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Buy to let mortgages still popular

9/08/2007

The Spicerhaart Financial Service team have found out that the buy to let sector remained strong throughout July 2007, many investors feel that the buy-to-let sector is still growing.

Last month the number of Buy to Let Mortgages which were taken out were stable, the advisory group stated, nearly 75 per cent using a deposit worth more than 25 per cent of the property’s value.

The company also suggested that the figures could illustrate that qualified landlords were growing their investments within the sector.

Director Steve Cox, Spicerhaart Financial Services operations commented, "Confidence in buy to let is still high, as the demand for rental properties is as strong as ever."

He added, "The increasing proportion of variable mortgages indicates that borrowers are starting to believe that interest rates have finally peaked, as inflation stabilises, and are likely to come back down again before the end of the year."

During this week it was exposed that student landlords were those most expected to accomplish higher yields due to greater demand.


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