rate increase miss hitting investors
A study has shown that Landlords with
buy-to-let mortgages are in a good position to overcome any interest
Paragon Mortgages have investigated
that most of these investors have borrowings of nearly less than
50 per cent of their investment, leaving them with an average
loan-to-value of 37 per cent.
On the last quarter’s findings
this figure shows us a decrease of nearly 2 per cent and is less
than any standard maximum loan-to-value of 85 per cent Paragon
Mortgages spoke further.
Managing director John Heron of Paragon
Mortgages, said: "Some have suggested that the succession
of interest rate rises since last summer will leave property investors
in financial difficulty. This is not the case. "
Landlords are well placed to take the
further expected rate rise in their stride," he stated.
John Heron also said that nearly more
than 70 per cent of investors currently with buy-to-let mortgages
have taken out not long ago fixed-rate products, this shows the
knowledge of landlords and investors to not show themselves to
any big risks without knowing the consequences.
During February period the amount of
houses in a landlords portfolio increased to 11.1 from 10.2 November
2006 period, this figure was brought forward by the financial
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