Simon Zutshi in The Independent... Simon Zutshi, founder of the - TopicsExpress



          

Simon Zutshi in The Independent... Simon Zutshi, founder of the Property Investors Network, claimed that the lending restrictions introduced in April by the Mortgage Market Review may have had the unintended consequence of boosting buy-to-let. He said: Ironic as it may be, I believe that some of the controls ... introduced to the residential mortgage market may be indirectly fuelling the buy-to-let market boom. Mr Zutshi explained that the 90 per cent LTV cap on residential mortgages, with a maximum multiplier of 4.5 times combined income, had led to more people having to rent because they could not meet the stricter criteria. He said: Investors will buy investment properties for as long as there is a rental demand. independent.co.uk/money/mortgages/buytolet-is-it-a-boom-or-a-bubble-fit-to-burst-9615983.html
Posted on: Mon, 21 Jul 2014 13:50:23 +0000

Trending Topics



Recently Viewed Topics




© 2015