 |
| LATEST LATEST LEGAL NEWS ARCHIVE |
LATEST NEWS & EVENTS Landlords 'worried' over buy-to-let rate raise  Landlords looking for property investment advice appear to be worried about a rise in buy-to-let lending rates. A survey from the National Landlords Association (NLA) shows that the majority of private landlords will be affected by an interest rate rise. If rates were to rise two per cent, there would be a negative impact on 89 per cent of landlords, with 53 per cent concluding that the effect would be significant. A further eight per cent could be forced to re-evaluate their future as a landlord, with six per cent having to reduce their portfolios or leave the private-rented sector completely. If rates were to increase one per cent on this type of mortgage, there would be a negative impact on 80 per cent of landlords. David Salusbury, NLA chairman, suggested that people need to find sound property investment advice. He commented: "These statistics show how important it is for a landlord expanding their portfolio to construct a sound long-term business plan when considering buy-to-let properties." It comes after a survey from the Association of Residential Letting Agents suggested that a lack of buy-to-let properties was threatening the private rented sector. Posted by Alex McLean 
Related Articles: 30/3/2012 - EPC changes to affect buy-to-let landlords 27/3/2012 - Rent increases drive strong buy-to-let yields 27/3/2012 - Property industry welcomes 'sensible' planning reforms 2/3/2012 - Arla advises landlords to 'invest wisely' 1/3/2012 - Basel III could hit commercial property lending More Property Law News |
|||
| © 2012 Lamport Bassitt | DEFAULT ZOOM | DISABILITY INFORMATION | LEGAL INFORMATION |