Buy-to-let boom shows no signs of stopping as landlords snap up property worth £160bn | Mail Online
Britain is in the grip of a buy-to-let boom, with landlords snapping up property worth £160billion.
The Council of Mortgage Lenders yesterday revealed that there are a record 1.4 million ‘landlord loans’ currently being invested into properties, as older Britons cash in on soaring rental demand from young people who cannot afford to buy their own home.
With low interest rates wiping out income from savings but making mortgage repayments cheap, a buy-to-let property, boosted by rents close to all-time highs across the country, can prove an easy moneyspinner for both amateur and professional landlords.
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