tag:blogger.com,1999:blog-2948538160252327076.post1062218806117948838..comments2023-11-02T15:48:50.381+00:00Comments on UK Bubble UK Economy: A banking crisis templateAlice Cookhttp://www.blogger.com/profile/05753570123987780947noreply@blogger.comBlogger4125tag:blogger.com,1999:blog-2948538160252327076.post-57017137286877641252008-03-10T16:25:00.000+00:002008-03-10T16:25:00.000+00:00eerrrr that should have been BTL, whereas BLT is a...eerrrr that should have been BTL, whereas BLT is a very pleasant sandwich normally eaten at around 11am as a replacement for breakfast.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-2948538160252327076.post-86729747293949499912008-03-10T16:24:00.000+00:002008-03-10T16:24:00.000+00:00BLT is just so mad, I can't get my head around it....BLT is just so mad, I can't get my head around it.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-2948538160252327076.post-27812004777112306632008-03-10T14:11:00.000+00:002008-03-10T14:11:00.000+00:00One of the big problems is also that people have b...One of the big problems is also that people have been encouraged to 'build a portfolio'; if you have 2 BTLs for a pension, then you might be able to subsidise then in lieu of retirement savings, especially if they are repayment mortgages. If you have 5 or 10, rental shortfalls will average so much more.. there is already evidence that BTLers were having to 'extract equity' to stay afloat.<BR/><BR/>It's going to be a horror story.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-2948538160252327076.post-56224583872807590872008-03-09T01:24:00.000+00:002008-03-09T01:24:00.000+00:00They've all jumped on the BTL bandwaggon around he...They've all jumped on the BTL bandwaggon around here. A friend of mine sold his house to a BTLer for £120k, he rents out the house for £100 per week. The BTLer has quite a few houses he rents out besides this one, and even I can see that the numbers don't add up with a cursory glance. I had a look on "Nationwides" mortgage calculator, and monthly payments over 30 years range from about £718 - £780 per month. The idiot bankers who OKed these mortgages must have been sniffing glue, smoking crack and shooting acid all at the same time, as no one in their right mind could fail to see how this will all pan out!!Anonymousnoreply@blogger.com