Friday, August 15, 2008
Hope for a sale,,,
"It is worrying that 183,000 buy-to-let mortgages were taken out close to the top of the market," says Hargreaves Lansdown. "The real test of affordability is yet to come, in 2009 to 2010, when those who borrowed large sums at cheap rates in 2007 come off their fixed-rate deals."We are getting an increasing number of inquiries from professional buy-to-let landlords who are no longer able to churn their property portfolios to ensure they stay afloat."