Buy_to_let Mortgage Thrives on Difficult Market
Published / Last Updated on 13/04/2008
Buy-to-let Mortgage Thrives on Difficult Market
Recent product withdrawals and tightening of mortgage criteria are squeezing first-time buyers’ ability to get onto the housing ladder, this is increasing demand for rental accommodation, playing into hands of landlords.
There has been a huge increase in the number of leases taken out in the first two months of this year compared with the same period in 2007. BM Solutions’ buy-to-let index last month revealed a 13.1 per cent rise in average rents.
Our view
Property is still a dangerous game when you over expose yourself and whether first-time buyers can secure a mortgage or not does not reduce the landlords risk of having to pay those mortgages come what may.
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