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February 10th, 2012 
FAKE NEWS for the Zionist agenda - First-time buyers struggling to get onto the property ladder
- 1.4million ‘landlord loans’ currently being invested into properties
By
Becky Barrow, Business Correspondent
Last updated at 12:16 AM on 10th February 2012
Britain is in the grip of a buy-to-let boom, with landlords snapping up property worth £160billion.
The Council of Mortgage Lenders yesterday revealed that there are a record 1.4 million ‘landlord loans’ currently being invested into properties, as older Britons cash in on soaring rental demand from young people who cannot afford to buy their own home.
With low interest rates wiping out income from savings but making mortgage repayments cheap, a buy-to-let property, boosted by rents close to all-time highs across the country, can prove an easy moneyspinner for both amateur and professional landlords.
Boom time: Low interest rates coupled with soaring demand from young people who cannot afford to buy has led to a rise in the number of buy-to-let property investments
Older generation: Equity-rich buy-to-let landlords are emerging, opting either to rent to move or boost their pension plan
The average rent is £711 per month, with Londoners forced to pay an average of £1,000, according to LSL Property Services, a chain of rental agencies.
Jonathan Samuels, chief executive of property finance firm Dragonfly, said: ‘Landlords are making hay while the sun shines.
They can buy low and rent high, which is manna from heaven.’
According to the CML, when the buy-to-let market was in its infancy in 2001 landlords had obtained 185,000 loans to invest in rental properties.
Today, landlords have taken out 1.39 million loans, worth about £160 billion, to spend on their property empires, with an estimated 84,000 homes bought using specialist buy-to-let mortgages last year alone.
Paul Smee, CML director general, said: ‘Demand for rented property remains high.’
The buy-to-let market remains highly controversial as critics blame it for forcing up house prices to levels which many first-time buyers cannot afford.
First steps: Young people are finding it harder to get onto the property ladder as this graph, detailing the percentage of those who expect to buy in the next 12 months that will be buying for the first time, shows
While the number of buy-to-let loans has ballooned, the number of mortgages to first-time buyers has nose-dived.
During the past decade, the number of young people getting on the property ladder has collapsed from about 500,000 each year to 200,000.
Last year, according to lettings agent Countrywide, about 275,000 new tenants registered their interest in private rental accommodation – a 24 per cent increase on the previous year.
It said that a typical tenant is a couple under the age of 35, although the number of families is rising.
Nick Dunning, commercial director of Countrywide, said: ‘We are in the midst of a rental boom as renting has become the new norm.’
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Buy To Leech rents MUST be capped to correspond to the Council rent payable for an equivalent property. Here we have examples of terraced housing where Council rent is £280 yet the adjoining crumbling hovel deprived of even basic maintenance ‘owned’ by these despicable BTL Bank puppets can command £450. …. Let those Land’lords’ who seek to have the taxpayer pay THEIR mortgages pay the difference THEMSELVES.
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Cheap council housing sold off … Poppy Clarke, Croydon UK, …. And who got the money from the sale of those houses…it was the councils that got that money, and they were supposed to invest that money in building more up to date properties…did they do so…did they heck as like, so it is not all the fault of Mrs Thatcher as the councils are equally to blame…
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Keep letting millions of people in to the Country does not help if we have a housing shortage.
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Yet another Thatcher policy coming home to roost. Cheap council housing sold off and so the lower paid are at the mercy of the private rental market. Not a hope of a council house for many. Bet these landlords are really grateful to her. I knew this would be the result of her attempts to win votes. Short term thinking, one her greatest failings. We are all paying huge sums into the landlords pockets in the form of housing benefits. Still she was all in favour of this greed only she called it entrepreneurialism, sounded better
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All these folk with their huge portfolios should be ashamed of themselves: they are denying first time buyers a chance to get on the property ladder and acquire their first home.- mh, hants, 09/2/2012 21:16…………………………Totally wrong. The government paying over the odds rents are stimulating the buy to let market. Nothing to do with capitolism, pure socialist idealism. Take the government paid rents out of the pictureand what have you got left? A free capitalist market where rents would find their natural level.
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Interest rates for mortgages are low but landlords keep raising their rents often for substandard housing. My street was ideal for families; now it’s mostly BTL with lots of multiple occupancies and very few children. There’s no sense of community, or living in a neighbourhood, since people on short term lets don’t feel the need to intergrate. Rent here is £900 pcm for a modest terraced house; BTL landlords get considerably more if they split these homes into cramped flats or let them out as multiple occupancies and student accomodation.
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The buy to let market is buoyant because there is no where else to safely invest savings. Interest rates are appalling for savers. Pensions are not giving the returns promised. It probably makes more sense to have a buy to let mortgage than to pay into a pension scheme!!! The tax saving on a pension scheme becomes totally irrelevant when these schemes lose so much money and the annuity companies get to keep it all in the end!
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1.sell houses at the highest price(make money)
buy the houses you sold them back cheap,useually at auction after reposesion
rent them out to people who cant afford a mortgage,mostly at a higher rate than a mortgage,it wont matter if they cant pay the property is still yours,just get someone else in as a tenant(make even more money).capitalism at its best….conspiracy theory anyone !!!
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A lot of them paid for through housing benefit,guaranteed rent.lets see what happens when the benefit cap is enforced
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Too many people is the real issue.
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