Wednesday, May 06, 2009
And about time too.....
Telegraph: Buy-to-let mortgage schemes down 95pc
''The buy-to-let mortgage market has shrunk by 95pc in the past two years, making life increasingly difficult for amateur landlords. The number of different mortgages available for rental properties has dived from 4,384 in April 2007 to just 213 now, according to financial website moneysupermarket.com''
Posted by hpwatcher @ 08:09 AM (327 views) Add Comment
2 Comments
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1. inbreda said...
excellent read, and the roger bootle video interview is a good watch too. I think we could have 6 months of mixed bag news before the real falls in prices start to hit - overshadowing the falls we have already seen. The acceptance phase.
2. mander said...
Rents are extremely high. 50% overvalued. Unless people will stay like sardines in those houses available to rent the landlord will never have the mortgage paid by the rent but if the landlord defaults than obviosly it is the insurer who pays up and even if the insurer looses money no problem there is the derivates market and so on... Sound economics