uy to let mortgage applicants' plight discussed by LettingFocus.com
Mon 21st Feb 2011
A source from LettingFocus.com has suggested the buy to let market is unlikely to get any easier this year.
David Lawrenson, private rented sector expert at the company, explained that the lenders who were bailed out by the UK government will need to pay back money soon.
As a result, he suggested the cost of signing up for a buy to let mortgage will not be cheaper.
Mr Lawrenson said: "I expect mortgage fees and the typical level of deposit required to stay high. And there is a pretty strong chance that the base rate will go up."
His comments were made in response to research by Paragon, which showed that four out of ten landlords saw tenant demand rise in the fourth quarter of last year.
This period was the sixth consecutive quarter to enjoy growth in this area, with the figure hitting a two-year high in the three months to December.
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Tuesday, 22 February 2011
Buy to let mortgage applicants' plight discussed by LettingFocus.com - Money News
via moneynews.co.uk
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