Rates on hold as Buy-to-Let remains buoyant

6 September 2007: Lee Grandin, Managing Director of Landlord Mortgages, the UK’s leading specialist buy-to-let broker comments on today’s Bank of England decision:

“Today’s decision by the Bank of England to keep rates steady provides some respite for buy to let investors. At least, for this month, mortgage rates will not be pushed up.

“This decision comes at a time when tenant demand remains strong; the result of recent rate increases is that many are choosing to rent rather than buy. With rental yields set to rise as a result of this increased demand and a lack of housing stock, buy-to-let is still a very attractive investment option.

“Recent research shows that landlord’s confidence is at an all time high, and with house price rises slowing, many will be looking to invest in further properties. Buy to let investors should ensure they research the potential implications of their future property investments thoroughly.”

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