Thursday, Oct 04, 2007
42% btls say recent hikes in the cost of borrowing had reduced their desire to buy more properties"
C4: Rates 'not halting' buy-to-letters
"A high tenant demand is fuelling rental yields, offering strong capital returns for buy-to-let investors."Providing the base rate does not stray above 6%, the buy-to-let market will remain buoyant as the majority of investors are looking for a long-term solution and recognise that bricks and mortar remains unrivalled as an investment asset." They are confused!
Posted by confused76 @ 07:08 PM (479 views) Add Comment
6 Comments
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1. Davros said...
Well they're idiots then.
Either that, or we've discovered a new magic investment that can only ever go up in value.
2. alan said...
"Nearly three-quarters of investment landlords think it is a good time to buy property even though many are feeling the pinch from higher interest rates, a survey has shown". Yeah, go for it guys...
....I'll stand and watch from a safe place!
3. su said...
The number of flats/ apartments for sale in Edinburgh has dropped quite a bit this week. On Tuesday there were 451, Wednesday it dropped to 407 and today it was down to 399.
But, as I mentioned before, landlords can rent their flats out to the council in the Capital. The number of flats for sale in Glasgow, however, have shown slight but steady increases over the last week: from 1731 last Tuesday to 1803 yesterday.
It would be interesting to know who is buying all these flats in Edinburgh: BTL or home-owners.
4. crash bandicoot said...
I imagine that some of these investors have been dabbling in Northern Rock shares lately too. You just can't keep a good investor down....
5. Fedupwithhouseprices said...
Su so what are you saying about flats in Edinburgh? Are they going up or down in demand/value? I have recently invested in a flat there. I took the plunge after many a year being out of the housing market after losing my home in the last crash, but I can't quite make out if what you're saying is good news or bad for me.
6. Safeasowziz said...
Just sold 3 flats to an 'investor' for 625K. They have a 6K deposit and have asked for provision in the contract to put the leases in three different names and the 'new' purchase prices add up to 730K ( nice way to provide your 15% deposit). Bottom line is these properties will rent for max 2800 per month (more likely 2500) before fees. Renr required to cover just the interest would be 3,000 to 3,200?