mortgages now on the rise due to tenant demands
The buy-to-let market just keeps on
increasing day by day, today there is a strong tenant demand,
which is making people invest in property and benefit from this
on a long term basis, more news reveals.
Due to high interest rates buying a
house and completing a mortgage repayment scheme is becoming too
much for people. Nicola Severn from Mortgage Trust said people
are waiting for the base rate to decrease or keep steady. Leaving
people in this position gives them no option but to rent a property
and this helps them financially to have funds for other needs.
Landlords are benefiting drastically,
and Nicola states that if the base rate does not keep steady then
this is going to leave people on the renting sector for a longer
period of time.
Due to high migration results, the
buy-to-let sector again is growing in parts of the United Kingdom.
Looking at these results from different perceptions it looks like
mortgage brokers feel that 2007 will be a strong year for the
Ms Severn spoke further,” With
immigration and changing social attitudes all set to continue
to contribute to high levels of rental demand… it is no
wonder that investors are expected to increase their buy-to-let
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