Base rates rising leaving
Buy-to-let investors in the struggle
Today investors who deal with
buy-to-let mortgages will find it more expensive when arranging
a mortgage deal due cause to base rates increasing February time.
Chartered Surveyors have made progress
on their research looking into how many mortgage deals are actually
‘buy-to-let mortgages’. Figures showed their were
11.7 million mortgages in the United Kingdom, however 6.6 per
cent were actually buy-to-let mortgages.
There were 0.6 per cent of mortgages,
which were in arrears, comparison to 0.96 per cent along the main
Analysts have found out that the average
rent has increased at the fastest pace years from 2002-2007.
Economist of the Royal Institution
of Charted Surveyors, David Stubbs also stated another point.
"Buy-to-let investors will be
less at risk from repossessions," Said Mr. Stubbs
"Older, wiser investors are likely
to ride out periods of interest rate rises looking to the benefits
of long-term capital growth rather than short-term rental income."
Investors who are looking to
increase their home portfolio could easily purchase a house or
set-up a buy-to-let mortgage. Landlords feel that buy-to-let is
always the way forward and base rates changing will never affect
the long-term returns.
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