buy to let
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Many fortunes have been made in the buy to let sector. Currently with the amount of publicity that this market is attracting there is little sign of it slowing down. There are so many television programmes that are dedicated to showing individuals how to capitalise of this growing market, and because of the state of current debt situation in the United Kingdom, the buy to let market we believe will always flourish.
Buy to let investment boosted house prices
The Buy to let investment has played a part in the rise of UK house prices in recent years, reaching a level that may not be over valued, the OECD has concluded.
'Lower interest rates have increased the return on rental property for investors, enhancing the attractiveness of, and demand for, housing as an investment',said OECD in a special chapter of its latest Economic Outlook.
This reported that UK buy to let mortgages had grown substantially since they were introduced in the late 1990s - from about 3 per cent of total mortgage lending in 1999 to around 7 per cent in 2004. 'The leveling off in this ratio since mid-2004 has coincided with slowing house price appreciation', said OECD.
Our job at Nationwide Mortgages (UK) Ltd is to give professional guidance for those wishing to get into this lucrative market.