Rental market 'still strong'
Those taking out buy to let mortgages on their rental properties may be glad to know that demand in the rental market is still strong, according to the director of research
Those taking out buy to let mortgages on their rental properties may be glad to know that demand in the rental market is still strong, according to the director of research at Savills.Jacqui Daly said that provided buy to let landlords do not have to sell their properties, they should be able to achieve some decent returns.
"As long as investors can pay their debt, get rental income coming in and manage their property, I don't see any adverse effects on the buy to let market," she remarked.
And she said that while there is unlikely to be any expansion in the market over the next couple of years thanks to the credit crunch, she does not expect it to take a downturn.
Property experts have suggested that the government's recent move to temporarily scrap stamp duty on properties worth £175,000 and under will benefit those with buy to let mortgages.
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