Buy-to-let market 'should remain strong'

28-Apr-2008

The buy-to-let market should perform well this year as a result of "key factors" which are still strong, it has been claimed.

According to the Business Mortgage Company, there is currently a reduced choice for buy-to-let mortgages, as lenders have withdrawn high value products and introduced extra fees in an attempt to offset the credit crunch.

However, the group noted that the downturn in the property market has pushed rents up, meaning landlords may be able to negotiate advantageous deals for their portfolio.

A spokesperson for The Business Mortgage Company commented: "The key factors driving the buy-to-let market are still strong. There are rising levels of tenant demand as people wait to see what happens in the housing market before purchasing."

She added that the slowdown in the mortgage market may allow landlords to "drive genuine discounts off the true market value of properties and snap up some bargains!".

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