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 time when […]
Rising Rents Boost Buy To Let
Landlords have been able to hike rents thanks to strong demand from would-be buyers deserting the sales market.
With rental income on the rise yields, which have been hovering around the six per cent mark for several years, grew by 0.1 per cent over January to reach 6.3 per cent, their highest level since March 2006.
A […]
Repossessions Offer Buy To Let Opportunities
The buy to let sector is receiving a boost from the increasing number of properties being repossessed in the wake of steady interest rate rises. A growing number of people are offloading properties at bargain prices to stop repossession, and savvy investors are cashing in.
The Bank of England has increased the bank base rate five […]
Buy to let mortgage purchases up 5 per cent in January
A mortgage broker has revealed buy-to-let purchase mortgages taken out in January increased by over 5 per cent compared to December 2007. In December 2007 buy to let purchase mortgages were at 39.53 per cent, this increased to 44.54 per cent in January 2008.
The broker’s January best buy mortgage tracker’s figures reveal that the buy […]
Calls to buy to let industry regulation
The treasury is under renewed pressure to regulate the buy-to-let sector.
Some 88% of lenders responding to a buy-to-let survey by a law firm.
Two-thirds of respondents expect buy-to-let repossessions to rise this year and more than half expect more litigation against brokers who fail to advise clients of the risks involved in the sector.
The survey follows […]
