Buy to let mortgages still popular
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
The company also suggested that the figures could illustrate
that qualified landlords were growing their investments within
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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