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The number of landlords in the private rented sector is in decline, according to new research from Countrywide. Full/source story - Letting Agent TodayWhat would be interesting to know is WHY? Have landlords been exiting the sector due to Section 24?SEE ALSO - Change in landlord behaviour re: Ltd Co'sUP NEXT - Changing landlord dynamics & rent risesDON'T MISS - 1 in 4 landlords to exit due to Section 24NOW 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**
The George Osborne plan is working ??
The Large Landlords on low leverage will grow via Company formation
The way ahead is clear
Learn Change and Adapt ?????
You would think that GO plan is working - the plan of was to give FTB the advantage over BTL.The title "Countrywide says landlord numbers down" may make you think that but the rest of the title "but portfolio sizes are up" does not.Other data shows that the number of transactions are down overall. This would suggest as Landlords take the foot of the pedal that FTBs are not filling that gap.
Is George Osborne plan therefore working? Its yet to be seen. Mortgage Broker friends I talk to suggest FTBs are waiting to pounce once house prices fall - so could well do in the future.
_________________________________________________________________________The above post is not financial advice, its often me rambling - passing time on a coffee break.If you are looking for the Best BTL Mortgage? Call the Specialist Team at Bespoke Finance._________________________________________________________________________
Agreed DL. The institutional investors are moving in!See - 5 threats that should be on landlords' radar
I am currently looking to buy a further two more btl properties. As you can imagine, we have seen dozens of properties on the market and I’m staggered... 80% are investors selling. Last year the ration was the other way around. There is definitely a tidal wave of investor properties coming onto the market
Give it a few years and the stream we have now will be a river
I am just sitting planning and watching
But I am not buying Interest rate rises ,s24,PRA, have yet to have effect in a major way The Govt will get its wish landlords will sell off and run
You are only seeing the start
and for Landlords with a lot of money set aside its a golden opportunity to make a lot of money
Buy on very positive yield and you cant go far wrong
Lets hope so DL
If I was a cash LL I reckon I would be a little dubious investing in what might be BMV properties now.
Over the coming years surely properties will become even more BMV.
Such cash LL will surely wait for the full effects of S24 before they swoop down and make a killing on BMV property
Prices are only going down for at least the next few years as S24 LL get out of the PRS.
LL have been a major component of property buying which has supported such property prices.
Remove those buyers and property prices must soften unless of course those mythical FTB that are supposed to have been prevented from buying by nasty LL choose to buy these ex-LL properties! !!!
Somehow I doubt we will see the rise of the FTB to support demand and therefore prices.
That's why I am standing back
there will be a harvest of BMV property coming to market in a few years
and with selling to my Ltd Co I am happy to see prices fall No CGT and lower Stamp Duty
I wish publications like lettingagenttoday would note the source of the data. Where is CountryWide getting this from?
Countrywide are probably the largest letting and estate agency group in UK. aAong with owning the largest surveying company they are in a unique position to comment on the state of the market