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Buy To Let bits

34% of men but only 22% of women planned to pay stamp duty out of their savings.

The number of people who do not know how much they spend at Christmas is 58%.

One tenth of those planning to buy a house have bought their plans forward.

It is likely there will be five sellers for every four homebuyers in the next 5 years.

Residential & Buy to Let Switch

Hampton’s December best buy mortgages tracker has shown that residential mortgage sales declined whereas buy to let mortgage sales rose.

Hampton’s residential mortgage sales fell by around 23% since December 2006 and buy to let purchases had accounted for 39.53% a rise of almost 23% in December 2006.

It was stated that figures showed a reversal of residential and buy to let mortgages. A prediction was made that tracker mortgages would be more popular in 2008.

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