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Interesting article in the Telegraph says that landlord woes are just a "blip" and that the long-term outlook for us is good!Excerpt:The population of the UK is an estimated 66 million, according to the Office for National Statistics (ONS), and it’s expected to continue growing, reaching almost 73 million by 2041.
But Britain’s housing market is struggling and we are still not building homes fast enough to keep up with demand. Plus, house prices – at an average of £226,234, according to the ONS – are not affordable for many aspiring homeowners.
It’s no surprise that the number of households in the Private Rental Sector rose by 25pc between 2011 and 2018, to 4.5 million, according to the government’s English Private Landlord Survey. This makes it the second largest tenure in England and home to a fifth of all households – 35pc of which are families with dependent children.Rental demand remains high, rents are higher still – up to £861 a month, according to Your Move – and buy-to-let mortgage rates are low.
So, while continued challenges for landlords (and there are more to come) mean we are likely to see the buy-to-let market stagnate in the near future, the long-term demand for the sector is clear.
As history has shown us, the Private Rental Sector always bounces back.Full/source article SEE ALSO - 9 irrefutable reasons why property is still a viable investment + Landlord SurvivalUP NEXT - Seeing the angles - a silver lining from S24DON'T MISS - Massive silver lining to give landlords hope?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**
The demand continues to increase. 350k legal and say 150k illegal immigrants every year need to live somewhere.There is really no disputing this, stories about EU citizens bailing out pre Brexit ignores the fact that there is currently record numbers of EU nationals UK.For accommodation if there was a magic million house available tomorrow they would be gone in a flash. Building more of course but 200k per year is nothing. So that alone will keep rents up.What could change? Well anti B2L measures is reducing the sector by an allegedly 4,800 per month does nothing to help and the stupidity of rent control and Corbynistic hate measure will just make things worse.We continue to invest and keep exposure down by not going over 75% and using repayment to create a slow reduction of debt. We have chosen HMOs to a very good standard and including popular extras, high speed internet as we attract gamers, hugely popular has worked. The future is good.
" stories about EU citizens bailing out pre Brexit ignores the fact that there is currently record numbers of EU nationals UK. "What those stories don't say also is that there are more people coming to live in the UK from the rest of the world each year than Europe. There is an unhealthy interest in Europe imho, like the rest of the world doesn't exist? If it's anything to do with Europe = good, ROW = bad.
It's not just all the immigrants. All the blo0dy old people just won't die!
As an elderly immigrant what should I do? Submit to involuntary euthsnisia?
Shawbrook reports resilient post-Brexit outlook amongst brokersThe annual Shawbrook Broker Barometer reveals a positive sentiment for 2020Despite the current political climate, commercial mortgage brokers remain optimistic about the year ahead, according to Shawbrook Bank’s Broker Barometer. With a resilient outlook, almost seven in ten (67%) stated that they feel confident about the lending environment in 2020.Other key findings from Shawbrook’s Broker Barometer:
Emma Cox, sales director for Commercial Mortgages comments: “Despite the broker community showing some concern around the impact of Brexit as the deadline draws near, their confidence in business and the commercial property market for 2020 is still high.
“As stated in our UK Commercial Property Market Report, there is still opportunity for experienced investors to grow and diversify their portfolios, providing they do their homework and seek appropriate advice. The barometer results have further highlighted this trend with a number of commercial mortgage brokers citing a large increase in the number of investors diversifying into the market. Clearly the impact of Brexit is unpredictable outside of the standard uncertainty commentary, but there is still opportunity to grow, as the barometer results show, with many brokers reporting an increase in business volumes. However, it’s important to remember that not every commercial property investment will automatically generate great returns, and that doing your homework on potential investments is hugely important.
“As we have always stated, longevity and sustainability of market are key, and investors who work with experts across the lender and broker spectrum will be best placed to take advantage of future value that presents itself.”