Monday, January 7, 2013

Expanding… and complaining.

Half of landlords to grow empire next year

Over half of landlords are planning to expand their portfolio next year, as the difficulty of securing a mortgage forces potential first-time buyers to continue renting. However despite having plans to grow their empire, three quarters of landlords say that mortgage lenders aren't doing enough to support property investors.

Posted by phil @ 01:00 PM (1285 views)
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2 thoughts on “Expanding… and complaining.

  • Always planning to expand greed knows no limits

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  • crash bandicoot says:

    Some irony here then. FTB’s are forced to rent as there is a lack of morgage funding but those helpful wanabe property magnates can’t fill their boots because there is no finance available – even though rents are higher than mortgage payments.

    I know that this is a fluff piece from a VI journal but how high do they want to stack the pyramid?

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