The joint crackdown on the buy-to-let by Chancellor George Osbourne and the Bank of England is deterring only 14% of landlords from buying more properties. Investing in property for retirement is still very popular with four out of five people recent research has revealed. Only one in seven landlords and would be landlords have cancelled plans to buy more or make their first purchase in the buy-to-let market. Experts first thought all the new measures would severely hit demand but it seems this is just not the case. Eight of ten people asked said they would continue their plans to invest in property for their retirement even with the new rules in place. Mortgage brokers and lenders alike are currently reporting good volumes of business. This is after the recent rush to purchase property to beat the stamp duty increase on 1st April this year. This recent research clearly shows that the demand for property is not going to go away any time soon. People still see a property purchase as a good long term investment and with the current shortage they could very well be correct. Buy-to-let mortgages: Interest rates in this market remain at all-time lows, plus there is a huge range to choose from. As the research above suggests lenders also see this as a growth area of business and they continue to introduce new and innovative products to help the investor. Can we help? If you require assistance with your buy-to-let mortgage please do contact one of our fully qualified advisers who will be happy to guide you.
