Insurance News Archive
Buy-to-let boom welcomed by investors
Investor confidence is increasing as the buy-to-let sector has gone from strength to strength in the opening months of 2006.
Almost 60 per cent of buy-to-let intermediaries expect rental income to increase in the next three months, according to Mortgage Trust.
This supports earlier figures from the Council of Mortgage Lenders (CML), which show that mortgage lending soared by 40 per cent in the second half of last year.
"Both our findings, and the figures released recently by the CML, indicate that there has been a definite upswing for the buy-to-let sector," comments Nicola Severn, marketing manager at Mortgage Trust.
Research shows that conditions in the UK are currently excellent for buy-to-let property investment, with demand for rented accommodation currently on the rise.
A relaxing of lending criteria by mortgage lenders has also acted as a catalyst for the booming buy-to-let market, according to experts at The Homebuyer Show.
"Buy-to-let is back in business," concludes Nick Clark, managing director of the show held last week in London.
© Adfero Ltd
20 Mar 2006