BTL - Staying in or shipping out?
Discussion
What are fellow BTLers doing ahead of the various changes that are designed to undermine the private landlord?
I'm torn. Most of my properties are prime and have good equity levels, I had some valuations in today and it's very tempting to lock in gains but this goes against my naturally long term outlook.
But if I look at whats going on globally I can't help but feel the equity markets are doing their usual canary in the coal mine/early indicator job and that combined with the chancellor's 2017 proposals make things look at a bit grim in the medium term at least. I am however not that fussed by the stamp duty shift in March, I think this is being overplayed by agents to galvanise a good start to the year for their books.
I'm also surprised how many people I speak to who own BTLs seem ignorant of how the changes are going to effect them, in fact many seemingly intelligent people I consume a pint with from time to time are totally oblivious. This again makes me think the herd is yet to really react.
These are just my chin stroking ramblings but I'm taking an exit position more seriously than I have done at any previous time. Anyone else?
I'm torn. Most of my properties are prime and have good equity levels, I had some valuations in today and it's very tempting to lock in gains but this goes against my naturally long term outlook.
But if I look at whats going on globally I can't help but feel the equity markets are doing their usual canary in the coal mine/early indicator job and that combined with the chancellor's 2017 proposals make things look at a bit grim in the medium term at least. I am however not that fussed by the stamp duty shift in March, I think this is being overplayed by agents to galvanise a good start to the year for their books.
I'm also surprised how many people I speak to who own BTLs seem ignorant of how the changes are going to effect them, in fact many seemingly intelligent people I consume a pint with from time to time are totally oblivious. This again makes me think the herd is yet to really react.
These are just my chin stroking ramblings but I'm taking an exit position more seriously than I have done at any previous time. Anyone else?
Edited by DoubleSix on Saturday 30th January 23:20
Well I guess that is true of any market, in that whether it continues to rise or fall will prove your decision to be a good or bad one. Although I suppose that barriers to re-entry in something like the equity market (my natural space) are lower.
But it's not often one is given such a clear 'heads up' to a structural shift.
But it's not often one is given such a clear 'heads up' to a structural shift.
drmotorsport said:
dazwalsh said:
Those landlords who rely on capital growth s
t themselves, and the remaining landlords snap up the cheap properties 
Roll on the crash then, i've been researching starting a BTL business for 3 years while i wait for my deposit/startup funds to get in shape. Now i'm sensing a short term uplift in property prices as people dash to get in before the tax changes pushing my first business asset further out of reach. The estate agents leafleting around these parts begging for fresh stock to sell onto BTL'ers is probably not helping either!t themselves, and the remaining landlords snap up the cheap properties I think it's been going for some years!!
I would anticipate a 'correction' rather than a crash and suspect the meteoric rises in recent times will sheild many.
Gassing Station | Business | Top of Page | What's New | My Stuff