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On rents ‘our opinion counts for nothing’ – Star Letter 03/03/2017

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  • 03/03/2017
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On rents ‘our opinion counts for nothing’ – Star Letter 03/03/2017
Each week Mortgage Solutions and its sister title Specialist Lending Solutions looks back at the week's most thoughtful, thought provoking and controversial comments to single out the Star Letter.

This week our Star Letter goes to Corby Macdonald for his comment under the story: The commonsense approach to buy-to-let rental estimates – analysis

He writes: “The bottom paragraph made me smile, most of us try to make a good assessment of the value of properties, but, our opinion counts for nothing, in the same manner, if we had information about rents, they would be equally ignored!

Rental stress levels will increase rents, to make some mortgages work for landlords, but, the rental increases have not yet worked their way deep enough into the system for the surveyors to have a grip on it. But, it will and as true as I said years ago that lenders would start including student loans in affordability, to which I was told ‘never’, rents will have to eventually rise significantly to ensure that stress levels are met or there will be a lot of sad buy-to-let owners on SVR.”

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