Friday, April 4, 2008
Things aren’t looking too good in the world of BTL
Buy-to-let risks being the brick that knocks the housing market down as the one-time can't-lose route to millionaire status unravels. Amateur landlords are facing big jumps in mortgage repayments - assuming they can find a loan as the credit crunch forces lenders out of the market. Many will give up and hand in the keys - especially those who bought newly built flats in the past two years, some of which have halved in value.