Sunday, January 21, 2007
More bad sentiment for those BTLers (aw, diddums)
Buy-to-let investors are in for a rough ride. Higher interest rates mean tough times ahead for all mortgage borrowers, but buy-to-let investors are in for a rougher ride than most. (tee hee!!!) The warning signs are already there. Mortgage brokers are reporting that demand for buy-to-let property is faltering after last year’s two quarter-point rate rises and overstretched landlords are rushing for fixed-rate deals to protect themselves from further increases.