Home > News > Mortgage and Remortgage

Struggling mortgage holders `should seek advice` Remortgage enquiries `rise in June` Mortgage approvals `up in June` UK mortgage market remains weak, CML says Consumers `should avoid lying on mortgage applications` BoE releases Trends in Lending report Brits `prioritising debt repayment` "Sensible lending" needs to be restored for home buying Many households `to miss mortgage payments` Homeowners `increasingly paying off mortgage debt` Booklet produced for those facing mortgage repayment problems Local authority defends decision to offer 100% mortgages Mortgage lending levels `still low` CML welcomes campaign on repossessions Consumers `increasingly offsetting savings against mortgages` Banks `should be encouraged to provide more mortgages` Younger and richer people `benefiting more from mortgage reductions` Bank of England cuts base rate Negative equity `concerning UK mortgage holders` Interest rate cuts `were not anticipated by consumers`

Buy-to-let market `to benefit from slowing house prices`

01/10/2007

A slowing of the housing market may revive the buy-to-let sector, an industry expert has claimed.

Those wishing to let their properties out may be interested to know that as housing prices slow, due to rising interest rates and uncertain financial markets, those who have taken out buy-to-let mortgages may benefit financially, according to a spokesperson for the Association of Residential Lettings Agents (ARLA).

Malcolm Harrison said that the demand within the rental sector is already high, as many first-time buyers are priced out of the market. However, he added that this is set to increase if housing prices level out as buy-to-let mortgages have a "much better" credit record than normal mortgages.

Mr Harrison continued: "Most buy-to-let investors, new or experienced, actually go to mortgage lenders with a well-thought out proposition and that proposition generally includes quite a high deposit and conservative expectations of the rental value."

ARLA is the professional and regulatory body for letting agents in the UK.

More than 4 million fear they`ll be made redundant 16/12/2010 - According to R3`s quarterly personal debt tracker, more than 4 Consumers took on more mortgage debt in July 26/08/2010 - Consumers took on £2bn more mortgage debt than they repaid Debts called in by parents 26/08/2010 - According to research, `the bank of Mum and Dad` is Teenagers `scared of debt` 19/08/2010 - Nearly two thirds of teenagers are `scared` of debt, according