Brokers see 2007 buy-to-let potential - papers 15th December

A survey published this week and commissioned by Penrose, the PR consultancy, reveals eight in 10 mortgage brokers expect to see an increase in buy-to-let lending in 2007 from today's record levels. More than half said their clients admitted to buying property to supplement poor retirement savings, suggesting high levels of complacency about the prospects for house price growth while more than 90% of mortgage brokers believe prices would rise again next year. But John Postlethwaite, a consultant at Punter Southall Financial Management, is quoted as saying: "The returns on buy-to-let are...