Buy-to-let mortgages see popularity boost
by Daniel Jones
It may be a great time for landlords to expand their buy-to-let property portfolio
, as figures show that buy-to-let mortgages have experienced a popularity boost.
The National Landlords Association (NLA) found that in the second quarter of the year, demand for buy-to-let mortgages increased by 25 per cent compared to the first.
An increase in average loan size was also witnessed, rising by £2,166 to reach £138,525.80.
NLA chairman David Salusbury commented: "Any mortgage products that encourage greater investment in the private-rented sector should be encouraged."
He emphasised that tenancy agreements
are vital at a time when quality housing is in short supply.
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Published on: October 7, 2011
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