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)
6 thoughts on ““Buy To Let Demand to Grow” say Sky News”
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harold says:
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.
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:)?
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.
Simplysam says:
Did the managing director at Northern rock resign or not?! Now we have another managing director talking!!!
renting2 says:
Add rental management service agents to the list of HPC casualties.
hpwatcher says:
I would say there is more of a demand for renters than there is for property…so many flats have been built.