Quote Originally Posted by North Cardiff Blue View Post
Bad news for Landlords, but great news for first time buyers, it might not be 20% but a lot of people will start to panic and sell while the market is high and before their mortgage payments go up.

Mortgage valuations are already being down valued a strong indicator that they are worried that values will drop and they don't want to be sued in the near future for overvaluations.

So first time buyers, keep saving and get ready for when prices drop, it's almost your time!


https://www.dailymail.co.uk/news/art...ords-sell.html


Is Britain's buy-to-let and second homes bubble about to BURST? How rising mortgages and falling property prices are set to push up to 20% of landlords into selling... as building society limits lending for those who already have a house
New figures show as many as 20 percent of landlords are considering selling up some or all of their properties
They are being persuaded due to rising borrowing costs sparked by recent rises in interest rates, say experts
Landlords also face increases in the cost of their insurance and maintenance fees, according to lettings chiefs
It comes as new figures released today show how property prices fell month-on-month for first time in a year
Experts say landlords and second home owners may to look to sell while homes are 'at the top of the market'
Hardly anything on the market at the moment so it hasn’t started yet, although it has for the holiday let’s out west and up north after Drakefords latest wonder like policy. The slow death of Pembrokeshire has begun……having been involved in property for 30 years now I was always advised by people with far more knowledge than me to pay off mortgages as soon as possible as things can fluctuate very quickly….had a great piss up about 3 years ago when I paid the last bugger off.