Saturday, August 11, 2012

The relentless growth of the buy to let monster

Buy, buy...rent

As the Council of Mortgage Lenders reveals yet another rise in buy to let lending (now up 45 per cent since the credit crunch to account for one in eight of all mortgages), it claims this leads to 'wider choice for tenants'. Provided, that is, they don't mind paying higher rents to fuel higher yields for their landlord. The one choice they don't have is becoming a first-time buyer - since the same lenders are concentrating on equity-rich borrowers and buy-to-let landlords

Posted by squeezedout @ 09:38 AM (517 views)
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