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Buyers still active in rental industry - buy to let mortgages

Published: 12.5.2008

The buy to let market is still seeing new investment as cash buyers pick up bargains, it has been stated.

A large number are continuing to be active in acquiring property as many cheaper assets become available, but large investors are not the only ones remaining committed to the industry, writes Times columnist Anne Ashworth.

She said smaller investors are "committed to the cause" because of the recent rent rises brought about by the housing market slowdown and the credit crunch, which is prompting more people to rent rather than buying.

These smaller investors may include many with Buy to Let Mortgages.

Increases in rents have led to many tenants looking for lower-prices areas with good transport links, reports The Newcastle Journal.

The paper said that lettings agen Sarah Mains of Sarah Mains Residential had found that instead of renting near the centre of Newcastle people were tending to opt for areas such as Wallsend, which is linked to the heart of the city by the Metro.

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