BTL professionals will buy more property - brokers


Almost half of mortgage intermediaries believe professional buy-to-let investors will continue to acquire properties despite the market downturn, according to the Mortgage Works.

A survey of over 3,000 intermediaries found 44% believe professional investors will continue to buy property, while a similar amount thought they would maintain their current portfolios. According to Mortgage Works, advisers believe investors will seize bargains created by fragile credit conditions and only 12% think they will start to sell some of their properties. Rising rental yields are expected, with 40% saying yields will rise this year, while 94% of intermediaries say tenant demand will remain static or rise in 2008. However, intermediaries were less convinced about first-time lan...

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