August 12, 2009
Buy To Let - Optimistic Outlook
People with buy-to-let mortgages are becoming increasingly optimistic about the future of the property market.
This is according to figures produced by research agency BDRC, which suggested that 17 per cent of landlords believe the outlook is "very good".
Responding to the findings, editor at LandlordZONE Tom Entwistle agreed, stating that securing a buy-to-let mortgage in order to invest in property could be an "excellent long-term strategy".
He said: "Investing in property to let needs to be a long-term strategy which spans the property cycle's ups and downs."
Paragon Mortgages managing director John Heron recently suggested that some landlords are being prevented from purchasing properties due to a lack of available buy-to-let mortgages.
Making his comments in the wake of a PRS Trends Report which found that 43 per cent of landlords said lack of finance is the main obstacle preventing them buying property, he said that lenders are not willing or able to provide the necessary funding.
