Investors looking into the buy-to-let market may be pleased to learn that one industry body forecasts that it will do well in 2008.
The Business
Mortgage Company has stated that despite a reduction in liquidity, the elements necessary for the buy-to-let sector to flourish are still in place.
A spokesperson for the company elaborated, saying that rising levels of tenant demand have been induced by people waiting to see what happens in the UK housing market in light of increasingly stringent lending conditions.
"The key factors driving the buy-to-let
market are still strong," the representative said.
"This year could present some great opportunities for landlords looking to expand their portfolios - the current slowdown in the housing market may enable landlords to drive genuine discounts off the true market value of properties and snap up some bargains," she added.
Earlier this month, the Times reported that all 90 per cent loan to value buy-to-let
mortgages had disappeared from the
market, meaning that all landlords must now offer a deposit of at least 15 per cent.
When moving home be sure to invest in a good self storage system to house all possessions.
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