Landlords Feel Pressure due to the Current Market
Friday, September 4, 2009 10:00A growing number of landlords are struggling because of the number to buy two-thirds belong to refinancing that traded on the market.
Study released yesterday showed 50 percent increase in the number of buy to let investors in the past year looking for new mortgages. However, 70 percent fewer mortgage loans in the past 12 months, more has to change according to time bomb, according to experts.
Thousands of owners, the new deal for the next few months. In the number of loans granted reached a peak of 176.5 thousand in the second half of 2007, just on the Northern Rock and the credit crunch began to run. Many owners think that there are two-year contract, will soon be closing action.
Hanna – Mercedes Skenfield, from moneysupermarket.com, more studies published on the website, he said: “Buy to let property owners are looking for a suitable mortgage a daunting task. Due to a significant reduction in products in the market left by high interest rates attention to these circumstances, we may have a ticking purchase rate to let our hands time-bomb. “
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