The CML has released figures today demonstrating growing confidence among buy to let investors.
In the last quarter of 2007 there were 84,800 loans advanced, which according to the CML was a considerable increase comparing with the last quarter of 2006. Buy to let landlords were in a better position to secure better mortgage deals than regular home buyers.
Stuart Law the CEO of an international property investment company – Assetz – said:
It is clear that we are not in the middle of a housing crash, with prices barely down two per cent from the highest prices of 2007 and up over five per cent year on year. Instead, we are just seeing a confused period where well-funded buyers are obtaining extremely good prices temporarily.
It is predicted that buy to let landlords will enjoy higher profits over the next 2 years. While house rents continue rising and house price stay firm.
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