'Good year ahead' for buy-to-let market
The buy-to-let market will perform well during 2008 due to burgeoning demand for rental property, it has been claimed.
Specialist brokers the Business Mortgage Company said that "key factors" were driving the market and would ensure the coming 12 months are profitable for landlords.
"There are rising levels of tenant demand as people wait to see what happens in the housing market before purchasing," a spokesperson for the company said.
She added: "The current slowdown in the housing market may enable landlords to drive genuine discounts off the true market value of properties and snap up some bargains."
Despite the rosy outlook, the spokesperson acknowledged that a "lack of choice" was tightening up the market and stopping some investors from acquiring new properties.
"Many lenders have reduced their loan-to-values (LTV) and the 90 per cent LTV buy-to-let mortgage has practically disappeared," she noted.
Earlier this month, the Financial Times reported that the last of the 90 per cent LTV buy-to-let mortgages had been removed from the market.
Published 29th April, 2008
© 2008 Estates IT Limited
London Rental Property News By London Borough / Category
Latest London Property News Headlines
Streatham town centre to be improved by BID?
Major improvements could be made to Streatham town centre thanks to a new business partnership.
Read Article ... Published on 25th May, 2012
Olympic infrastructure 'to drive east London house market'
The infrastructure created by the Olympics will see the east London property market become more popular.
Read Article ... Published on 24th May, 2012
Olympic infrastructure 'to drive east London house market'
The infrastructure created by the Olympics will see the east London property market become more popular.
Read Article ... Published on 24th May, 2012
Barking Splash Park opens this weekend
Barking Splash Park will be free to use this weekend (May 25th-27th) to mark its opening.
Read Article ... Published on 24th May, 2012
Southwark estates to get cheaper energy bills
Residents in Southwark can look forward to cheaper energy bills thanks to the creation of a new underground green network.
Read Article ... Published on 23rd May, 2012
Enfield £1.3bn masterplan unveiled
A masterplan has been unveiled that will see a 200-acre site in Enfield regenerated as part of a £1.3 billion plan.
Read Article ... Published on 23rd May, 2012
Londoners encouraged to grow their own fruit and veg
People in London are being encouraged to grow their own fruit and vegetables.
Read Article ... Published on 22nd May, 2012
Merton 'embraces green improvements'
Merton is now a cleaner, greener location to live in thanks to the implementation of the Wandle Valley Low Carbon Zone (LCZ).
Read Article ... Published on 22nd May, 2012
London house prices rise by 1,782% in past 35 years
London house prices have increased by 1,782 per cent in the last 35 years.
Read Article ... Published on 21st May, 2012
Poplar's Chrisp Street to get £100m regeneration
Some £100 million is to be spent regenerating the Chrisp Street area of Poplar in Tower Hamlets.
Read Article ... Published on 21st May, 2012
The buy-to-let market will perform well during 2008 due to burgeoning demand for rental property, it has been claimed.