Buy to let news
Buy to let mortgages dry up
Demand for rental properties continued to grow as landlords saw their yields increase says the RICS Lettings Survey. However, access to the buy-to-let market became harder for would-be-landlords as mortgage products became scarce… 16% more Chartered Surveyors reported a rise than a fall in tenant lettings, down from 20% in the last quarter.Significantly, demand for [...]
Landlords link with councils in win-win housing scheme
Evidence emerged this week that the credit crunch could be starting to affect buy-to-let landlords. The Royal Institution of Charted Surveyors (Rics) said instructions to let residential properties in the UK fell in the fourth quarter of 2007 – the first decline since its 1998 survey. The fall is thought to be partly a result [...]
Support for Scottish landlords
Scottish buy to let investors will now be able to seek guidance on mortgages and other professional issues following the launch of a new trade body. The National Landlords Association Scotland is an extension of the UK-wide organisation which offers services such as specific advice, policy support and information to those investing in the rental [...]
Buy to let boom
The buy-to-let mortgage market held firm during the second half of 2007 despite the turbulence caused by the global credit crunch, figures showed. A total of £24.1bn was advanced to investment landlords during the six months to the end of December, up from £21.2bn during the first half of the year and 16% more than [...]
Buy to let market still thriving
The buy to let property market is still thriving, according to the Council of Mortgage Lenders (CML). The number of buy to let loans rose by 23% last year, taking their number to 1,038,000 and accounting for 10.3% of all outstanding mortgages. This lending picked up in the second half of the year at a [...]
