Monday, March 24, 2008

“Buy To Let Demand to Grow” say Sky News

DIY Landlords Plan To Do Repairs

Prospective landlords are planning to take a more hands-on approach to their investments, with a majority saying they would manage their properties themselves, a survey shows. At the end of last year there were nearly one million buy-to-let loans in existence, collectively worth £116bn, and accounting for one in 10 of all outstanding mortgages. Tim Hague, managing director of mortgages at Birmingham Midshires, said: "With landlords enjoying an average return of 16.3% in 2007, a buy-to-let remains a sound long-term investment. "We expect firm demand to continue throughout 2008 and beyond."

Posted by buyatthebottom @ 05:15 PM (783 views)
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6 thoughts on ““Buy To Let Demand to Grow” say Sky News

  • There’s reality, and there’s Sky News.

    “We expect firm demand to continue throughout 2008 and beyond”, said Tim Vague shortly before screaming “SELL, SELL, SELL” down the phone to his estate agent.

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  • new user 2007 says:

    The reason for their sudden move to a hands-on approach obviously cannot be because they are no longer seeing capital growth so are trying not to make as high losses on the rent versus costs side:)?

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  • new user 2007 says:

    p.s. there was a 16.3% return. But 20% of that was from capital appreciation?. Sounds like a subsidy situation on the rents to me. What will the return be without the apprecation? If anyone cannot see through what Mr Vague says, I hope they do lose money.

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  • Did the managing director at Northern rock resign or not?! Now we have another managing director talking!!!

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  • Add rental management service agents to the list of HPC casualties.

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  • I would say there is more of a demand for renters than there is for property…so many flats have been built.

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