Monday, 22 November 2010

Buy to let landlords enjoy fat profits from the mortgage famine – Telegraph Blogs

Buy to let landlords enjoy fat profits from the mortgage famine – Telegraph Blogs

Buy to let landlords are big winners from the mortgage famine, enjoying rental yields above 6 per cent and rising while more than half of all tenants feel “trapped”, according to new research by the property website Rightmove. It claims demand from frustrated would-be first time buyers unable to get onto the housing ladder, combined with restricted supply of housing, means rents are rising by up to 10 per cent in some regions.

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