News
Buy-to-let loans boom hits 160bn.
Feb 10, 2012
Britain is in the grip of a buy-to-let boom, with landlords snapping up property worth £160bn.
The Council of Mortgage Lenders yesterday revealed that there are a record 1.4million 'landlord loans' currently being invested into properties, as older Britons cash in on soaring rental demand from young people who cannot afford to buy their own home.
With low interest rates wiping out income from savings but making mortgage repayments cheap, a buy-to-let property, boosted by rents close to all time highs across the country, can prove an easy moneyspinner for both amateur and professional landlords.
Source : Daily Mail page 35 - 10.02.2012
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NN3 6BJ
Tel: 0845 22 42 162
Email: info@selectms.co.uk
SOL 504
Select Mortgage Solutions is an appointed representative of Stonebridge Mortgage Solutions Limited which is authorised and regulated by the Financial Services Authority.
Regents Pavillion,
4 Summerhouse Road,
Northampton,
NN3 6BJ
Tel: 0845 22 42 162
Email: info@selectms.co.uk
SOL 504
Select Mortgage Solutions is an appointed representative of Stonebridge Mortgage Solutions Limited which is authorised and regulated by the Financial Services Authority.
