Buy-to-Let Investing Still Pays
May 18th, 2008 |
As the property market boom continues to become a mere memory, lenders have begun to tighten the criteria on buy-to-let mortgages for new-build properties. This is because the lenders are regarding premium priced new-build property as a riskier asset to lend on when compared to older property. This is particularly the case for city centre apartments which have long been regarded as overpriced by experienced property investors and mortgage lenders.
Since 2000, it seems like everyone was jumping into the property market thanks to healthy yields and rocketing prices. Although the boom is over, experts say property is still a sound investment. However, instead of rushing out and falling for every sales pitch spun within developers
