In UK, the buy to let market experience a boom in last few years, from almost extinction on late 80’s. I intend to explore the why, the story behind headlines, what can go wrong, when can go right.
With the modern economic catastrophe, it is very complex for home purchasers to successfully get hold of a buy to let mortgage to buy or re-mortgage their property. The lenders are not lending capital to most mortgage applicants, like they were a year or so ago. The approval rates are very low and the capability to get a mortgage is proving more and more difficult.
For Buy to Let market, the last few months have been difficult for the landlords with the credit crunch came increase on arrears, lack of buy to let mortgages and tougher lender’s criteria. But it is not all bad news, the houses are cheaper to buy, the rents still increasing and rental demand at all time high.
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