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...
To continue reading this article...
Join Professional Adviser for free
Signup and gain exclusive members-only insights
- Unlimited access to real-time news, industry insights and market intelligence
- Stay ahead of the curve with spotlights on emerging trends and technologies
- Receive breaking news stories straight to your inbox in the daily newsletters
- Make smart business decisions with the latest developments in regulation, investing retirement and protection
- Members-only access to the editor’s weekly Friday commentary
- Be the first to hear about our events and awards programmes
