Saturday, April 14, 2007
BTLers set to benefit from IR rises!
"Perhaps driven by higher rental demand as first-time buyers increasingly feel that the slippery first rung of the property ladder is out of their reach as the rate rises start to bite at the cutting edge of the market. John Heron, managing director of Paragon Mortgages commented: "Llandlords' confidence is a good indicator of current conditions - they know that tenant demand is pushing rents and yields upwards and remain confident in the long-term." So it seems that when it comes to rate rises, buy-to-let investors may be cashing in, rather than pulling out."