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Buy-to-let mortgages now on the rise due to tenant demands

19/03/2007

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 buy-to-let market.

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 activity."


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