Rat and Mouse
Fri
20
Jan
Buy-to-let feeding frenzy continues

You'd almost think it was 1999... except everything's crap.

The buy-to-let party continues, though, according to tenant referencing people Landlord Assist, who report portfolios expanding, mortgage costs shrinking, tenant numbers burgeoning and rents rising. More here.

And now for one of those cheap and easy buy-to-let mortgages: Yorkshire Building Society today announced a relaxation in its lending terms to landlords, with a new minimum property value (£100,000, from £150,000), a new minimum earnings level (£20,000, from £35,000) and a new minimum age (25, from 30). Expect competition from other buy-to-let lenders imminently. More here.

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Comments

While unemployment continues to challenge the domestic property market.The only disappointment is that the flats have been sold to a buy-to-let investor.

http://www.esalesdata.com/email-list/ERP-users-list.php

Posted by ERP Users Email List at January 23, 2012 7:01 AM


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