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9:23 am
Paul Routledge
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Morning all,


I read an article today written by Sarah Westcott from the Express newspaper on Sat…..-prices%20 I have to say made my;

Gasp flabbered.


So I ask you what you think and is it time the European tail stopped wagging the British bull dog, I know we need the international trade in this Country that the Euro brings but at what price.


I wonder whether its time to say goodbye to an expensive folly and go it alone.


FrownPaul R

7:27 pm
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As REM said 'It's the end of the world as we know it'

BTL industry destroyed if this regulation comes in;  back to how it was pre '97.

Who is going to buy all the properties to rent out that can't be bought by FTB's etc. as they don't have enough equity or a sufficient deposit.

Underneath Waterloo Bridge is going to get pretty crowded!!

Investors with capital but insufficient income won't be able to buy under the new criteria.

What will happen to all those LA with no property to let?

What about all those landlords that will need to remortgage but can't under the new EU criteria?

What about all those prospective tenants; where are they going to go; bagsy nearest park bench!?

What will happen to the BTL depts of all the banks etc?

This as there won't be much business.

What will happen to rents;  they must increase as there will be less rental property around.

What will happen to all the properties which are perfectly viable now ;  but when a remortgage is needed it cannot be obtained under new EU criteria.

Landlords bankrupted,  massive losses to banks as who is going to buy all those repos as there would not be enough cash buyers to absorb such properties.

You can forget FTB's as they won't have the deposit or income required and of course the surveyors will write values down;  requiring even bigger deposits from a potential purchaser;  chances of………not a lot!

If the govt doesn't stop this regulation coming into force there will be merry hell to pay politically unless they can magic up hundreds of thousands of properties for rent.

The taxpayer will have to pay more to the banks to cover their losses on BTL property to ensure capital is rebuilt.

Squatters will have a field day with all the repossessed properties which can't be sold so the banks will have to RENT……………them out!!?

In short an absolutely mad idea when the govt needs the PRS to help it out of a burgeoning housing crisis.

Advice to landlords; pull as much equity as you can out of existing mortgage products and try and get a tracker for 25 years or more.

3:05 pm

good. Let the wall topple! This will have a far better and more wide reaching effect than any Government Housing incentive for FTB's.

The 'buy to let' market has been a major contributing factor as to why FTB's are struggling to get on to the market in the first place. Since BTL's were introduced back in the late 90's the UK has seen the unprecedented boom in house prices, causing a gorge to open up between the average wage and house price. I say let the EU bring in tighter regulation on BTL's as this will help all those FTB's who are still living at home, saving up for a deposit on a house because rents are ridiculously high and leave nothing left to save.  The only thing that will be worse off after the EU regulation comes into effect will be the wallets of the landlords letting tenants pay off their mortgages with over inflated rents.

11:30 am
Kevin Hudson
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I'm a big believer that, yes the EU does bring its benefits, but we need to start looking after our own a bit more… as well as finding a bit of bravery to be our own nation. I really can't see how the EU slashing house prices would be the answer. Firstly, I think the UK Gov't should put on hold the vast numbers of new house builds that seem to be going on in such an economy (that may just be the area I live in though). Where I live, theres been a very large number of new housing estates being built over the past 2-3 years, only once they've been built, all you see outside for the next year are for sale/to let signs…with occupancy levels at no more than 15-20%. What a waste.

The government should consider occupying this land, and building suitable housing for those that cannot afford to rent or buy, or working with home builders to come to some arrangement that suits those that need, not those that want… if the ever decreasing UK land is always being occupied by profit hungry home builders, all that will happen is the wealthier landlords will buy them, and decrease the possibility for FTB's achieving their goal. 


Its a tough call to make, but I don't think slashing prices will be the smart move…mostly because the EU will likely **** ******* **** **** ******** ******* ***** **** **** **** ***** ******* ********* ******** *** **** ****** ********** ************ **** *********** ************* it up anyway and come nowhere near to achieving the desired outcome.

6:44 pm
Paul Routledge
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I only say one thing to the EU put your own house in order before you tell me how to run mine!!Yell

3:00 pm
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The EU refuses to publish its accounts, yet tries to tell us how to run our businesses! Mind your own…!Yell

1:32 am
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As yet I have not received a reply to my email to Grant Shapps concerning whether the govt intends to allow this EU BTL mortgage regulation to be introduced.

If I do receive a reply I am not even sure whether I would be allowed to share the reply with anyone.

This as there may be a Parliamentary statement and I probably wouldn't be allowed under Parliamentary regulations until the statement would be made.

Obviously such reply as I may receive would be extremely commercially sensitive and I would imagine that I would be bound by some sort of regulation preventing me from disclosing the answer.

We shall see!!!?

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