Wednesday, May 7, 2008

40 per cent drop in the number of buy to let mortgage products in past month

Buy to let mortgage market shrinks by 83% in past twelve months

Research from price comparison website moneysupermarket.com shows five per cent more people are renting properties now than in October last year. However, in the past month alone there has been a 40 per cent drop in the number of buy to let mortgage products available, revealing Britain might be on the road to a housing disaster

Posted by converted lurker @ 11:31 AM (569 views)
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5 thoughts on “40 per cent drop in the number of buy to let mortgage products in past month

  • ‘Britain might be on the road to a housing disaster’

    This is pure conjecture!!

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  • Philip Ch. says:

    Before I left London in 1989 for Paris, I used to walk over Waterloo Bridge past numerous cardboad boxes for the homeless. In France this SDF homeless still represents a major social issue.. It seemed to have disapeared in the UK but the old plight will surely come back to haunt Central London, if the unlucky can neither afford to buy or rent.. and the government provides no alternative social housing..

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  • Landofconfusion says:

    > 2. Philip Ch. said…
    >
    > if the unlucky can neither afford to buy or rent.. and the government provides no alternative social housing..

    A good friend of mine knows someone who gets around this particular problem by committing a crime – any crime – and going to prison. Apparently it’s like living in a hotel.

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  • Soundman74 says:

    Rent when it’s cheaper to rent than buy, and buy when it’s cheaper to buy than rent!

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  • “Might be on the road to a housing disaster”?? Britain is firmly in the grip of a housing disaster!

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