Wednesday, 30 November 2011

Buy-to-let: Landlords continue to grab cheap mortgages | Mail Online

Buy-to-let: Landlords continue to grab cheap mortgages | Mail Online

Landlords are continuing to cash in on rising rents and cheap mortgages — but experts warn that a ‘buy-to-let bubble’ may be looming.

As investors snap up properties out of reach of first-time buyers struggling to save for a deposit, experts warn that annual returns from rent will not always be this high — and could fall drastically.

The number of buy-to-let mortgages has more than doubled since 2008, while average rents have reached a record high of £720 per month, according to LSL Property Services.

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