Interest Rate Fluctuations May Not Affect Landlords
Buy-to-let landlords may not be affected by recent interest rate changes, according to one industry resource.
Malcom Harrison of the Association of Residential Letting Agents (ARLA), stated that during 2008 landlords may benefit from steady demand for UK property and that interest rates fluctuations are unlikely to have a significant impact on them.
Mr Harrison suggested that most buy-to-let landlords are somewaht careful about lend-to-buy rates and normally work to the actual rent they will receive.
He also added, buy-to-let investors would have “done their math” and if the rent covers it, they would choose a fixed-rate mortgage.
The average buy-to-let landlord had an average of 16.3 percent return last year, which was up from 13.5 percent in 2006.
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buy let mortgage rate uk…
This Mortgage crisis has me kind of torn, as it occurred due to everyone’s greed, banks, investors, homeowners trying to live beyond their means etc. Should the Gov’t bail these greedy people out? I don’t know but I feel bad for people and famili…