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Rent increases bolster buy to letRental income on a typical buy to let property has increased by 6.5% over the past quarter according to Paragon Mortgages. This increase has been put down to the recent increase in the Bank of England base rate. The rental yield on buy to let properties has steadied the buy to let market which has itself been put under pressure in recent month due to the rate rises.
Specialist buy to let mortgage broker Mike Jones commented, "A buy to let mortgage broker can still find competitive buy to let mortgages in the marketplace and potential new landlords should not be put off taking the plunge."
MortgageBroker.co.uk recommend that anyone thinkng about taking out a buy to let mortgage should speak to a qualified buy to let motgage broker by completing an enquiry form at www.mortgagebroker.co.uk.
11 June 07
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