Buy-to-Let sector remains buoyant | LoanLine

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	Buy-to-Let sector remains buoyant
	A recent press release from the Council of Mortgage lenders announced that buy-to-let mortgages were still very popular, despite some worries that the housing market was starting to slow. Year on year growth rates of house prices is running strongly at nearly 10 per cent and has done for quite a while now. That means buy-to-let property purchases are almost guaranteed to make money on capital growth alone. Some industry watchers worry that many people who have entered into the buy-to-let market during these highly profitable times will soon start to struggle if capital growth fades and they are left to try and run their buy-to-let portfolios as real businesses. There has also been a slight slow down in new buy-to-let mortgages in the first half of 2007 with just over 170,000 mortgages arranged ( down 3% on the second half of 2006), but the sector outperformed the mainstream mortgage market which slowed by 4%.

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Home Finance News

Buy-to-Let sector remains buoyant

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