Mortgage market could swell with new landlords

Mon, 11 Jul 2011

The mortgage market could be set to swell with new investors who are attracted by the transparency of the buy-to-let sector.

According to independent property industry expert Malcolm Harrison, those whose "ability to make money" has not been seriously affected by the recession will be looking for safe bets when investing their cash.

"[Property] is something that they can control and they are not handing their money over to a fund manager; if you are a property investor or a buy-to-let investor, then you know exactly what is going on as you can see in it with your own eyes," he said.

The expert did throw in the caveat that the buy-to-let sector should be seen as a long-term investment, with anyone planning to go down this route willing to commit for "at least ten years, if not more".

According to the latest Savills data, London prime property rental prices increased by 1.8 per cent in the past three months and are up ten per cent year-on-year.

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