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Financial News
Monday 13th February 2012
Investing in houses and flats to rent is on its way back according to the Council of Mortgage Lenders
Monday 7th December 2011
The Government will underwrite mortgages for up to 100,000 buyers trying to get on the property ladder, meaning they will only need to pay a 5 per cent deposit for newly-built homes.
Monday 10th October 2011
While house prices appear to be falling in almost every area apart from London, rents are rising fast everywhere.
Other news...


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Buy-to-let booms despite faltering property market
Monday 13th February 2012 - Full story
The number of buy-to-let properties soared by 84,000 last year, the Council of Mortgage Lenders (CML) revealed on Thursday. Buy-to-let mortgages now account for nearly 13 per cent of the total outstanding value of home loans in the UK.
Does that mean investing in property to rent is beginning to make sense again, despite the moribund property market? Jonathan Samuels of Dragonfly Property Finance believes so.
"Buy-to-let is nowhere near the giddy heights of 2007, but these latest figures confirm that it's on its way back," he said.
"Landlords are making hay while the sun shines, adding to their portfolios in order to increase their exposure. The fact that property prices are low is contributing to this trend. It means landlords can buy low and rent high, manna from heaven!"
Date 11th February 2012
By Simon Read
Source The Independant On line

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