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Will we see a lot of BTL landlords forced to sell? Or am I being wildly optimistic and they'll just put rents up?
I think that it's quite probable that the leveraged "dinner party" landlords will start to sell, particularly as many will not be breaking even month-to-month with rates at 5-6%. It doesn't feel like tenants could, in general, afford to pay much more in rent given the energy squeeze.
NickCJ-
Have seen lots of financial 'influencers' spreading advice about buying houses on interest only payments and leveraging to buy second/third homes to rent out. Will not end pretty.
That said, even myself is somewhat bricking it with our mortgage not due to be renewed for another 4 years.. I suppose we'll be trading livestock under a nuclear winter by then anyway.
apc
Will we see a lot of BTL landlords forced to sell? Or am I being wildly optimistic and they'll just put rents up?