Buy to let investors thinking about
the long term
It has been proved that most potential
buy to let investors, applying for a buy to let mortgage, are
looking to keep their property as a long term investment and
keep this asset as a retirement income.
The Association of Residential Landlords concluded
that the UK buy-to-let sector is increasing each month and is
making new potential investors invest in property simply due
to high returns. Through many years buy-to-let investors have
always benefited on the long term, Malcolm Harrison ARLA spokesmen
He suggested that the average buy
to let investor normally is
"The typical buy-to-letter is fairly cautious," Said Mr Harrison.
"He will look around. He will work out his basic budget: what
the property’s going to cost him, what the mortgage is
likely to be… his rental valuation and is it going to
cover everything. He''ll then invest accordingly."
The Council of Mortgage
Lenders stated that there
were around 330,000 buy to let mortgages applied for in 2006
leaving a total value of £38.4 billion via mortgages.
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