EU Trying To Kill Buy To Let – sign the petition to STOP it now.

PS, sorry about the mis-spelling of democratised, my eyes are crossing with tiredness.

You're absolutely right Nick. Your comments are bign hidden "due to low comment rating" - more like due to the authors not liking what you have to say.
You are abolsutely right. I am enraged at my rightto buy property have been hijacked but a greedy winner-takes-all mentality.

See? This is just absolute rubbish. I have a top credit rating, NO Debts, NO credit card balance, No overdraft and a lot of savings but there are simply no properties to buy. Because every other flat in London is one of over 20 owned by the same organisation. This is just a load of codswallop, Mark

I am so sick of this "F*** You Jack, I'm Alright" attitude in British society.

People don't corner the market in food, JOHN !!!!!

Yuh, er to answer your question about the Arabs - "Rooms to let" amongst loads of arab writing, went into their office and was shown 20 properties in a file all owned by this property company, whose address was shown to be headquartered in Dubai. Kinda left me the impression it was yet anotheroffshore property company YOU GUYS ARE ALL OK WITH BECAUSE YOU'VE GOT YOUR HOME, ROCKETING IN VALUE SO THIS IS NOT YOUR PROBLEM

I say all posts disagreeing with the author have been suppressed and hidden so I presuem this is some website for homeowning landlords.
So there's no pint sticking posts on it unless you're one of the choir Mark is preaching to

Hey Mary

Have you yet considered that the posts that have been hidden are hidden because there are too many thumbs downs ?

They are NOT trolls. I am NOT a troll. I made the heinous crime of disagreeing with Mark's article.

And because almost everyone reading it seems to be some mutilple-property owning yuppie, part of the "F*** you Jack, I'm alright" crowd like you, they thumbs down any post from would-be home buyers like me who are trying to get in on the property market to secure their future but can't because all the buy-to-lettors have taken them all

So you keep your censored "Only Post if you Agree" wensite and I'll keep the EU legislation.

I mean, Honestly! You denegrate opinions like that, calling them trolls and cowards just because they want a home of their own. And YOU don't want them to have one. The funny thing is that I'm a Tory Euro-sceptic but Hell, I'll take them over that attitude any day.

Good luck to you, Mary. This post will be suppressed as well so I'm outta here and not visiting this pointless site again.

Everybody gets one vote per comment and the system hides comments which are very unpopular. I've used my one and only available vote to give you a thumbs down for your comment.

Hi Nick R,
If you were shown 20 properties owned by one Arab owned company, then clearly they all belonged to an Arab company. Your post seemed to imply that 20 random properties you happened to view all turned out to belong to Arabs. That would have had different implications. As I say, London is a completely unique market within the UK, and may I say, hideously and terrifyingly distorted in favour of the anonymous filthy rich, and bears no resemblance to the market in the rest of the UK. Nor can the anonymous filthy rich in a million years be lumped in the same category as the average BTL landlord. It's bad out here too but in completely different and more understandable ways.
My home is not rocketing but falling in value like almost everyone else's(except the filthy rich), as are my rental properties, which are all worth the same or less than I paid for them five or six years ago, and still dropping. At that time, pre credit crunch, I missed out on many potential purchases because I could not and would not compete with the prices which owner occupiers, including first time buyers, were prepared to pay. For me it was a business proposition and if I paid too much, the rent might not cover my costs, whereas for the FTBs if they loved the house and planned to make it their home, they were prepared to pay as much as they could afford to get it. So who was driving up the prices there? All mortgages are a bit more difficult to get at present. Landlords who can scrape together a deposit from somewhere, like any business will be trying to negotiate a good discount of maybe 20% off the asking price, and will walk away to the next one if the price is too high. This means homebuyers who have saved a deposit are in a good position to buy if they just negotiate a smaller discount than the landlord. There are enough mortgages available for anyone with a reliable financial history and the appropriate deposit. So it could be said that landlords are helping to keep prices down. Of course, this then hurts people who are trying to sell, but that is the harsh reality of living in the free market environment that we do. The swings and roundabouts affect all of us at different times in our lives depending on which position we happen to be in at the time.
This IS a website owned by and aimed at professional, part-time or would be landlords, and provides useful information and education and encourages good practice. However, as you can see, there is nothing to stop anyone else from reading or pasting comments on it.

As I have already stated I'm in favour of the legislation but your view of BTL investors and the fact there swallowing up all the property is utter Hogg wash, London is a bubble and I know it's diffrent down there and good luck to them, buying houses is like anything else if you can't afford a 55" plasma tv you don't have one, if you can't afford to buy a house you don't have one simple as that, it was private buys who drive the price up in the property bubble not BTL for the simple reason that BTL is only sustainable at a certain price, I can't buy a house for £150000 if my rent is only £450 a month, I don't really care about the house I care about the figures, of I know rents £450 a month I can work out what the max price I can pay for a house is and that's it plain an simple my celing price, somebody buying a home can easily go above that and out bid me but there simply ain't many home buyers about as there sitting out the current climate on there hands before they make a move onc things improve which will and prices up again,

Iv recently looked at lots of houses and put reasonable offers in which where rejected as people still think there houses are worth what they where, I always say the same, good luck to you and if you find a home buyer youay well get that but I me business is business and the figures are king so I simply keep looking

P.s. I started without a penny and built up my portfolio working 84 hours a week and using my wages to fund it so don't give me any high wash about it hard to get on the ladder etc etc it jut take hard work which some people are scared of, try saving more or move to a city her the prices are not plucked from the moon

As one of those so called ‘Blasted BTL'S’ as Nick describes us, I can honestly say that I have never bought a property which a first time buyer would have snapped up if I hadn’t bought it. There are plenty houses for everyone to buy without one particular group pushing another out of the market.

Many of the tumbledown terraces I bought needed too much money spending on them first before they could be lived in and would have been too expensive a project for any first time buyer to tackle unless they were a builder.

Britain’s tiny terraces – the ‘Bread and butter’ properties that we landlords usually opt for are likely over a hundred years old - thus the repairs and maintenance on these homes are much more than on their more modern counterparts and they would not be a good choice for first time buyers because of this.

It is landlords like me who keep this housing stock from falling into disrepair by taking on the risk remortgaging our own homes and investing our own hard earned money to repair and supply housing for those who choose not to buy their own place or cannot afford to buy.

What we need is good finance for all so that affordable housing is available to everyone whether they are an investor or a first time buyer or anyone who wants to own a property for whatever reason. If the banks would lend more money then landlords could provide more housing – who is going to provide suitable rented houses if we can’t?