Buy to Let landlords follow legendary trends
Nearly 90 per cent of buy to let investors are in no position to sell their property portfolio. The ARLA (Association of Residential Letting Agents) Review and Index confirmed that these landlords were happy to carry on investing.
ARLA's Head, Ian Potter commented: "This is good news for the whole of the private rented sector and for the housing market, particularly as it comes from surveys carried out well after the credit crunch had begun to bite".
Buy to Let investors borrowed 70 per cent on an average of the purchase price, down from 74 per cent in the subsequent quarter, leaving more than one in six borrowing less than 50 percent.
Facts to consider are the Q4 information packs which were undertaken early to pronounce any likely effect of the projected changes in Capital Gains Tax.
Mr Potter warns that any adjustment in the relief’s could fatally damage the private rented sector, quarrelling that it is only in conjunction with the refinancing buy to let investors. Even until now, it is experiencing a severe shortage of property.
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