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Landlords showing "cautious optimism"
A recent survey by RBS of mortgage intermediaries showed that landlords they represent are cautiously optimistic about the next 12 months.
A third of those asked said their clients were looking to add to their portfolios and nearly 60% said their clients would maintain a 'wait and see' approach; neither adding to or reducing their property portfolios.
Tony Rice, of Bedford-based specialist mortgage brokers TMP Mortgage Zone said: "Falling house prices and the demand for good rental properties has meant that the buy-to-let market is showing more resilience. Experienced landlords with a property portfolio built up over a number of years are taking advantage of good deals on buy-to-let mortgages to capitalise on this increased rental demand."
[ 14-11-2008 ]
