P J Posted April 22, 2013 Report Share Posted April 22, 2013 clue: A decade ago there were 89000 buy to let mortgages. Now there are 1.42 million. Quote Link to comment Share on other sites More sharing options...
observer Posted April 22, 2013 Report Share Posted April 22, 2013 Many of the Russian Oligarchs, Greek Tycoons etc; seem to have invested their ill gotten gains in property purchase in the UK. Quote Link to comment Share on other sites More sharing options...
inky pete Posted April 23, 2013 Report Share Posted April 23, 2013 clue: A decade ago there were 89000 buy to let mortgages. Now there are 1.42 million. Because if you move and want to rent out your home either your mortgage company might insist that you switch to a buy to let, or you might have to do so in order to free up your own borrowing capability to buy somewhere else. I seriously doubt that there are 1.42 million Russian and Greek oligarchs in the country - and they wouldn't be needing to borrow the money to buy properties anyway! Quote Link to comment Share on other sites More sharing options...
P J Posted April 23, 2013 Report Share Posted April 23, 2013 You really are struggling here aren't you Pete. Why would a bank force a buy to let mortgage on somebody who is renting out their own home and the renting somewhere else to live. Why would somebody who was renting need to free up borrowing capabilities. The fact is that buy to let investors, be that one extra house or many are what are making the figures what they are. Why do you find this so hard to accept? Ps you still haven't told me who bought all the properties built in the last 10 years if we still have the same amount of individual owner occupies as we did in 2003 Quote Link to comment Share on other sites More sharing options...
P J Posted April 23, 2013 Report Share Posted April 23, 2013 Clue: 10 years ago 2 million households were renting from a private landlord, today it's 3.6 million and rising fast 1 Quote Link to comment Share on other sites More sharing options...
observer Posted April 24, 2013 Report Share Posted April 24, 2013 Could it have something to do with a 250,000 plus, per yr increase in population?! Quote Link to comment Share on other sites More sharing options...
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