Monday, March 24, 2008
“Buy To Let Demand to Grow” say Sky News
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."