throw money at the ‘ temporary accomdation providers’ to dig them out of a hole.

    My guess is all of the aforementioned and at least a decade before they wake up and smell the coffee. Is it worth the wait? Maybe if you are youngish and resilient you will eventually do well. The fundamentals are a strong and inescapable recipe for success. it’s just the delusional political classes making an absolute catastrophe out of a crisis and all for misplaced short term vote gathering.

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    10 years time -

    Much more build to rent that it impacts on rent levels for all properties, as rents for flats comes under pressure those in HMOs will feel they can afford their own flat, those in small houses will notice that the rent for flats is significantly cheaper and consider the savings to be made to move into a flat, then rent reductions impacts along the property chain.

    Further tightening of regulations for HMOs and individual council tax on all rooms.

    Removal of all tax credit on mortgage interest, possibly linked to money to be used to increase housing allowance for those most in need.

    Restrictions on company tax relief on mortgage interest.

    Increase in insurance funds to invest in BTL and BTR.

    Tweaking of additional stamp duty, easy to move up or down for different property types or areas.

    Tighter control on AirBNB.

    Rent a room allowance increased.

    Higher interest rates for borrowings and savings that other investments become attractive compared to BTL.

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    You make further good points. All leads to " the death of the private landlord" heading for my new book!

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    I can’t fault your views

    I have never been so disappointed with the sector than I am now

    we are there to be punished for trying

    I can’t Help thinking it’s a Tory Government that has stabbed us in the back

    I’m not sure Labour would have done us so much harm but if the grey haired old man comes to power, God help us!

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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.

    Some good comments. I do think there is a lot of nievity around the property market at present.

    I am currently selling down one property a year to take advantage of the CG allowance as I do agree that we need to change and approach the PRS with caution for the foreseeable future.

     I was looking around an upcoming auction property yesterday and overheard a conversation taking place between a couple and a young chap and it appears they were discussing what property courses they were either doing or have done.

    They mentioned a well known property training company and I was amazed at the figures they were quoting as having spent or were going to spend on the training, the couple were talking about spending over £25k as they believed they would be able to get this back and more by deal sourcing in their first year! They also then went on to talk about how there was no risk as it was all on the investors shoulders!

    You can understand why so many people are now "property experts and embark on a training company when people are spending these sums!

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    The thing I always think about on the guru courses is they never mention the customers who are going to live there

    i always say buying a property is the easy bit - managing the property is the hard bit

    Paying for a course is foolish

    I think we see some results here ? The new investor goes to a guru and thinks it’s a walk in the park when it’s not

    if you're doing BTL right, it’s a job and you learn something new every day

    Dealing with the death of a tenant is never covered on a course and arranging their funaral because there is no one else is not on the get rich books

    The responsibility we have should never be over-looked

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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.


    The "well known property training company" didn't happen to be the subject of a very long thread on here, did it? Any particular reason not to name and shame?


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    My question is this what will the PRS look like in 5 years time or 10 years time

    Very simple, I'll buy a house, I'll rent it out, I'll follow whatever the rules are at the time.

    If unencumbered or at least low leverage, you can afford to work with whatever is thrown at you.


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    Rent control secure tenancy

    it’s all happened before

    BTL is the new boy on the block really

    just look at the history of landlords and you can see what can happen

    just because you own a property dosent mean that one day your tenant has more rights than the Landlord


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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.


    If all of that happened:

    I'd still carry on renting out houses !

    It's no big deal

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