Landlords refinance ahead of softening housing market

It claims its reserach shows 25% of landlords have refinanced over the last year to create ‘war chests' in anticipation of a softening housing market that will allow investors to take full advantage of lower prices. The research follows the news last week that David Miles, chief UK economist at investment bank Morgan Stanley and a former government adviser, had predicted house price growth has been grounded in unrealistic expectations of double digit annual rises and that "significant falls" are likley in the future. Speculation about the stability of the housing market has intenisifi...