Buy-to-let boom 'unlikely'

Speaking at a debate today, senior figures, including the Council of Mortgage Lenders’ director general Michael Coogan, and Nationwide chief economist Fionnuala Earley, say they do not expect the market to shrink, but they also believe a boom is out of the question. “I think a lot of people will seek rented accommodation while they save the money to buy, but I don’t like to think of the market in terms of boom and bust and I expect it to remain steady,” says Coogan. David Miles, chief economist at Morgan Stanley, agrees: “I think net new demand is unlikely to increase, despite the prospec...