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Realistbear

Lending Conditions Are Taking Their Toll On The Buy-to-let Market

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http://uk.biz.yahoo.com/05102007/399/lending-slows-buy.html

Friday October 5, 05:35 PM

Lending slows for buy-to-let
By Daniel "Danny" Thomas
House price worries and challenging lending conditions are taking their toll on the buy-to-let market.
There has been a notable slowdown in the number of landlords buying properties for investment purposes, according to most commentators.
"There is a slowdown in demand reflecting the five interest rate rises and the credit crunch," says Ray Boulger of mortgage adviser John Charcol. "The market will flatline for six to 12 months.
Before the summer, there was a good reason to buy quickly as capital values were going up so much but now people can, and should, wait."
This week, further signs emerged that the market is not in robust health, when the Council for Mortgage Lenders (CML) warned that demand for buy-to-let borrowing is expected to ease.

BOttom line: Now is a terrible time to be investing in property, just terrible................... :(

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John Charcol mortgaes have quite an impressive collection of awards.

John Charcol Awards

2006 Mortgage Introducer Awards - Winner Best National Broker

2005 Headline Money Award - Ray Boulger receives of Guru of the Year

2005 What Mortgage Awards - Winner Adviser of the Year (voted for by readers of 'What Mortgage')

2004 Pink Home Loan Awards - Winner National Mortgage Broker

2003 Headline Money Awards - Ray Boulger wins Mortgage Strategist of the Year

2002 Financial Adviser IFA & Provider Awards - Nominated IFA of the Year

I wonder what awards 2007, 2008 is going to bring. <_<

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Guest Shedfish
"The days of cleaning up are gone but that's hardly surprising," says an Arla spokesman.

it's good to see ARLA openly admitting that landlords have been 'cleaning up', as opposed to 'providing a valuable service'

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it's good to see ARLA openly admitting that landlords have been 'cleaning up', as opposed to 'providing a valuable service'

exactly. no matter how much ******** the government and media spin out about btl - the real motivator is what you spotted.

a complete fleecing of a generation - because they could.

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