Buy-to-let market 'not affected' by interest rate changes

04-Apr-2007

In news which may be of interest to first time home buyers considering purchasing a property for investment, the buy-to-let market has not been affected by recent interest rate increases, it has emerged.

According to Paragon Mortgages, compared with the same period in 2006, first-half trading results for 2007 have seen a 30 per cent increase in the number of buy-to-let mortgage completions by clients, which may include first time home buyers.

Indeed, it is suggested that buy-to-let investors view their assets as long-term investments.

"Suggestions that buy-to-let activity is influenced by fluctuations in interest rates … is unfounded," said Nigel Terrington, chief executive of Paragon Mortgages.

"Investment decisions are not based on the short-term signals of fluctuating interest rates but on the underlying trends of supply and demand in the market place," he added.

To find out how to get onto the property ladder by buying to let in a different location click here.

Paragon Mortgages specialises in the provision of mortgages specifically for buy-to-let investors.

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