Buy To Let Portfolio

Portfolio buy to let landlords who want to remortgage to buy more property would benefit from looking at one of our well known and best buy to let landlords business plan. Click on Best buy to let above.

It is likely that landlords will now be patient and then pounce when they see gaps in the property market. As reported by leading LettingAgent.com landlords are cost saving all round, more and more landlords are taking advantage of LettingAgent.com 3% Let Only service. The company is very dynamic and can find tenants at remarkable rates whilst keeping up its no rent arrears record by good referencing and rejecting any tenant that does not pass.

Our record buy to let mortgage lending years were 2003 and 2004 and most products sold were 3 year fixed or discounted buy to let mortgages. We are expecting high volume of these remortgaging this year but with fixed rates moving up we now expect our landlords to take heavily discounted buy to let mortgages or lifetime tracker mortgages. Today the buy to let discount mortgages have a pay rate of less than bank base thus will help in a market where fixed mortgages are scarce.

We expect the market to remain very strong this year despite interest rate rises predicted throughout the year. Lack of property will drive demand and so first time buyers, property investors and homeowners will just have to accept less for their money as affordability problems kick in as the cost of borrowing rises.

Landlord Mortgages wishes all property investors a great year and don’t forget to try our LettingAgent.com service and our home mortgage service.

Best wishes
Lee Grandin

House price rises return to double figures

House prices rose by a steady 0.7 per cent in February, pushing annual property price inflation back into double digits at 10.2 per cent, latest figures reveal.

According to Nationwide's house price report, the Bank of England's three recent interest rate rises have started to have an effect on the market, cooling buyer interest in properties and mortgage demand.

However, the supply of new properties coming onto the market remains low, which means that house price inflation is likely to remain "firm" for a while longer, with the average property price set to grow from its current £174,706, before gradually easing.

The report stated that the buy-to-let sector, which had provided an important boost to the housing market in 2006, remains "very firm" and while the growth of lending had slowed, gross buy-to-let lending was still 43 per cent higher in the second half of 2006 than a year earlier.

Although the buy-to-let market is "not immune from higher interest rates", 57 per cent of buy-to-let investors say they intend to acquire further properties in the next year, the company said.

Nationwide chief economist Fionnuala Earley commented that some slow-down in buy-to-let demand was expected in the second half of 2007, but added of the property market as a whole: "We do not expect a severe fall in confidence, even if interest rates were to rise once more, due to the continued strength of the economy and the labour market in particular."

Grandin comments ‘pundits cannot deny the written figures and if those written figures show that property is still in high demand then how can I or anyone else write off the property market?’

Landlord Mortgages comments ‘Buy To Let Mortgages have been designed to be long-term commitments. Landlords are generally not concerned about the short term but more the long term. With the average age of a landlord being under 45 we can certainly see why our landlord clients are not selling up. What would they do with their time? Landlords enjoy their work and are highly unlikely to give up on a passion, a passion shared by most UK homeowners!’