29.09.2008 - Landlords plan to buy property
From Channel4.com: Four out of 10 investment landlords plan to buy a property during the coming year despite falling house prices, research showed. More than three-quarters of buy-to-let investors also said they did not intend to sell any of their properties because of the current market conditions, according to the Association of Residential Letting Agents. Instead they plan to keep their property portfolios for an average of more than 16 years, with a quarter of landlords planning to keep them for more than 20 years. ARLA's third quarter review found that the average landlord buying a new property planned to borrow just 70% of its value, while they had loan to value ratios of around 57% on properties they already owned. During the past five years they had average rates of return of 10.92% on properties that they owned outright, and 21.07% on ones that they had a mortgage on..... Full Article: Source
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