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Ft: Rate Rise Puts Brakes On Investment Property Sales

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Landlord Mortgages, a specialist buy-to-let mortgage broker, says there has been a sharp slowdown in the number of purchases being made by investors in recent weeks, while some estate agents have seen a rise in the number of amateur landlords selling up and banking profits.
Tim Hyatt, head of UK letting at Knight Frank, the estate agency, has recently seen a significant increase in the number of letting properties coming up for sale. "It seems that landlords are reassessing their position and deciding either to stay in for the long term or to sell up," he says. "We have seen 10-15 per cent of our lettings being put up for sale in the last six months or so, whereas normally this figure is minimal."

bam bam bam the sound of HELP

http://www.ft.com/cms/s/3f53dbfa-0b26-11dc...0b5df10621.html

Brought to you by crash GURU crash2006

BTW this is what ive been post about, its happening in LONDON trust me.

Edited by crash2006

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That's enough bear food for now please! Any bull deniers left on HPC dare to argue against the gathering HPC tsunami now? Admit it bulls the game is up! You had plenty of bull food for the past few years now it's time for the bears to feast!!! :D

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