Confidence shows in Buy To Let

Normally supply and demand would be rated lower than employment/unemployment and interest rates but at the moment they are all equal because of the rising number of immigrants needing housing.

First time buyers have dropped from 30% to 10% of the market recently and many through necessity have to rent properties as opposed to buying them. It is just possible that this may turn around with first time buyers just waiting till prices level or saving more towards a deposit and hoping their salaries will increase.

Retail sales were low over the Christmas period and the British Retail Consortium say that 2007’s Christmas was the worst for three years.

Fear seems to be affecting the consumer who now realizes spending must be kept to a minimum.

Showing now are figures proving those that were thinking of moving house are now waiting either because of the Home Improvement Packs, that still do not have a big following with sellers, or to see how house prices fair.

Many borrowers will notice a difference in the cost of mortgages when they come off 4% interest rate mortgage deals this year plus they may well also have other debts to pay.

The buy to let investors seem to be more confident than the rest of the market as the demand for rental properties will continue. Landlords with poor credit may find it difficult to remortgage as the lenders tighten their criteria.