Thursday, Dec 14, 2006

Were rumours of BTL death really exaggerated?

CityWire: Buy to Let: the spectre of repossession returns

The ongoing debate over whether buy-to-let repossessions are rising will, if nothing else, alert novice landlords and potential investors to the fact that buy-to-let is not a licence to print money.

The cat was set amongst the pigeons by a recent report in the Financial Times which claimed that repossessions on investment properties were increasing.

Both the Council of Mortgage Lenders (CML) and the Association of Residential Letting Agents (Arla), were quick to refute these claims. The difficulty in getting to the truth is that all those in the property market have a vested interest in being optimistic.

Posted by dohousescrashinthewoods @ 01:50 PM (493 views)
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