An eminent expert conducting a review of the UK mortgage market in 2004 declared customers should be buying products with long-term fixed rates and that brokers should be pushing these.
Now he’s predicting the collapse of the buy-to-let sector because of a combination of high interest rates and overstretched investment. These rather black and white predictions with no element of doubt could question the very credibility of “experts” that do not actually work in the mortgage market. Take the following examples. The latest research from specialist lender Paragon Mortgages reveals that rental yields achieved by residential investors have remained steady at 6% for the past eight months. A survey of 3,617 UK landlords carried out by GFK NOP shows that confidence in the marke...
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