RSS FeedsThe future for the Buy to Let Mortgage Market is looking Positive
14/03/2008
According to statistics revealed earlier today the future for the UKs buy to let mortgage market is looking bright. The news was announced earlier this morning by the Mortgage Strategy’s buy to let Summit.
Michael Ball Professor of Urban and Property Economics at Reading university announced some statistics and reports that outlined some positivity for those who are in the buy to let market. He revealed this at the Four Seasons Hotel in Fleet in Hampshire. The report showed some optimism towards the market which is great news for lenders in the buy to let market.
Michael Ball said “The long term prospects for the buy-to-let sector are extremely good. Buy-to-let investors are in a good position. Rental demand tends to do well in a market slowdown.” He then went onto say that “there are no signs of this much vaunted meltdown of buy-to-let.”
Michael Ball took the figures from the council of Mortgage lenders. The statistics showed that in the last three years, But to let Mortgages have increased rapidly. He also went onto say that according that reports from Paragon and the Royal Institute of Surveyors, the rental on properties is rising and those potentially looking to buy their own home are being put off.
The buy to let sector will see an increase in the future as a result of housing supply shortages, immigration, migration and household rises.