It is hard to believe, but the number of buy to let mortgages increased in the third quarter of 2008. The total number of BTL loans stands and 1,134,000. BTL investors now account for 11.1 percent of the mortgage market.
The warning signs for BTL investors are screaming red; house prices are falling, and so are rents, why would anyone jump into such an investment? Can someone help me here?
Saturday, November 29, 2008
Buy to let - investors keep piling in
Labels:
Bank of England,
bankruptcy,
building societies,
buy-to-let,
finance,
interest rates,
money,
mortgages
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