The King of landlords, Fergus Wilson predicts that we could see the slaughtering of many landlords as BTL mortgage rates start to head upwards in the coming years.He observes that many BTL investors have been walking a cashflow tightrope that has enabled them to balance the books through artificially low interest rates.
When this comes to an end there will be no Government funded net to break their fall unlike with homebuyers, resulting to whole property portfolios smashing to the floor.
We have been predicting this situation for the past 2 years in this BTL blog, but only time will tell.
King and Queen of landlords, the Wilsons, looked to have now sold their entire portfolio of 700 properties down in Ashford, Kent to an investment consortium, which is presumably why he now feels free to talk of doom in the property market.
We would advise landlords to pay down debt and avoid further property investment if they feel they are up on the high wire.
Read more of the impending landlord slaughter
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