X

Sign Up

or

By signing up I agree to Property Tribes Terms and Conditions


Already a PT member? Log In

Sign Up

Sign Up With Facebook, Twitter, or Google

or


By signing up, I agree to Property Tribes Terms and Conditions


Already a PT member? Log In

Log In

or


Don't have an account? Sign Up

Forgot Password

To reset your password just enter the email address you registered with and we'll send you a link to access a new password.


Already a PT member? Log In

Don't have an account? Sign Up

  • Buy-to-Let

    Time to sit on the side and watch the market?



    UK house prices likely to keep falling for another six months

    Prices in south-east and London likely to fall for whole of 2019, industry survey finds

    https://www.theguardian.com/money/2019/a...six-months

    1
    1

    I have never bought for capital growth - if it think there is more chance then I might buy one over another. But not buying and missing out on 10 years income would sicken-me, even if I ended up in negative equity (as I intend to hold forever - short term decreases are largely irrelevant)


    Vanessa this is a very long time for a property enthusiast to sit out the market. Can I ask, are you finding being a web publisher is a better way to achieve your goals? Or is it an affordability problem?

    2
    0

    Think it depends where.

    London is a big place, wouldnt touch zone 2 to 4 now but central seems to have bottomed out. Worth noting thats after a 25% fall

    0
    0

    I said long ago that the SE would have the biggest drop in uk prices

    and it’s happening now and it will spread through the rest of the country

    its not only the EU factor although it will have an effect the futher South you are

    we have a government who dosent want price inflation so this was why s24 and stamp duty was introduced

    if you take 20% of the market away ie landlords it has to have effect

    on top of that stricter lending and low wage inflation and the result is clear to see

    but the savvy landlord with a lot of cash could do well

    I never though I would be buying again but I am

    I see stagnation in house prices and I see  landlords selling and I see home owner that can’t sell

    if I see a yeild over 8% I will buy via my company

    and I will fix for five years and go capital and repayment

    in ten years I would have paid a third off my mortgage and with the capital I used to purchase the property with 25% mortgage even with out any growth I will be low levarge in 10 years

    don’t be put off buying if the property is right for you

    when others fear to buy opportunity come


    2
    1

    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.


    Hello DL

    I wondered if you would be kind enough to give an example of 8% yield? I find the term confusing, do you include capital growth in this figure? Is it before all costs and maintenance or after? Also, what rate of interest are your company mortgages, and for how long are they fixed? Thank you.

    0
    0

    On my patch, asking prices for 3 bed houses have gone down on average by £11.5K or 2.96% since Nov 2017 and asking prices for 2 bed houses have gone down on average £2K or 0.6% in the same time.

     

    2
    0

    I've been waiting for house prices to fall for the past 7-8 years. In that time I've seen house prices in my city rise and it's got to the stage that houses are sold over the asking price for houses in areas of demand.


    Would be great if I could go back a few years and buy thouse houses. I'm sure in 5,10,15 etc years i will keep saying the same but I will keep buying houses when I have big enough deposits

    0
    0

    I`ve never met a rich person who has sat on the side watching and waiting

    I know plenty of poor people though still sitting on the side watching and waiting

    2010 was a classic year for sitting on the side

    I recall sitting around a table with people still licking their wounds from 2007 /8

    They ummed and arhed whilst  I piled in and prices doubled in 7 years on some

    Buy at 100K today yes  it may go down to 80K  but so what  - in 20 years it will be 200K probably

    And even say it does go down to 80K and doesnt get back to 100K for 5 years you have still won

    400 cash flow pcm x 60 = 24K

    Buy 4 x 24K = 96K income .

    96K income in 5 years for taking action cant be bad surely

    Dont sit on the side and watch the race to financial freedom 

    Sit in the driving seat

    5
    1

    Jonathan Clarke. http://www.buytoletmk.com

    As long as they have a good deposit and the fees

    if your buying on good yeild I agree

    but you need cash in your pocket  the days  of 100 % are over in my opinion

    it’s becoming a rich mans game now


    2
    0

    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 same broad strategy applies as in the past but the entry rules and regs are tougher I agree

    You dont have to be that  cash rich  to achieve  wealth through property  I believe

    Its open to a significant proportion of the masses in this country who have equity in their main ressie

    Many 40/50/60 year olds sit on say 250K equity in the house they live in

    This has built up over the past 20/30/40 years and is sitting there silently but  often not tapped into

    That  cash within their house can be converted into  cash in their pocket to start them off

    I have bare bricks and mortar in my study . I can see a 1000 bricks at a glance

    One of my art deco ideas is to paint a brick  as a £50 note as a visual representation of its inner worth

    £50 x 1000 bricks  can release that equity within . It is what started me off

    Buy then a BTL @ 75% LTV  and in effect get 100% LTV.

    The  other 25% comes from those 1000 bricks

    There is no change to my study  . That still remains entact and visually the same as before

    The £50 notes borrowed from it will be paid back from the BTL`s one day . No rush

    But for now at least those 1000 bricks are working for me not just sitting there being lazy and work shy

    Any rental income after costs and fees is then pure profit

    The ensuing ROI  is infinite as its money from 100% borrowing

    In addition any capital growth is 100% yours and not the lender

    Done with care and due diligence this is still an entirely plausible strategy and  route to wealth

    4
    0

    Jonathan Clarke. http://www.buytoletmk.com