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Buy to let mortgages still seem to remain stable amongst the chaos caused by the credit crunch. The average UK rent which at a stage was rising particularly high has become stable just below of the £1000 a month mark, however still being more than the amount charged a year ago.
The areas fairing particularly well, are Wales the North and the North West. It is estimated that within the ensuing months, the buy-to-let market will be an extremely important source of stability in a very unpredictable housing market. The reasons for this seem to be related to the fact that high demand for rented accommodation, which in turn encourages the landlord to keep hold of the property, whilst at the same time looking for an opportunity to sell.
The standard portfolio gearing equates to less than 40%, which means landlords have much more room available to them in order for them to release equity for more investment.
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